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Johnson Matthey Battery Materials Approves Lithium Hydroxide from Nemaska Lithium and Releases $2M Milestone Payment

QUÉBEC CITY, QUÉBEC–(Marketwired – May 5, 2017) – Nemaska Lithium Inc. and its wholly-owned subsidiaries (collectively, “Nemaska Lithium” or the “Corporation”) (TSX:NMX)(OTCQX:NMKEF) and Johnson Matthey Battery Materials Ltd (“JMBM”) of Candiac, Québec, a wholly-owned subsidiary of Johnson Matthey Plc (LSE:JMAT) ( announced today that JMBM has made an early payment of CAD$2,000,000 (of the final CAD$3,000,000 milestone payment) following receipt of the first shipment of lithium hydroxide (see press releases of May 11, 2016 and April 17, 2017). The final CAD$1,000,000 will be paid by JMBM once Nemaska Lithium delivers a second shipment of lithium hydroxide that meets JMBM’s final criteria. Nemaska Lithium expects to send the final samples once the lithium hydroxide solution is processed through the crystallizer, which has been received at the Phase 1 Plant and is being commissioned.