Mr. Guy Bourassa reports

NEMASKA ANNOUNCES A FINANCING BY WAY OF SHORT FORM PROSPECTUS

Nemaska Lithium Inc. has filed a preliminary short form prospectus in connection with a proposed offering of common shares of the corporation for minimum aggregate gross proceeds of $50-million and maximum aggregate gross proceeds to be determined in the context of the market. The offering will be conducted on a best-efforts basis through Dundee Securities Ltd., acting as lead agent, and including Cormark Securities Inc., CIBC World Markets Inc., GMP Securities LP, Desjardins Securities Inc., Echelon Wealth Partners Inc. and Jett Capital Advisors LLC.

The offering will be priced in the context of the market with the final terms of the offering to be determined at the time of pricing. The offering is subject to certain customary conditions and regulatory approvals and the entering into by the corporation and the agents of an agency agreement. The corporation has applied to list the common shares on the TSX Venture Exchange. Listing will be subject to the corporation fulfilling all the listing requirements of the TSX-V. However, the corporation has also filed an application to graduate to the Toronto Stock Exchange to have all of its issued and outstanding common shares, including the common shares offered pursuant to the prospectus, listed on the TSX, upon closing of the offering. Listing of the common shares on the TSX would be subject to approval by the TSX of the corporation's listing application and fulfilment by the corporation of all the listing requirements of the TSX. As at the date of the prospectus, the corporation has not yet obtained conditional approval for listing on the TSX. Should the common shares be listed on the TSX upon the closing of the offering, they would be concurrently delisted from TSX-V.

The corporation intends to use the net proceeds of the offering for engineering fees in relation to the Whabouchi mine and concentrator and the Shawinigan hydromet plant, down payments for long-lead items, drilling, and for general working capital purposes.

The offering is being made pursuant to a short form prospectus in each of the provinces and territories of Canada. A copy of the preliminary short form prospectus is available on SEDAR.

We seek Safe Harbor.