May 11, 2011 08:59 ET

eResearch Issues Initiating Report on Nemaska Exploration Inc.

TORONTO, ONTARIO--(Marketwire - May 11, 2011) - Nemaska Exploration Inc. (TSX VENTURE:NMX) is a junior mining exploration company with five properties, two lithium and three non-lithium, in northern Quebec.

Nemaska is in the process of spinning off its non-lithium assets into a separate company while, at the same time, it is building on its relationship with its strategic partner, China's Tianqi Group, which could jump-start Nemaska's lithium business in China. Meanwhile, Nemaska is focused on bringing its Whabouchi lithium property, which is one of the world's largest lithium deposits, into production by 2013. Tianqi could provide needed financing for this endeavour.

We are initiating coverage of Nemaska with a Speculative Buy rating, and a Target Price of $0.95. The shares are suitable only for risk-tolerant investors.

This Press Release was prepared by eResearch and was not vetted by Nemaska Exploration Inc. Further, the Recommendation and Target Prices contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Nemaska Exploration Inc.

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential for reaching millions of global investors through our extensive electronic distribution network.

Nemaska Exploration Inc. paid eResearch a fee to conduct research on the Company, on an Annual Continuous Coverage basis.

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