Mr. Guy Bourassa reports

NEMASKA LITHIUM RECEIVES POSITIVE FEDERAL ENVIRONMENTAL ASSESSMENT DECISION FOR WHABOUCHI PROJECT

Nemaska Lithium Inc. has received a positive federal environmental assessment decision for the Whabouchi project from the Minister of Environment of Canada. The decision is the most significant permit for mining projects in Canada and allows Nemaska Lithium to pursue project financing discussions to start mine construction. The company is expecting the certificate of authorization from the provincial (Quebec) government to be issued by the end of August, 2015.

"The positive decision issued by the Canadian Minister of Environment, following comprehensive social and environmental review, reflects our commitment to build an environmentally and socially responsible mine site," commented Simon Thibault, director, environmental and social responsibility, for Nemaska Lithium. "The Crees and Jamesians have backed our project since its inception, and we are delighted to see the federal government has approved our project after careful consideration of community input."

In compliance with the Canadian Environmental Assessment Act (CEAA 2012), an environmental assessment was completed for the Whabouchi mine project. The environmental assessment process was conducted under the responsibility of the Canadian Environmental Assessment Agency. The agency accounted for the general public's comments, including the observations made by the Cree Nation of Nemaska, and those of the federal ministries. Nemaska Lithium tabled its environmental impact statement in March, 2013, and the agency held public hearings in November, 2013. Nemaska Lithium also provided the agency with additional information over the course of 2014 to reflect the modifications to the mine site that were included in the feasibility study of June, 2014. Following a comprehensive assessment of the Whabouchi mine project, the Canadian Minister of Environment decided that the project is not likely to cause any significant adverse environmental effects, and set out in her decision statement the conditions relative to the mitigation measures and monitoring program to be respected by Nemaska Lithium.

Throughout the life of the project, Nemaska Lithium has maintained a constant dialogue with stakeholders, including the members of the Cree Nation of Nemaska, to develop a mining project that is socially and environmentally acceptable. It is committed to continue doing so in accordance with the conditions listed in the minister's decision statement, as well as with the Chinuchi agreement it signed in November, 2014, with the Cree Nation of Nemaska, the Grand Council of the Crees (Eeyou Istchee) and the Cree Nation government.

We seek Safe Harbor.