Mr. Guy Bourassa reports

NEMASKA LITHIUM CONFIRMS 99.99% LITHIUM HYDROXIDE FROM 1,000 HOUR TEST AND CONFIRMS OPERATING AND CAPITAL EXPENDITURES FOR FEASIBILITY STUDY

Nemaska Lithium Inc. has provided an update on the 1,000-hour test of its patent-pending electrolysis process. The test was successfully completed on one configuration of electrolysis cells. This electrolysis configuration has been commercially used in the sodium chloride industry for decades. Chemically speaking, lithium behaves very similar to sodium in an electrolysis environment. The test ran as expected and provided feasibility-study-level information on life cycle of the electrolysis cell membranes and its optimal operating current density and current efficiency.

During the course of the 1,000-hour test, Nemaska Lithium produced a high-purity 99.99 per cent lithium hydroxide using material (lithium sulphate) sourced from its 100-per-cent-owned Whabouchi lithium deposit. In addition, the company produced 99.99 per cent lithium hydroxide from material (lithium sulphate) taken from other sources. This purity far exceeds the specification of most manufacturers of lithium cathode materials for lithium ion batteries.

Lithium hydroxide is emerging as the preferred chemical for new lithium ion batteries rather than traditional lithium carbonate. This is due to its longer life cycle, better power density and enhanced safety features. Currently, manufactures of lithium carbonate supply the battery market with product that has 99.95-per-cent purity or less. Battery cathode manufacturers design around the impurities found in lithium carbonate produced through traditional methods. Nemaska believes its ability to supply a superior product (lithium hydroxide at 99.99-per-cent purity) presents a significant opportunity to change battery specifications and ultimately take market share from existing suppliers.

Guy Bourassa, president and chief executive officer of Nemaska Lithium, commented, "Our technology produces a very high-quality lithium hydroxide product because we remove other metals and impurities before entering the electrolysis system." He continued: "We have produced the highest-quality lithium hydroxide with a vision of being a low-cost producer. This will be further addressed in the upcoming feasibility study which we are targeting to release at the end of this month. The lithium market remains strong and recent announcements by automotive manufacturers such as Tesla suggest the demand for lithium will continue to grow well into the future."

We seek Safe Harbor.