Québec's Highest Court Rejects Ungava Minerals' Appeal in $50M Law Suit Against Canadian Royalties' Directors Bruce Durham and Glenn Mullan

    MONTREAL, July 21 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ)
announces that it has been advised by two of its directors, Mr. Bruce Durham
and Mr. Glenn Mullan, that Ungava Minerals Exploration Inc. ("UMEI") lost its
appeal in the highest court of Québec (Court of Appeal of Québec), in its
(UMEI's) attempt to reverse an earlier decision of the Québec Superior Court,
that was unfavourable to Ungava Minerals.
    In 2006, Ungava Minerals launched an action against Durham and Mullan in
the Québec Superior Court, seeking $50,500,000 in damages and alleging
trespass and concealment, among other related issues (see Press Release of
Ungava Minerals Corp./Nearactic Nickel Mines Inc. dated August 11, 2006).
Bruce Durham and Glenn Mullan were successful in having this 2006 action
against them dismissed by the Québec Superior Court on April 24, 2007, and
again, as mentioned above, in the Court of Appeal of Québec on July 16, 2008,
when the Honorable Louise Otis, Juge de la Cour d'appel (JCA), the Honorable
François Pelletier, JCA, and the Honorable Marie-France Bich, JCA, rejected
Ungava's appeal, with costs to be paid by Ungava Minerals.

    About Canadian Royalties

    Canadian Royalties has initiated the development of an independent,
stand-alone nickel-copper mine on its Nunavik Nickel Project, located
20 kilometres south of Xstrata Nickel's Raglan Mine in Nunavik, Province of
Québec, Canada. Canadian Royalties has now received its Environmental
Certificate of Authorization and Mine Lease for Expo, and has started

For further information:

For further information: Bruce Durham, Director, (416) 414-2144,
bruce.durham@canadianroyalties.com;----- Glenn J. Mullan, Director, (514)
879-1688, glenn.mullan@canadianroyalties.com;----- Richard R. Faucher,
President & CEO, (514) 879-1688, richard.faucher@canadianroyalties.com;
www.canadianroyalties.com;----- Renmark Financial Communications Inc.: Jason
Roy: jroy@renmarkfinancial.com; Dan Symons: dsymons@renmarkfinancial.com;
Media - Adam Ross: aross@renmarkfinancial.com, (514) 939-3989, Fax: (514)
939-3717; www.renmarkfinancial.com

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