LITHIUM: Nemaska drills new zone at Whabouchi

QUEBEC – Nemaska Lithium of Quebec City has drilled a new mineralized zone at its Whabouchi lithium project 300 km northwest of Chibougamau, in the James Bay region. The company recently expanded its definition drilling campaign to 50 holes, and the discovery was made at the southwest end of the planned pit area. Hole WHA-16-190 intersected the new zone along 29.1 metres of core length at a vertical depth of 150 metres. So far 12 holes have cut the new mineralized zone. Results from five holes confirm that the lateral extent of the zone is as much as 100 metres. Additional details will become available as the company receives assay results. Nemaska is preparing the Whabouchi site to take a 60,000-tonne bulk sample by installing a modular mill. The feasibility study outlines a combined open pit and unground operation with a mineral processing plant adjacent to the mines. The concentrate would be further treated in a hydrometallurgical plant to be established in Shawinigan, QC. The project has a measured and indicated resource of 27.99 million tonnes grading 1.57% Li₂O and an inferred resource of 4.69 million tonnes grading 1.51%. Visit www.NemaskaLithium.com for detailed information about the project and related documents.