Nemaska Lithium Announces Closing of Subscription Receipt Financing With SoftBank Group

QUÉBEC CITY, QUÉBEC--(Marketwired - April 25, 2018) - Nemaska Lithium Inc. ("Nemaska Lithium" or the "Corporation") (TSX:NMX)(OTCQX:NMKEF)(FRANKFURT:N0T) is pleased to announce that it has closed its previously announced private placement (the "Placement") of 88,460,446 subscription receipts (the "Receipts") at a price of CAD 1.12 per Receipt for aggregate gross proceeds of CAD 99,075,700, pursuant to the investment agreement (the "Investment Agreement") entered into with SoftBank Group Corp. ("SoftBank") on April 5, 2018.

Pursuant to the Placement, upon conversion of the Receipts, SoftBank will acquire up to 9.9% of Nemaska Lithium's common shares ("Shares"). The gross proceeds from the Placement have been placed in escrow, pending satisfaction or waiver of the remaining escrow release conditions, being, among others, the completion by the Corporation of one or more public and/or private equity offerings (the "Equity Offerings"), and the reception of irrevocable commitments for debt financing as per the details given in its April 5, 12 and 20, 2018 press releases (see : http://www.nemaskalithium.com/en/investors/press-releases/2018/).

If the escrow release conditions are satisfied or waived, each Receipt shall be automatically converted into one (1) Share and the net proceeds of the Placement will be released to the Corporation. If the escrow release conditions have not been satisfied or waived by August 6, 2018, the Receipts will be automatically cancelled and funds will revert to SoftBank. If, after giving effect to the Placement and the completion of the Equity Offerings, SoftBank would hold more than 9.9% of the Shares outstanding on the escrow release date, the Receipts that would result in such excess will be cancelled such that SoftBank will hold no more than 9.9% of the Shares outstanding at such time (and the corresponding proceeds will revert to SoftBank). The full text of the subscription receipt agreement governing the Receipts is available on SEDAR at www.sedar.com.

About Nemaska Lithium

Nemaska Lithium is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. 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. With its products and processes, Nemaska Lithium intends to facilitate access to green energy, for the benefit of humanity.