Mr. Victor Cantore reports

NEMASKA LITHIUM RECEIVES NOTICE FROM THE NORDIC TRUSTEE REGARDING ITS USD 350M SENIOR SECURED BONDS

Nemaska Lithium Inc. has been notified of a notice published by Nordic Trustee AS, which is holding in escrow the $350-million (U.S.) proceeds from the senior secured bonds. The notice states that a written bondholders' resolution seeking approval of bondholders to instruct Nordic Trustee to refrain from effecting, among other things, any prepayment of the bonds was approved with the requisite majority.

As previously disclosed, Nemaska Lithium is of the opinion that the resolution, published without the corporation's consent, has no legal effect on the corporation or the bond terms, as it purports to amend the bond terms without the consent of the corporation. Nordic Trustee has previously confirmed in writing to the corporation that the deadline in Article 13.9 of the bond terms to effect a prepayment of the bonds expired on Sept. 13, 2019. On this date, the bonds should have been prepaid at par, together with accrued interest from the escrow account controlled by Nordic Trustee. The corporation considers that Nordic Trustee is in breach of its obligations under the bond terms and will take all measures available to it to protect its interests. Investors may refer to the press release of Nemaska Lithium dated Sept. 17, 2019, for further information regarding the content of this press release.

About Nemaska Lithium Inc.

Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide.

We seek Safe Harbor.