Mr. Jacques L'Ecuyer reports

5N PLUS REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2015

5N Plus Inc. is releasing its financial results for the first quarter ended March 31, 2015:

• Revenues for the first quarter reached $95.7-million, down from $142.4-million for the same quarter of 2014, negatively impacted by significant underlying commodity price volatility.
• EBITDA (earnings before interest, taxes, depreciation and amortization) and adjusted EBITDA reached $3.4-million and $300,000, respectively, in the first quarter of 2015, compared with $11.2-million and $10.5-million for the same quarter of 2014, margins impacted by decreasing commodity price.
• Net loss for the first quarter of 2015 reached $1.9-million, compared with net earnings of $4.5-million for the first quarter of 2014. Net debt stood at $74.9-million, down from $84.0-million as at Dec. 31, 2014, positively impacted by working capital management.
• Backlog and bookings were negatively impacted by decreases in underlying commodity pricing. When normalized to account for price decrease, overall demand remains solid. Backlog of the first quarter, expressed in days, is higher than the fourth quarter and the same quarter a year ago.

Jacques L'Ecuyer, president and chief executive officer, said: "It has been a difficult quarter, as sharp decreases in the underlying prices of most of the commodities we deal with impacted negatively the margins. Demand for the majority of our key products, including bismuth and cadmium telluride, remained healthy even though volumes and prices were in general lower than in the first quarter of 2014, which was itself a record quarter in terms of demand, compounding our decrease in revenues. Backlog and bookings were also negatively impacted by decreases in underlying commodity pricing but actually increased over the corresponding period of the previous fiscal year when normalized to account for this commodity decrease."

Mr. L'Ecuyer continued: "Net debt decreased in the quarter following a reduction in working capital. We plan on continuing to reduce debt as we decrease working capital, improve efficiency and reduce costs. This, together with our efforts aimed at positioning ourselves throughout the value chain, will remain our main priorities for the upcoming quarters."

Mr. L'Ecuyer concluded: "Despite their negative impact, which is likely to continue in the second quarter, current underlying commodity pricing trends are also providing us with opportunities to create value as we optimize our procurement and inventory management practices. We expect this to lead to a further strengthening of our operational performance, and enable us to be better positioned to execute on our added value and supply integration strategy."

Webcast information

5N Plus will host a conference call on Wednesday, May 6, 2015, at 8 a.m. ET, with financial analysts to discuss results of the quarter ended March 31, 2015. All interested parties are invited to participate in the live broadcast on the company's website. A replay of the webcast and a recording of the question-and-answer period will be available until May 13, 2015. To participate in the conference call, dial 514-807-9895 (Montreal area), 647-427-7450 (Toronto area) or toll-free 1-888-231-8191 and enter access code 39592325.

           CONDENSED INTERIM CONSOLIDATED STATEMENTS OF (LOSS) EARNINGS
          (in thousands of U.S. dollars, except per-share information)

                                                For the three-month periods ended March 31,
                                                                               2015   2014   
                                                                             $      $      
                                                                                           
Revenues                                                                   $ 95,663  $142,379
Cost of sales                                                                89,922   122,743
Selling, general and administrative expenses                                  7,024     9,762
Other expenses                                                                1,195     2,754
Share of loss (gain) from joint ventures                                         78       (23)
                                                                           --------- ---------
                                                                             98,219   135,236
Operating (loss) earnings                                                    (2,556)    7,143  
Gain on disposal of property, plant and equipment                                 -     1,312  
Financial expenses (revenues)                                                              
Interest on long-term debt                                                    1,190     1,140
Imputed interest and other interest expense                                     893       276    
Changes in fair value of debenture conversion option                           (713)        -      
Foreign exchange and derivative (gain) loss                                  (2,423)       16     
                                                                           --------- ---------
                                                                             (1,053)    1,432  
(Loss) earnings before income tax                                            (1,503)    7,023  
Income tax expense                                                    
Current                                                                        (288)    2,393  
Deferred                                                                        736       111
                                                                           --------- ---------
                                                                                448     2,504  
Net (loss) earnings for the period                                           (1,951)    4,519  
Attributable to
Equityholders of 5N Plus                                                     (1,949)    4,655  
Non-controlling interest                                                         (2)     (136)
                                                                           --------- ---------
                                                                           $ (1,951) $  4,519
                                                                           ========= =========
(Loss) earnings per share attributable to equityholders of 5N Plus         $  (0.02) $   0.06   
Basic (loss) earnings per share                                            $  (0.02) $   0.05   
Diluted (loss) earnings per share                                          $  (0.05) $   0.05   

We seek Safe Harbor.