Mr. Guy Bourassa reports

NEMASKA ANNOUNCES THE TERMS OF ITS OFFERING

Nemaska Lithium Inc. is providing additional details concerning its proposed marketed offering. The corporation will offer a minimum of 43.48 million units for aggregate gross proceeds of $50,002,000 and a maximum of 52,174,000 units for aggregate gross proceeds of $60,000,100 at a price of $1.15 per unit. The offering will be made pursuant to a short form prospectus in each of the provinces and territories of Canada, which is expected to be filed shortly. Upon receiving a receipt from the Autorite des Marche Financiers, as principal regulator, evidencing the receipt from all applicable securities regulatory authorities, a copy of the final prospectus will be available on SEDAR.

Each unit will consist of one common share in the share capital of the corporation and one-half of one common share purchase warrant of the corporation. Each warrant will entitle its holder to purchase one common share at a price of $1.50 per warrant share at any time prior to 5 p.m. ET on the date that is 36 months following the closing date of the offering. The corporation may accelerate the warrant expiry date if, before the warrant expiry date and at any time following the closing date of the offering, the closing price of the common shares listed on the TSX Venture Exchange or the Toronto Stock Exchange, as applicable, is equal to or above $2.25 for a period of 20 consecutive trading days.

The offering is being conducted on a best-effort 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.

In order to cover for overallotments, if any, and for market stabilization purposes, the corporation will grant the agents an overallotment option, exercisable for a period of 30 days from and including the closing date of the offering, to offer and sell at the offering price an additional number of units equal to 15 per cent of the number of units sold pursuant to the offering.

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.

All of the information contained in this press release relating to the terms of the offering is subject to and qualified by the information to be contained in the prospectus.

We seek Safe Harbor.