To: Jean East who wrote (8210 ) 11/17/2003 11:28:31 AM From: Jean East Respond to of 39145 Non mais, va-t-il y avoir une fin..?? Canadian Royalties Inc (C-CZZ) - News Release Ungava files new claims against Cdn Royalties Canadian Royalties Inc CZZ Shares issued 36,194,567 Nov 14 2003 close $ 2.09 Monday November 17 2003 News Release See Ungava Minerals Corp (C-UNGV) News Release Mr. Lorne Albaum of Ungava Minerals reports UNGAVA MINERALS CORP. SEEKS FURTHER ARBITRATION AGAINST CANADIAN ROYALTIES INC. Ungava Minerals has delivered a notice to Canadian Royalties, in which it claims an arbitration concerning Canadian Royalties's breaches of fiduciary and other duties, in failing to disclose relevant information and documentation to Ungava in disclosing false and misleading information and documentation to Ungava, and in allowing parties, for which it is responsible, to provide false and misleading evidence and testimony in the course of the 2002 arbitration proceeding between the parties. Ungava, in its news release in Stockwatch dated Sept. 22, 2003, informed shareholders of some recently discovered information relating to a report prepared in 1998 regarding exploration of another mineral property, in the course of which sampling occurred, as a result of a trespass onto Ungava's property. The new evidence, which includes as well the fact that a false and misleading version of the said report was produced by Canadian Royalties in satisfaction of an undertaking given in the course of the 2002 arbitration, will be relevant in the pending action in Ontario, where Ungava has delivered a counterclaim and where Canadian Royalties seeks to avoid having to respond by claiming res judicata in respect of the 2002 arbitration award (the strike motion). Ungava's application to have the new evidence admitted has been denied erroneously in Ungava's submission and Ungava is seeking leave to appeal the decision not to admit the new evidence on the strike motion. The new evidence is also relevant to the question of whether the Quebec Superior Court will consider it a reason to annul the homologation order of that court, which gives authority to the 2002 arbitration award. Ungava has filed a petition for such annulment. The new evidence will be relevant on the strike motion in the Ontario action, whatever the outcome of the petition for annulment. Annulment of the homologation order would merely set aside the arbitration award and not provide any redress to Ungava for Canadian Royalties's breaches of duty relating thereto. Canadian Royalties has claimed arbitration to obtain the vesting of a 70-per-cent interest in Ungava's property for reason of its expenditures on the property. The new evidence is not relevant to the issue in arbitration No. 2. Accordingly, as the new evidence is probative of a series of breaches of fiduciary and other duties by Canadian Royalties, which have given rise to harm, on Friday, Nov. 14, 2003, Ungava gave notice to Canadian Royalties of arbitration in which it claims relief for such breaches, including the termination of the option agreement of Jan. 12, 2001. Attached to the material change report to be filed in connection with this news release will be the decisions of Master Haberman and Justice Spiegel regarding Ungava's motion for admission of the new evidence to be heard in the strike motion, the notice of seeking leave to appeal, and the notice of arbitration dated Nov. 14, 2003. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com old url (better for printing)