Nemaska Lithium Inc. Obtains Receipt for its Final Shelf Base Prospectus for a Maximum of $100,000,000

05 March 2013

QUÉBEC CITY, QUÉBEC--(Marketwire - March 5, 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), announces that it has obtained a receipt for its final short form base shelf prospectus (the "Prospectus") from the securities regulatory authorities in the Provinces of Québec, Ontario, Alberta and British-Columbia. This Prospectus will allow the Corporation to make offerings of common shares, debt securities, convertible securities, subscription receipts and warrants (collectively, the "Securities") or any combination thereof up to a maximum of CAD$100,000,000 during the 25-month period from the Prospectus, including any amendments thereto, remains effective. Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement and, subject to applicable regulations, may include private placements, public offerings or strategic investments.

The Corporation plans to raise capital in the next 25 months to fund the construction of a Phase 1 processing plant in Salaberry-de-Valleyfield, Québec, to make deposits for the acquisition of long lead items in connection with the construction of a mine and a concentrator on the Whabouchi property, for the completion of the feasibility study and other studies in order to obtain the required environmental permits for such property as well as for general corporate purposes.

A copy of the Prospectus 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.