The TSX Venture Exchange has accepted for filing documentation with respect to the following non-brokered private placement announced July 23, 2020.

Private placement

Number of shares:  5,882,352 shares

Purchase price:  68 cents per share

Number of placees:  20 placees

Insiders:  Craig Parry, 75,000; Wesley Short, 14,588; NexGen Energy Ltd., 4,411,764; Travis McPherson, 29,500; Janine D. Richardson, 22,000

Total pro group involvement:  50,000 (one placee)

Convertible debenture

Convertible debenture:  $6-million (U.S.)

Conversion price:  convertible into a maximum of 9,206,311 common shares at 88 Canadian cents per share (including the issuance of 219,689 shares as an establishment fee)

Maturity date:  five years from the date of issuance

Interest rate:  8.5 per cent per annum (reduced to 7.5 per cent upon the announcement of a positive preliminary economic assessment study), of which 6 per cent is payable in cash and 2.5 per cent is payable in common shares, subject to further exchange review and acceptance

Establishment fee:  219,689 common shares

Number of placees:  one placee