Nearctic Nickel Mines Inc.
PINK SHEETS : UGVAF

September 24, 2007 15:25 ET

Byron Americor Inc. Amalgamates With Ungava Mines Inc. and Continues as "Ungava Mines Inc."

MONTREAL, QUEBEC--(Marketwire - Sept. 24, 2007) - Nearctic Nickel Mines Inc. (the "Corporation") (PINK SHEETS:UGVAF) is pleased to announce that its subsidiary, Byron Americor Inc., OTCBB "BYNAF", has amalgamated on September 21, 2007, with Byron's wholly owned subsidiary, Ungava Mines Inc., to form "Ungava Mines Inc." Ungava Mines Inc. will continue to trade on the OTCBB under the symbol "BYNAF" until a new symbol is obtained.

Ungava Mines Inc. has 92,688,998 common shares outstanding of which the Corporation holds 90,000,000 common shares.

This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors which may cause the Company's results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

Issued and Outstanding:

28,263,276 Common Shares

Contact Information

  • Nearctic Nickel Mines Inc.
    Dr. Allan Miller
    President
    (613) 231-5656