Nemaska Lithium Inc.
TSX VENTURE : NMX
OTCQX : NMKEF

Nemaska Lithium Inc.

February 20, 2015 12:34 ET

Nemaska Lithium Announces the Closing of the Maximum Offering Under its Prospectus Supplement no. 5

QUÉBEC, QUÉBEC--(Marketwired - Feb. 20, 2015) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) announces today that it has completed the second and last tranche of its offering pursuant to its Prospectus Supplement no. 5 dated January 30, 2015 (the "Supplement no. 5") by the issuance of 5,000,000 units (the "Units"), at a price of $0.20 per Unit, for a total gross proceeds of $1,000,000, finalizing a $2,000,000 offering, the first tranche of which was closed last February 4, 2015.

Each Unit consists of one common share of the Corporation (a "Common Share") and one-half of one Common Share purchase warrant. Each whole Common Share purchase warrant entitles its holder to purchase one Common Share at a price of $0.28 at any time prior to 5:00 p.m. (Montreal time) on the date that is 24 months following the closing date.

The Corporation intends to use the net proceeds of the offering and other available funds for general working capital and administrative expenses as well as for Phase 1 plant detailed engineering.

In connection with the second tranche of the offering, the Corporation paid an aggregate cash commission of $50,000 as finder's fees.

The Corporation filed the Supplement no. 5 to the Short Form Base Shelf Prospectus dated March 4, 2013 with the securities regulatory authorities in each of the Provinces of Québec, Ontario, Alberta and British Columbia in connection with the offering. A copy of the Supplement no. 5 may be obtained on request without charge from the President, Chief Executive Officer and Secretary of Nemaska by emailing info@nemaskalithium.com or directing a request to the Corporation's head and registered offices located at 450 de la Gare-du-Palais Street, 1st Floor, Québec, Québec, G1K 3X2, telephone: 418 704-6038, Attn: President, Chief Executive Officer and Secretary, or it can be found electronically at www.sedar.com.

The securities have not been registered under the United States Securities Act of 1933 (the "Act") or any state securities laws and may not be offered or sold absent registration under the Act and applicable state securities laws or an applicable exemption from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption there from.

About Nemaska

Nemaska intends to become a lithium hydroxide and lithium carbonate producer based in Québec and has filed patent applications for its proprietary methods to produce these compounds. In tandem, the Corporation is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Spodumene concentrate produced at Nemaska's Whabouchi mine and from other global sources will be shipped to the Corporation's lithium compounds processing plant to be built in Salaberry-de-Valleyfield, Québec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate mainly for the growing lithium battery market.

Neither 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 release.

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.

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