Ungava Mines Inc.
OTC Bulletin Board : UGVMF

April 25, 2008 14:56 ET

Ungava Mines Inc.: Expo Ungava Property, Exploration Update

TORONTO, ONTARIO--(Marketwire - April 25, 2008) - Ungava Mines Inc. ("Ungava") (OTCBB:UGVMF) is pleased to advise that Canadian Royalties Inc. ("Canadian") (TSX:CZZ) has reported substantial progress recently in its drive to further explore and put the co-owned Expo Ungava Property into production. Ungava has a 30% interest in the Expo Ungava Property (net 20%) which Canadian has under option.

Mequillon Ni-Cu-PGE Deposit

In March 2008, Canadian released a Preliminary Economic Assessment on the Mequillon Deposit which indicated that there existed open pit and underground resources which could extend the life of the intended mine significantly.



Open Pit Net Textured Sulphide Resource @$42.50/tonne NSR cut-off grade

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Ni Cu Co Au Pt Pd PGE NSR
Classification Tonnes (%) (%) (%) (g/t) (g/t) (g/t) (g/t) ($/t)
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Indicated 1,447,000 0.73 1.00 0.04 0.21 0.71 2.56 3.48 $123
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Underground Net Textured Sulphide Resource @$75.00/tonne NSR cut-off grade

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Ni Cu Co Au Pt Pd PGE NSR
Classification Tonnes (%) (%) (%) (g/t) (g/t) (g/t) (g/t) ($/t)
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Indicated 3,927,000 0.75 1.10 0.04 0.23 0.69 2.68 3.60 $128
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Inferred 3,085,000 0.82 1.12 0.04 0.18 0.65 2.57 3.40 $135
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Total Net Textured Sulphide Resource

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Ni Cu Co Au Pt Pd PGE NSR
Classification Tonnes (%) (%) (%) (g/t) (g/t) (g/t) (g/t) ($/t)
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Indicated 5,374,000 0.74 1.07 0.04 0.23 0.70 2.65 3.58 $127
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Inferred 3,085,000 0.82 1.12 0.04 0.18 0.65 2.57 3.40 $135
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Estimates of future metal prices used in this PEA were Nickel $US8.00/lb, Copper $US2.00/lb, Platinum $US1,100/oz and Palladium $US300/oz.

Allammaq Ni-Cu-PGE Deposit

On April 15, 2008 Canadian released a first resource estimate for the Allammaq Deposit on the Expo Ungava Property. The deposit is composed of two shallow zones, the deeper of which is 40 metres thick in its central portion. The zones have been traced for 150 metres in width and 250 metres in strike length and is open in both dimensions. The Allammaq Deposit and the Mesamax Deposit three kms away, are geologically connected. Delineation drilling of the Allammaq Deposit in 2008 is a top priority for Canadian so that this resource may be included in the mine plan in the revised bankable feasibility study.

The Allammaq Deposit has resources as follows:



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Ni Cu Co Au Pt Pd NSR
Classification Tonnes (%) (%) (%) (g/t) (g/t) (g/t) ($/t)
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Indicated 2,065,000 1.30 1.52 0.05 0.13 0.73 3.14 $115
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Inferred 461,000 1.97 1.84 0.08 0.13 0.81 2.67 $115
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The Allammaq resources are estimated on the basis of the same metal prices in the Mequillon Deposit PEA referred to above.

Other

Canadian has indicated that it is now ordering equipment for a mill with a capacity of 4,500 TPD. Previously the mill capacity had been indicated at 3,500 TPD. This is a very positive development and should have a dramatic effect on revenue and earnings from the mine. Canadian has also recently indicated that it considers itself on schedule and within the $465 million budget to build the mine and that required debt financing of about $250 million should be arranged by the end of September, 2008 which will require the completion of a revised bankable feasibility study. Commercial production from the mine is scheduled to commence in 2010. Also expected in 2008 is a new resource estimate for the Expo Deposit and 25,000 metres of diamond drilling.

For more information about Ungava Mines Inc. visit www.ungavamines.com

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.

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