Nemaska Lithium Eligible for Quebec Stock Savings Plan II and, Nomination of a New Director

26 March 2012

QUEBEC CITY, CANADA--(Marketwire - March 26, 2012) - Nemaska Lithium Inc. ("Nemaska" or "the Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that Nemaska shares are now listed as "valid shares" on the list of the Autorité des marchés financiers.

The Quebec Stock Savings Plan II gives qualified corporations better access to capital markets by enabling individuals who reside in Quebec to deduct the adjusted cost of a qualifying share. The program is primarily intended to increase the demand for newly issued shares of small businesses.

Nemaska announces that the number of Directors has been increased to 7 and that Mr. Gordon Gao has joined the Board of Directors. Mr. Gao is Vice President of TQC Equipment Inc. (TQCE), the Canadian subsidiary of Chengdu Tianqi Industry Group Co., Ltd. Mr. Gao is based in Laval, Québec, where he has been working since 2010. Before joining TQCE in 2009, he worked as an international business manager of Chengdu Enwei Group Co., Ltd. (2002-2009), which is specialized in medicine and health products. From 2000 to 2002, he worked in international trade department of Sichuan Leshan Zhengjing Leather Products Co., Ltd. Mr. Gordon Gao holds a Bachelor degree of Economics of East China Normal University, Shanghai, China (2000).

About Nemaska

Nemaska Lithium is an exploration and development company involved in the James Bay region of Quebec. Nemaska intends to concentrate on the development of its Whabouchi lithium deposit and to conduct exploration work on its 100% owned Sirmac lithium project. The Whabouchi deposit is easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and is located near the Cree community of Nemaska and the Némiscau airport. Nemaska also owns 47.2% of its subsidiary Monarques Resources Inc. (TSX VENTURE:MQR).

The link hereby provided is a BTV interview of Mr. Guy Bourassa, President and Chief Executive Officer, as of March 12, 2012 of our Whabouchi Resources video: http://www.b-tv.com/i/videos/NemaskaLithiumUpdateMar12.wmv

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.

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.