Nemaska Lithium Confirms Closing of the Minimum Offering of $1M Under its Prospectus Supplement no. 5

QUÉBEC CITY, QUÉBEC -- (Marketwired - Feb. 4, 2015) - Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX) (OTCQX:NMKEF) announced today that it has closed the minimum offering of $1,000,000 of its Prospectus Supplement no. 5 announced on January 30 (the "Supplement no. 5"). Consequently the Corporation has issued 5,000,000 common shares at a price of $0.20 per share and 2,500,000 common share purchase warrants entitling its holder to purchase one common share at a price of $0.28 until February 4, 2017. The Corporation intends to have an additional closing to complete the maximum offering of $2M.

The Corporation intends to use the net proceeds of the Offering and other available funds for general working capital and administrative expenses as well as for Phase 1 plant detailed engineering.

The Corporation has filed Prospectus Supplement no. 5 dated January 30, 2015 to the Short Form Base Shelf Prospectus dated March 4, 2013 with the securities regulatory authorities in each of the Provinces of Québec, Ontario, Alberta and British Columbia, in relation to an offering (the "Offering"), by the Corporation, as securities issuer, of a minimum of 5,000,000 units of the Corporation (the "Units") for an aggregate gross proceeds of $1,000,000 and a maximum of 10,000,000 Units for an aggregate gross proceeds of $2,000,000 at a price of $0.20 per Unit.

Each Unit consists of one common share of the Corporation (a "Common Share") and one-half of one Common Share purchase warrant. Each whole Common Share purchase warrant, a "Warrant" entitles its holder to purchase one Common Share at a price of $0.28 at any time prior to 5:00 p.m. (Montreal time) on the date that is 24 months following the closing date.

In connection with the Offering, the Corporation may, at its entire discretion, pay registrants registered pursuant to Regulation 31-103 respecting Registration Requirements Exemptions and Ongoing Registrant Obligations a cash commission up to 5% of the gross proceeds of the Offering.

A copy of the Supplement no. 5 may be obtained on request without charge from the President, Chief Executive Officer and Secretary of Nemaska by emailing info@nemaskalithium.com or directing a request to Nemaska Lithium Inc. at 450, rue de la Gare-du-Palais, 1st Floor, Québec, Québec, G1K 3X2, telephone: (418) 704-6038, Attn: President, Chief Executive Officer and Secretary, and are also available electronically at www.sedar.com.

The securities have not been registered under the United States Securities Act of 1933 (the "Act") or any state securities laws and may not be offered or sold absent registration under the Act and applicable state securities laws or an applicable exemption from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption there from.


About Nemaska

Nemaska intends to become a lithium hydroxide/carbonate producer based in Quebec and has filed patent applications for its proprietary methods to produce lithium hydroxide and lithium carbonate. In tandem, the Corporation is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Once in production, spodumene concentrate produced at Nemaska's Whabouchi mine will be shipped to the Corporation's lithium hydroxide/carbonate processing plant to be built in Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate mainly for the growing lithium battery market.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES



Contact

Nemaska Lithium Inc.
Guy Bourassa, President, Chief Executive Officer and Secretary
418 704-6038
info@nemaskalithium.com
www.nemaskalithium.com

Victor Cantore, Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com

Wanda Cutler, Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com