Nunavik Nickel Mines Announces Shareholder Meeting Results

| JUNE 28, 2016

Val-d’Or, Québec — Nunavik Nickel Mines Ltd. (TSX-V:KZZ; “Nunavik Nickel” or the “Company”) announces the results of its annual general and special meeting of shareholders held in Montréal, Québec, on June 27, 2016.

At the meeting, shareholders elected four incumbent directors, being Glenn J. Mullan, Andrew T. Pepper, Michael Wilson and C. Jens Zinke, and appointed MNP LLP as the Company’s auditor for the ensuing year.

Shareholders also approved (by disinterested vote) the adoption and implementation of a Restricted Share Unit Plan (the “RSU Plan”), which will be adopted and implemented by the Company’s Board upon receipt of acceptance by the TSX Venture Exchange. The RSU Plan provides that restricted share units may be granted by the Company’s Compensation and Corporate Governance Committee to executive officers, directors, bona-fide full or part-time employees and consultants as a bonus or similar payment in respect of services rendered or otherwise as compensation, including as an incentive for future performance. At the time share units are granted to a participant under the RSU Plan, the Committee will determine any time-based or other conditions as to the vesting of the share units. The expiry date for the share units will be the third anniversary of the date of grant. The aggregate number of common shares issuable pursuant to share units granted under the RSU Plan will not, at any given time, exceed 1,288,199 common shares. Nunavik will be making a submission to the TSX Venture Exchange for acceptance of the RSU Plan, and assuming receipt of Exchange acceptance, the RSU Plan will be adopted and implemented by the Board.

Further, shareholders approved termination of the Company’s previously adopted Shareholder Rights Plan Agreement, in light of the new takeover bid legislation that recently came into effect, and gave annual approval of Nunavik’s 10% rolling stock option incentive plan in accordance with the requirements of the TSX Venture Exchange.

The Shareholders Rights Plan will terminate effective June 27, 2016.

Following the shareholder meeting, the Board reconstituted its Audit Committee and its Compensation and Corporate Governance Committee and reappointed officers for the ensuing year as follows:

Chair: Glenn J. Mullan
President & Chief Executive Officer: Dr. C. Jens Zinke
Chief Financial Officer & Corporate Secretary: Daniel Poisson

Following consultation and upon reaching agreement with the various option holders, Nunavik’s Board has determined to cancel previously granted incentive stock options exercisable at $0.20 per share until July 24, 2017, which entitled the purchase of an aggregate 675,000 common shares.

About Nunavik Nickel Mines Ltd.
Nunavik Nickel Mines Ltd. holds title to the Fortin Property, the Marymac Prospect, the Shoot Out Prospect (East and West combined) and the Donnybrook and Overtime Claims, which were previously held by Golden Valley Mines Ltd., and may acquire and generate other nickel ventures in Canada and elsewhere.

For additional information, please contact:

Jens Zinke
President & Chief Executive Officer 2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
Tel.: 819-824-2808

Forward Looking Statements:

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.