Nearctic Nickel Mines Inc.

May 14, 2008 11:48 ET

New Trading Symbol for Nearctic Nickel Mines Inc.

TORONTO, ONTARIO--(Marketwire - May 14, 2008) - Nearctic Nickel Mines Inc. (PINK SHEETS:NNMIF) is pleased to advise that effective May 13, 2008 its trading symbol on the Pink Sheets OTC market has changed to NNMIF. The change in trading symbol follows upon of the company's change in name from Ungava Minerals Corp. to Nearctic Nickel Mines Inc., approved at the Annual General and Special Meeting of Shareholders held June 26, 2007.

Safe Harbor

Statements made in this release that are not historical in nature constitute forward looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking can be identified by the use of words such as "expects", "plans", "will", "may", "anticipates", "believes", "should", "intends", "estimates", and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability and marketability of such products, the ability to protect proprietary information, the impact of current, pending or future litigation and regulation on the industry, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this release and Ungava Mines Inc. assumes no obligation to update any such forward-looking statements.

Issued and Outstanding: 28,263,276 Common Shares

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