Exhibit 99.1
News release via Canada NewsWire, Toronto 416-863-9350
Attention Business Editors:
Ungava Mines Inc. - Litigation Update
<<
Issued and Outstanding
94,656,310 Common Shares
>>
TORONTO, June 4 /CNW/ - Ungava Mines Inc. (OTCBB: UNGVF) (the "Company")
advises that Canadian Royalties Inc. "CRI" has filed a motion to homologate
the Sheppard Decision of April 1, 2009 with the Superior Court of Quebec. The
Company's parent, Nearctic Nickel Mines Inc. "Nearctic" and the Company's
subsidiary, Ungava Mineral Exploration Inc. "UMEI", intend to contest that
motion. They have responded by filing their own motion that the Sheppard
Decision be annulled.
As the Sheppard Decision has not been validated through homologation, the
Ministry of National Resources did not and apparently will not act on CRI's
request for the immediate transfer of a 10% interest in the Expo Ungava
Property.
As the 10% interest which is the subject of the Sheppard Decision has not
been transferred, the Company, through UMEI, owns a 30% interest in the Expo
Ungava Property and CRI a 70% interest. The parties remain in the option phase
under the Agreement of January 12, 2001 and the joint venture phase has not
begun. The Company expects that this will remain the case until the motions
for homologation and annulment are finally adjudicated.
Caution Concerning Forward-Looking Statements
The information in this news release includes certain information and
statements about management's view of future events, expectations, plans and
prospects that constitute forward looking statements. These statements are
based upon assumptions that are subject to significant risks and
uncertainties. Because of these risks and uncertainties and as a result of a
variety of factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and indicated by
these forward looking statements. Although Ungava Mines Inc. believes that the
expectations reflected in forward looking statements are reasonable, it can
give no assurances that the expectations of any forward looking statements
will prove to be correct. Except as may be required by applicable securities
laws, Ungava Mines Inc. disclaims any intention and assumes no obligation to
update or revise any forward looking statements to reflect actual results,
whether as a result of new information, future events, changes in assumptions,
changes in factors affecting such forward looking statements or otherwise.
%CIK: 0001041019
/For further information: Paul Vorvis, President, Ungava Mines Inc.,
Telephone No: (647) 345-6394/
(UGVMF)
CO: Ungava Mines Inc.
CNW 15:44e 04-JUN-09
