Superior Court Judgment upholds Sheppard Award of April 1, 2009

Issued and Outstanding

29,211,290 Common Shares

TORONTO, Oct. 4 /CNW/ - Nearctic Nickel Mines Inc. (Pink Sheets: NNMIF) (the "Company") is disappointed that a Judgment has been issued which upholds the Sheppard Arbitration Award. The Judgment is being studied and counsel will advise as to whether to appeal. The Judgment will be attached to the Material Change Report which will be filed.

Caution Concerning Forward-Looking Statements

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Nearctic Nickel Mines Inc. believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as may be required by applicable securities laws, Nearctic Nickel Mines Inc. disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

For further information: Paul Vorvis, President, Nearctic Nickel Mines Inc., Telephone No: [phone]