Company Nearctic Nickel Mines, Inc.

Nearctic Nickel Mines Inc. (NNMI), formerly Ungava Minerals Corp., is an exploration-stage company. Pursuant to an Agreement dated January 20, 1995, the Company acquired, through a subsidiary Ungava Mineral Exploration Inc. (UMEI), a 100% working interest in mineral rights to approximately 170 square kilometers of land located in the Ungava area of Ruperts Land, Quebec (the Property). As of August 31, 2008, the Company had not earned any revenue from extraction activities. In February 2007 the Company organized a wholly owned subsidiary, Ungava Mines Inc. (Mines). In March 2007, the Company transferred its wholly owned subsidiary, Ungava Mineral Exploration Inc., to Mines. On August 22, 2007, through a series of transactions, the Company acquired control of Byron Americor Inc.