Nemaska Lithium Conditionally Approved for TSX Listing its Shares

QUEBEC CITY, QUEBEC--(Marketwired - June 15, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX) (OTCQX:NMKEF) is pleased to announce that Toronto Stock Exchange ("TSX") has conditionally approved the listing of the common shares of the Corporation (the "Shares"). Listing of the Shares is subject to compliance by the Corporation with all of the requirements of TSX on or before September 8, 2016.

Listing will be subject to review by TSX on the basis of any change in the information provided in the TSX listing application including the principal listing document, being the Corporation's preliminary prospectus filed on June 9, 2016 for an offering of Shares for a minimum of $50 million (the "Offering")

The root stock symbol "NMX" has been reserved for use by the Corporation upon closing of the Offering and listing on TSX which are expected to occur concurrently.

This press release does not constitute an offer of securities for sale in the United States or to "U.S. persons" ("U.S. persons"), as such term is defined in Regulation S promulgated under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.

About Nemaska

Nemaska intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market. The Corporation is developing in Québec one of the most important spodumene lithium hard rock deposits in the world, both in terms of volume and grade. The spodumene concentrate produced at Nemaska's Whabouchi mine will be shipped to the Corporation's lithium compounds processing plant to be built in Shawinigan, Québec. This plant will transform the spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the Corporation, and for which patent applications have been filed.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements contained 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.