Nemaska Continues to Report Wide High-Grade Intersections from Whabouchi Lithium Project

QUEBEC CITY, QUEBEC--(Marketwire - April 11, 2011) - Nemaska Exploration Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX) (OTCBB:NMKEF) (FRANKFURT:NOT) is pleased to announce further results from 5 additional holes of its drill program recently completed on its 100% owned Whabouchi project. In total 8,633 metres have been drilled in 41 holes. The results continue to illustrate the width and high-grade of the main mineralized zone. Highlights include: 45.9 m at 2.13% Li₂O, 85.0 m at 1.69% Li₂O and 63.8 m at 1.44% Li₂O.

"These results are part of our in-fill drill program, aimed at upgrading our existing resource as we move our project towards the feasibility stage," commented Mr. Guy Bourassa, President and CEO. "We expect to have a steady flow of results to report to the market over the next months with a goal of having an updated resource estimate out by end of May."

The intersections from the next 5 holes are as follows:

The Company has reported the intersection lengths as well as the best estimates of the true widths given the current understanding of the geology. The drill holes were done at an average azimuth of 330 degrees and a dip of 50 degrees. The pegmatite bands have generally an azimuth of 060 degrees and a South-East dip of 70 degrees to 80 degrees.

All samples have been shipped to the Table Jamésienne de Concertation Minière ("TJCM") in Chibougamau, Quebec, for preparation process: inventory, drying, weigh, crushing, split and pulverization. The pulverized portions were then sent by secured courier to either the laboratory of SGS Mineral Services in Don Mills, Ontario ("SGS"), or to the ALS Chemex facilities in North Vancouver, British-Colombia ("ALS"), for lithium, beryllium and rubidium analysis by Inductively Coupled Plasma methods. These laboratories are recognized by the industry and accredited ISO/MEC 17025 by the Standards Council of Canada. In addition to the quality assurance and quality control ("QA/QC") employed by SGS and ALS, Nemaska develops a rigorous QA/QC protocol for its operators, including the insertion of analytical standard samples, duplicates and coarse silica blanks on a systematic basis. To determine the QC warning, ±2x Std. Dev., and QC failure ±3x Std. Dev. were used. QC results did not highlight any significant analytical bias.

The technical sections of this press release have been prepared by Yvan Bussières, P. Eng and reviewed by Yves Caron, M.Sc., P. Geo., qualified persons as defined in National instrument 43-101.

About Nemaska

Nemaska Exploration Inc. is a mineral exploration company involved in the James Bay region of Quebec. Its main assets are the Whabouchi (about 1,716 hectares), Lac Levac (about 9,200 hectares), Lac Arques (about 39,470 hectares), and Lac des Montagnes (about 12,740 hectares) properties, all 100 % owned. These properties are contiguous and cover about 85 km of the Lac des Montagnes green belt polymetallic formation. They are easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and are located near the Cree community of Nemaska and the Némiscau airport.

The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.