NEARCTIC Nickel Mine (fka NNMIF)

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Written Argument filed in Quebec Court of Appeal and Canadian Royalties Inc. commences new arbitration


Companies:NEARCTIC NICKEL MINE
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Press Release Source: Nearctic Nickel Mines Inc. On Monday January 17, 2011, 5:23 pm EST

Issued & outstanding
29,211,290 Common Shares

TORONTO, Jan. 17 /CNW/ - Nearctic Nickel Mines Inc. the "Company", advises that a written Argument has been filed in the Quebec Court of Appeal seeking the annulment of the Sheppard Award issued 1st April, 2009. The appeal will be heard on 18th March, 2011. The Argument will be annexed to a material change report following upon this Release.

In another development, on 30th December, 2010, Canadian Royalties Inc. claimed arbitration regarding non-contribution to the aborted minebuilding of 2008.

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