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NUNASI AND ATCO WRAP BUILDINGS IN ARCTIC WINTER GAMES PAGEANTRY

YELLOWKNIFE, NWT – The ATCO Group of Companies and Nunasi Corporation celebrated the pageantry of the upcoming 2008 Arctic Winter Games Thursday by wrapping company buildings in the host city with colorful sports signage.

Nancy Southern, President and Chief Executive Officer, ATCO Group, said at a ceremony the displays will build enthusiasm for the Games and showcase the corporation’s long-standing commitment to both major sporting events and the North.

“In 122 days the 2008 Arctic Winter Games are returning to the city where they were first held in 1967 and ATCO wants to engage our people and all people of the North in celebrating this great Canadian sporting event,” said Ms. Southern. “Our colourful signage reflects the sports, the culture and ATCO’s commitment to the North and the success of these Games.”

The buildings are the Nunasi Corporation building, (5109 48th Street) where the Arctic Winter Games Host Society is head quartered as well as ATCO Frontec offices. The ATCO building on Range Lake Road that is home to Northland Utilities is also wrapped to celebrate the spirit of the Games, which are expected to attract 1850 participants next March 9-15.

“It is very exciting to be a part of something so important not only for the community of Yellowknife but for all of the North,” said Fred Hunt, President and CEO of Nunasi Corporation, “The artwork on our building is only one way that we are getting ready to welcome our guests next year”.

ATCO Group is an Alberta based, worldwide organization of companies with more than 7,000 employees actively engaged in Power Generation, Utilities, and Global Enterprises & Industrials. More information about ATCO can be found on its website, www.atco.com.

Nunasi Corporation is a special corporate body established for the benefit of its Inuit shareholders. Nunasi’s uniqueness is based on the tempering of bottom line considerations with concern for its shareholders, environmental, cultural and social well being. More information about Nunasi Corporation can be found at www.nunasi.com.

For further information, please contact:

Nancy Southern
President & Chief Executive Officer
ATCO Group
(403) 292-7561

Fred Hunt
CEO & President
Nunasi Corporation
(867) 920-4587

NUNASI CORPORATION ANNOUNCES DIVIDEND TO SHAREHOLDERS

Yellowknife — September 20, 2007 — The Board of Directors of Nunasi Corporation announced the release of its largest Dividend ever, $1,265,020.20 to the Shareholders of Nunasi Corporation. All Inuit who are enrolled under the Nunavut Land Claims Agreement are shareholders. This Dividend will be paid to the Nunasi Trust who represents the shareholders,for distribution to the three Regional Inuit Associations (RIA) in Nunavut:

• Qikiqtani Inuit Association
• Kitikmeot Inuit Association
• Kivalliq Inuit Association

Mr. Peter Tatty, Chairman of the Board, made the announcement on behalf of the Board and added that:

“We are proud to have accomplished yet another successful year within the Nunasi group of companies, our mission statement has allowed us to maximize benefits to our Shareholders by declaring a healthy and significant dividend.We look forward to seeing the very positive activities that occur at the community level because of this achievement made possible by the success of Nunasi Corporation.”   

Mission statement
Nunasi Corporation is a special corporate body established for the benefit of its Inuit Shareholders. Nunasi’s uniqueness is based on the tempering of bottom line considerations with concern for its shareholders environmental, cultural and social well being.

For more information on the dividend expenditure in your region, please contact your Regional Inuit Association:

For more info:
Fred W. Hunt, President/CEO or Malaya Rheaume, Executive Assistant
Nunasi Corporation, Suite 301, 5109-48th Street,
Yellowknife, NT X1A 1N5
Tel: (867) 920-4587
Fax: (867) 920-4592
E-mail: fred@nunasi.com

TEAM CANADIAN NORTH HITS $10,000 TARGET AT NATIONALS

Team Canadian North players had more than 10,000 reasons to cheer at the Canadian Squash Championships in Calgary on Saturday as the first-ever Squash Hunger campaign successfully reached its $10,000 fundraising goal, and one of the North’s top players battled for a national title.

Jessica Patterson, a 25-year-old Iqaluit-born player who picked up her first racquet in 2001, narrowly missed capturing her first national Women’s “A” title, losing 9-2, 9-7, 9-7 to Danielle Letourneau of Calgary in the final.

“I lost a tough match, but it was still a great way to finish the tournament,” says Patterson, who was a Team Canadian North co-captain and one of this year’s top fundraisers. “The entire team played hard and I was really proud of how we represented the North in Calgary.”

Following a month of fitness training and fundraising, Team Canadian North players combined to win 476 points at the Championships, more than enough to reach this year’s $10,000 fundraising target.

With every point won at the nationals, a donation is being made to Food First Foundation, the NWT and Nunavut arm of Breakfast for Learning, a national non-profit organization that raises funds to support healthy breakfast, lunch and snack programs in schools across Canada.

“We couldn’t ask for a better finish to this year’s campaign,” says team Co-Captain James Pugsley, who has spent the past two weeks in discussions with Squash Canada about the possibility of expanding the Squash Hunger effort in 2008.

“Squash Hunger got a lot of attention in Calgary, and with the help of Breakfast For Learning and Squash Canada, we have an opportunity to introduce a national campaign that can help kids across the country.”

Pugsley, who played three strong matches before being eliminated from the Men’s 30+ draw on Friday, has been invited to present a national Squash Hunger strategy at Squash Canada’s annual general meeting in Winnipeg this June.

Dana Britton, Coordinator of Food First Foundation NWT, says reaching the $10,000 mark was an outstanding achievement for this newly-formed team. “It takes a lot of time and effort to make an initiative like Squash Hunger come together,” says Britton. “This group of volunteers really did something special and they, along with everyone who made a donation, have made a big difference for a lot of kids in the North.”

Currently Food First Foundation Grants are helping fund 20 healthy breakfast, lunch or snack programs across the NWT, providing food for over 1,500 students on a daily basis. In Nunavut, Food First financially supports eight school programs daily providing healthy breakfasts for nearly 1,600 students.

Britton says it costs on average just $2 to feed a student a nutritious meal through a school program in the NWT, and just $3 in Nunavut.

Shahier Razik of Toronto won the tournament, defeating Matthew Giuffre of Edmonton 3-0 (11-7, 11-4, 11-7) to claim a second straight national title. On the women’s side, Alana Miller of Winnipeg defeated Runa Reta of Ottawa by a score of 3-0 (9-1, 9-0, 9-1) to win her first championship since 2004.

Allan Cook was the top male player on Team Canadian North, finishing 5th in the Men’s “A” Division after an impressive 5-1 record over four days.

Team Canadian North is proudly sponsored by Canadian North, Nunasi Corporation, Coast Plaza Hotel and Conference Centre in Calgary and the Black Knight Pub.

For More Information:

James Pugsley
Captain
Team Canadian North
Yellowknife (867) 669-0863 / Coast Plaza Hotel (403) 248-8888
e-mail: greenlight@theedge.ca

Dana Britton
Coordinator
Food First Foundation, NWT
Yellowknife (867) 873-8403 / Coast Plaza Hotel (403) 248-8888
e-mail: coordinator@foodfirst.ca

NORTERRA ACQUIRES LOGISTICS COMPANY TO COMPLEMENT EXISTING TRANSPORTATION PORTFOLIO

NorTerra Inc. has reached an agreement to acquire Braden Burry Expediting (BBE). BBE is a northern logistics company and will complement NorTerra’s existing transportation portfolio.
Since 1977, BBE has become a significant presence on the logistics scene, by connecting industry with the Northwest Territories and Nunavut. “We were pleased when BBE approached NorTerra to begin discussions about the sale of the company. They recognized that we had compatible business objectives, and given our history in the north, we are happy to be adding BBE to our portfolio,” explained NorTerra President, Carmen Loberg. “There’s potential here for us to build on the good work that has been done by BBE and to expand the company into other parts of Western Canada,” he said.

The current President and CEO, Gord Stewart, has built a company committed to the growth of BBE clients, their employees and the communities they serve. “For over thirty years, we have been in the business of expanding and enhancing our service to clients. We remain dedicated to assisting industry to connect efficiently and effectively with – and within -- the north. Our sale to NorTerra allows that vision to continue, and ensures that our northern focus is maintained. This is a win-win business transaction,” concluded Stewart.

For more information, please contact:

Patrick Schmidt, Vice President
Business Development, NorTerra
Phone: (780) 423-9252

Gordon Stewart
President and CEO, BBE
Phone: (867) 766-8670

Click here for BBE Backgrounder.

NORTERRA ACQUIRES NORTHERN INDUSTRIAL SALES TO BECOME LARGEST PROVIDER OF INDUSTRIAL SUPPLIES NORTH OF 60

Monday, April 2, 2007 - NorTerra Inc. has reached an agreement to acquire Independent Industrial Supply of north central British Columbia, Northern Industrial Sales of western British Columbia and the Northern Metalic Sales branches located in the Northwest Territories and the Yukon. Derek Wilson, former owner of Independent Industrial Supply becomes President of the merged companies that will continue to operate and be known as Northern Industrial Sales.

This merger and acquisition, sees the NorTerra Group of Companies diversifying into the industrial supply sector, a move that is entirely compatible with its business objectives. “Northern Industrial Sales is a great fit for us and we look forward to working with our new partners, customers and suppliers to ensure that we meet the emerging needs of the North,” explained NorTerra President, Carmen Loberg. “This acquisition represents positive news for our owners, the Inuvialuit Development Corporation (IDC) and the Nunasi Corporation (Nunasi), and in turn good news for the people of Canada’s Arctic,” he commented.

Northern Industrial Sales will have BC branches in: Prince George, Terrace, Chetwynd, Prince Rupert and Quesnel and Northern branches in: Whitehorse, Hay River, Yellowknife, Norman Wells, Inuvik, Watson Lake, and Dawson City. “This larger company will mean that our customers will see the advantages of volume purchasing, and other efficiencies of scale without losing the personal service and local insights that have made the companies successful to date. We remain committed to offering service that is professional, prompt, and infused with local knowledge. Understanding the needs of the North and the needs of our customer, suppliers and partners will be our way of remaining competitive and profitable,” explained Derek Wilson.

After decades of business success with Northern Metalic Sales in the Yukon and Northwest Territories, owner Don Cox agrees that understanding the unique needs of Northern industries, and the particular challenges of working in remote areas in a harsh climate will remain key to Northern Industrial Sales’ success going forward. “We kept our Northern values at the centre of our business decisions and work ethic. Selling to a Canadian organization that understands the needs of these communities was important to me. NorTerra was a great fit because of its track record and reputation in this part of the world. I wish the new entity every success,” commented Cox.

For more information, please contact:
Carmen Loberg
President, NorTerra
Phone: (780) 423-9272

Patrick Schmidt, Vice President
Business Development, NorTerra
Phone: (780) 423-9252

Derek Wilson, President
Northern Industrial Sales
Phone: (250) 562-4435

Click here for NIS Backgrounder.

QIKIQTAALUK AND NUNASI CORPORATION ANNOUNCE JOINT VENTURE

November 6, 2006 – Qikiqtaaluk Corporation and Nunasi Corporation are pleased to announce the acquisition of Frobuild Construction Ltd. The acquisition will be effective December 15, 2006 and the business will operate under a new company called Frobuild (2006) Ltd.

“We are very pleased to acquire this long-time northern business from Jacques Belleau and Rebecca Veevee who have decided to retire. Both Qikiqtaaluk and Nunasi are committed to continuing to provide the same outstanding service to residents of Iqaluit and Nunavut that they have received from Frobuild Construction Ltd. in the past,” says Peter Keenainak, President of Qikiqtaaluk Corporation.

Frobuild (2006) Ltd. will be a building materials supplier with a lumber yard in Iqaluit and a packaging and marshalling operation in Quebec City during the sealift season. It also manufactures out of Iqaluit a variety of products for the construction industry. The new company will be assisted in the transition by Jacques Belleau as consultant to the new ownership with the support of the existing management team including: Randy Grant (General Manager), Jim Bleackley (Store Manager), and David Lucassie (Assistant Store Manager).

Both Qikiqtaaluk Corporation and Nunasi Corporation have established businesses and vast experience in Iqaluit and Nunavut. “We are well positioned to ensure that residents of the territory continue to receive quality products and services from a team they are familiar and comfortable with,” says Nunasi President Fred Hunt. “This acquisition also further strengthens both of our corporations and ensures that we continue to play a key role in helping to secure the economic future of Nunavut.”

The two corporations are also committed to continuing to identify and seek out additional opportunities for them to work together. “We share a common vision of wanting to ensure that we create a strong and vibrant business community in Nunavut and it is important for Inuit organizations and companies to work together for maximum benefit,” says Qikiqtaaluk Corporation President Peter Keenainak.

Contact:
Peter Keenainak
President
Qikiqtaaluk Corporation
Phone: (867) 979-8400

Lynn Kilabuk
Vice-President
Qikiqtaaluk Corporation

Fred Hunt
President
Nunasi Corporation
Phone: (867) 920-4587

Joe Enook
Vice-President
Nunasi Corporation

NUNASI CORPORATION ANNOUNCES DIVIDEND TO SHAREHOLDERS

Yellowknife — September 15, 2006 — Today, the Board of Directors of Nunasi Corporation announced the release of $733,000 as a Dividend to the Shareholders of Nunasi Corporation. This Dividend will be paid to the Nunasi Trust for distribution to the three Regional Inuit Associations (RIA) in Nunavut:

• Kivalliq Inuit Association
• Kitikmeot Inuit Association
• Qiqiqtani Inuit Association

After Nunasi Trust allocates the dividend, it will work with the RIAs to support the expenditure of funds in a manner that maximizes benefits to Shareholders. RIAs support the development, protection, administration and advancement of Inuit people and work to promote their economic, social, political and cultural well being. They currently focus on activities related to Education, Training, Health, Inuit History, the Environment, Heritage, Conservation, Traditional Knowledge, Language, and support for Elders.

Mr. Peter Tatty, Chair of the Nunasi Board of Directors, made the announcement on behalf of the Board and added that:

“This is what we all work for – the opportunity to provide significant benefits to our shareholders. With our Regional Inuit Association partners, the Nunasi Board is honoured and proud to offer this dividend. We look forward to seeing the very positive activities that occur at the community level because of this achievement made possible by the success of our Nunasi Corporation.”

For more information please contact:
Fred W. Hunt
President/CEO
Nunasi Corporation
Suite 301, 5109-48th Street
Yellowknife , NT X1A 1N5
Direct line: (867) 766-6451
Fax: (867) 920-4592
E-mail: fred@nunasi.com

NTCL HONOURS THE LATE PAT LYALL

lTaloyoak, NU – In honour of the late Pat Lyall, the longest-serving member of the Board of Directors for the NorTerra Group of Companies, Northern Transportation Company Limited has changed the name of the marine vessel formerly called the MV Kitikmeot to the MV Pat Lyall.

The official re-naming ceremony will take place at Taloyoak on August 29, 2006 at 4:30 P.M. There will be a community feast immediately following the ceremony. Mr. Lyall served as Chairman, Vice-Chairman and Director of the Board of Directors from 1985, when NorTerra first purchased NTCL, until 2003. A well-known and respected Northern leader, he was tireless in his efforts to improve the lives of people throughout the North. He was involved with many business organizations set up to
encourage Northern development, among them: Nunasi Corporation, which, along with the Inuvialuit Development Corporation, owns NorTerra. Mr. Lyall saw community service as essential to Northern development and served many community organizations in the North.

“Pat Lyall made a tremendous contribution to the NorTerra Group of Companies and to the Northern community as a whole,” said Carmen Loberg, President of the NorTerra Group of companies. “He was a founding member of NorTerra, and had the vision to see that a business company could be a positive force for improving the lives of Northerners.”

“Re-naming this vessel in Pat Lyall’s memory will serve to remind all of us of his dedication to the North and to the people here,” said David Foster, president of NTCL. “He was a great supporter of NTCL and we are proud to be able to honour his memory in this way.”

Northern Transportation Company Limited, Canada’s oldest and largest northern tug and barge company, has been serving Northern communities for more than 70 years. Since 1985, the company has been owned by NorTerra Inc. which itself is owned equally by Nunasi Corporation of Nunavut and the Inuvialuit Development Corporation in the Northwest Territories.

For more information, please call:
Mr. David Foster
President
Northern Transportation Company Limited
Tel: (867) 874-5150
Cell: (780) 995-1762

NUNASI CORPORATION AND RYFAN ELECTRIC REACH JOINT VENTURE DEAL

August 21, 2006 – Nunasi Corporation and Ryfan Electric have reached agreement on a Joint Venture deal that includes the creation of Nunasi-Ryfan Construction Services, a company that will focus primarily on the provision of construction services to support mining development.

“This is a significant and exciting agreement for Nunasi and allows us to expand our interests across both Nunavut and the Northwest Territories while increasing the opportunity for training, skill development and employment,” says Fred Hunt, President & CEO of Nunasi. “Ryfan has a proven and solid reputation in the North and we look forward to furthering both of our interests in the future, particularly in light of the all the oil and gas and mining development and exploration work currently underway.

As part of the joint venture agreement the two organizations will identify and capitalize opportunities to amalgamate, strengthen and expand their work and services.

“In Nunasi we have a strong Aboriginal partner who have played, and continue to occupy, a critical role in the economic development of both the Northwest Territories and Nunavut,” says Ric Bolivar, owner of Ryfan Electric. “What this joint venture does is allow us to consolidate our business interests so that we can capitalize on future construction opportunities in the non-renewable resource industry.”

Nunasi, an Inuit birthright corporation and owned wholly by the Inuit of Nunavut, was established in 1976 to ensure that the people of Nunavut take their rightful place in the Canadian business world and to provide for future generations with greater control over the economy and commerce of Nunavut. The Corporation is involved in a number of interests including Nunasi-Canadian Helicopters, SecureCheck, Nuna Logistics, Top of the World Travel, and Canadian North Airlines.

Ryfan Electric has been in business in Yellowknife for 26 years and its interests include Ryfan Electric Ltd., Nexum Systems Ltd., NCV Industrial Ltd., Enviropower Inc, Ryfan Wind Inc. and CME North.

Contact:
Ric Bolivar
Ryfan Electric
Phone: (867) 765-6100

JORDIN TOOTOO JOINS NUNASI AND NORTERRA ON KIVALLIQ TOUR

Edmonton, AB (June 14, 2006) – Nunasi Corporation and NorTerra Inc. are pleased to announce that Jordin Tootoo will join representatives from both organizations on a tour through the Kivalliq region from June 26 - 30, 2006. The tour will highlight employment and career development opportunities with the two companies and to encourage Kivalliq youth to live healthy lives.

“Both Nunasi and NorTerra offer excellent employment and training opportunities in either its southern operations, NWT or Nunavut”, says Tootoo. “This is a great opportunity for youth in the Kivalliq to meet and hear from beneficiaries who are chosen to work for their own companies.”

The tour will begin June 26 th in Baker Lake and will move to Repulse Bay and Chesterfield Inlet the next day. This is the tour schedule:

• June 26 - Baker Lake
• June 27 - Repulse Bay and Coral Harbour
• June 28 - Chesterfield Inlet and Arviat
• June 29 - Whale Cove and Rankin Inlet
• June 30 - Rankin Inlet

“The NorTerra Group of Companies is pleased that Jordin could join us on this tour. It’s through his involvement that we promote employment and career opportunities and encourage and challenge youth to work hard and persevere so that they too can realize their dreams by making healthy choices.” Says NorTerra President Carmen Loberg. “It’s our pleasure to bring Jordin to speak to northern youth to create an awareness of the employment and training opportunities in our companies and benefits of a healthy lifestyle.”

Tootoo is the official spokesperson for both Nunasi and NorTerra and has played with the Nashville Predators in the Stanley Cup play-offs and is currently with the Milwaukee Admirals in the Calder Cup finals in the American Hockey League.

Nunasi CEO Fred Hunt says that they hope to make Kivalliq residents more aware of the opportunities available. “Nunasi and NorTerra have been strong partners in Nunavut’s economy providing jobs, skill development, education and supporting development for many years,” says Hunt. “This tour is a chance for us to highlight career opportunities, encourage youth to finish high school and then think about coming to train and work for one of our companies. Jordin’s involvement represents hope to youth across Nunavut and we are pleased that we can tour the region. Unfortunately we could not do it before schools closed for the year but we are also happy that Jordin’s team Milwaukee Admirals made it to the Calder Cup Finals.

Contacts:
Christy Brewster
NorTerra Inc.
Telephone: 867-669-4006

Malaya Rheaume
Nunasi Corporation
Telephone: 867-920-4587

LOGO AND THEME ANNOUNCED FOR 2008 AWG GAMES!

For Immediate Release - February 26, 2006

(Yellowknife, NT) Announcing the theme for the 2008 Arctic Winter Games on Saturday, and unveiling their new logo, the 2008 Arctic Winter Games Host Society created a big buzz of excitement at Centre Square Mall!

Lead by a piper from the NWT Pipe Band, and flanked by two RCMP in Red Serge, a delegation of 50 Host Society volunteers in bright red jackets marched through the mall, to a podium and stage, decorated with balloons and banners showcasing the new 2008 theme and logo.

“The theme chose for 2008 and released to the public today is Northern Stars – Inspired by Dreams,” said Cathie Bolstad, President of the 2008 Host Society to about 200 people gathered around to get in on the excitement.

She noted that the theme recognizes that the Arctic Winter Games began as a dream, inspired by dedication and hard work of athletes from remote communities as they worked to place themselves among the stars.

“The Arctic Winter Games have provided a strong competitive training ground for northern stars who have gone on to pursue and achieve their dreams – in sport – and in life,” she said.

She also noted that the games give every northern athlete, coach, parent and volunteer around the circumpolar world today a chance to realize a dream – whether it is coming from a small community to see and experience a larger centre or to make new friends, or to become a star – taking home a bronze, silver or gold ulu to celebrate success.

Mayor Van Tighem was there to join the celebration and noted that everyone in the city should become involved. “ Our city has changed so much since 1970 when the games were first held here,” he said. “Hosting the 2008 Arctic Winter Games presents us with an incredible opportunity to showcase our community and this will be the biggest and the best homecoming celebration ever!”

The Host Society estimates it will cost $4.5 million to host the 2000 participants in the games. Close to $3 million dollars will be fundraised over the next two years. The Nunasi Corporation was announced as the first major sponsor on Saturday. The Nunasi Corporation is contributing the building space and operations expenses to house the Host Society Office until June 2008. The value of their contribution amounts to $200,000.00 of goods and services in-kind.

The 2008 Arctic Winter Games will be held March 9 – 15 th in Yellowknife.

For more information, contact:
Dave Hurley
General Manager
Arctic Winter Games Host Society
Telephone: 867-765-2950