Nemaska Lithium Launches a C$25Million QSSP II Eligible Offering

14 March 2013

QUEBEC CITY, QUEBEC--(Marketwire - March 14, 2013) -

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

Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) has filed a Prospectus Supplement to the 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 a marketed offering (the "Offering") of 62,500,000 units ("Units") in the capital of the Corporation at a price of C$0.40 per unit. Each unit is comprised of one common share of Nemaska ("Unit Share") and half of a common share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a period of 24 months from the date of closing to purchase one common share of Nemaska at a price of $0.55. The Offering is expected to close on or around March 28, 2013.

The Corporation has received an advance ruling from the Ministère du Revenu du Québec confirming that the Corporation is a qualified issuing corporation for the purposes of the Québec Stock Savings Plan II ("QSSP II") and that the Common Shares forming part of the Units are qualified shares for a QSSP II qualified mutual fund.

The Offering is being conducted on a best efforts marketed basis through a syndicate of investment dealers co-led by Euro Pacific Canada inc. as sole bookrunner and Casimir Capital Ltd., and including, Mackie Research Capital Corporation Limited and National Bank Financial (collectively, the "Agents").

The Corporation has also granted the Agents an option (the "Over-Allotment Option"), exercisable no later than 30 days after the Closing Date, to purchase additional Units (the "Over-Allotment Units") at the Offering Price and/or additional Warrants (the "Over-Allotment Warrants" and together with the Over-Allotment Units, the "Additional Securities"). The maximum number of Over-Allotment Units shall be equal to 15% of the total Units sold in the Offering (being up to 9,375,000 Over-Allotment Units) less the number of Over-Allotment Warrants, if any, purchased by the Agents. The maximum number of Over-Allotment Warrants shall be equal to 15% of the total Units sold in the Offering less the number of Over-Allotment Units, if any, purchased by the Agents.

The Corporation plans to use the proceeds of the offering to start the detailed engineering and to make deposits for the acquisition of long lead items in connection with the construction of a Phase 1 processing plant in Salaberry-de-Valleyfield, Québec. Also, the net proceeds will be used to start the construction of the Phase 1 processing plant, continue with the permitting process and studies for the Whabouchi project in order to obtain the required environmental permit for such property as well as for general corporate purposes.

A copy of the Prospectus Supplement may be obtained from the Corporation's Corporate Secretary 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: Corporate Secretary, or can be found on SEDAR 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 shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale 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 Company is developing one of the richest spodumene lithium hard rock deposit in the world, both in volume and grade. Spodumene concentrate produced at Nemaska's Whabouchi mine and from other global sources will be shipped to the Company's lithium hydroxide/carbonate processing plant located in Salaberry-de-Valleyfield, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and lithium carbonate for the growing lithium battery market. The Nemaska's Whabouchi deposit, located in the James Bay Region in the Province of Quebec, Canada, near the Cree community of Nemaska, should have an initial mine life of 18 years.

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Nemaska to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

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.