Ms. Julie Paquet reports

NOUVEAU MONDE ANNOUNCES FILING OF A PROSPECTUS SUPPLEMENT FOR AT-THE-MARKET OFFERING

Nouveau Monde Graphite Inc. has filed a prospectus supplement establishing a new at-the-market equity offering. Canaccord Genuity is acting as lead agent for the ATM offering and B. Riley and Roth Capital Partners are acting as co-agents. The ATM offering will allow the company to offer for sale and issue up to $75-million (U.S.) (or the equivalent in Canadian dollars) of common shares of the company from time to time, at the company's discretion. Any sales of common shares under the ATM offering will be made through "at-the-market distributions" as defined in Regulation 44-102 respecting shelf distributions, including sales made directly on the TSX Venture Exchange or the New York Stock Exchange or on any other trading market for the common shares in Canada or the United States. The common shares will be distributed at the market prices prevailing at the time of the sale. The company is not obligated to make any sales of common shares under the ATM offering.

The net proceeds of the ATM offering are expected to be used for the development of the Matawinie graphite mine and the Becancour battery material plant, and for general working capital and corporate expense needs.

Distributions of the common shares through the ATM offering will be made pursuant to the terms of an equity distribution agreement dated Jan. 21, 2022, by and among the company and the agents, pursuant to which the company may distribute common shares under the ATM offering from time to time through the agents, in accordance with the terms of the distribution agreement.

A prospectus supplement to the company's short form base shelf prospectus dated May 19, 2021, as amended by the amendment No. 1 dated Jan. 19, 2022, has been filed with the securities commissions or securities regulatory authorities in each of the provinces of Canada, and with the United States Securities and Exchange Commission (SEC) as part of the company's registration statement Form F-10 under the United States/Canada multijurisdictional disclosure system. The prospectus supplement, the base shelf prospectus and the registration statement contain important detailed information about the company and the ATM offering. Prospective investors should read the prospectus supplement, the base shelf prospectus and the registration statement and the other documents the company has filed for more complete information about the company and the ATM offering before making an investment decision.

The prospectus supplement filed in Canada (together with the related base shelf prospectus) and the distribution agreement will be available on SEDAR. The prospectus supplement filed in the United States (together with the registration statement) will be available on the SEC's website.

About Nouveau Monde Graphite Inc.

Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The company is working toward developing a fully integrated source of carbon-neutral battery anode material in Quebec for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable environmental, social and governance (ESG) standards, Nouveau Monde aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability.

We seek Safe Harbor.