Nemaska Lithium Discovers New Mineralized Zone at Whabouchi and Provides Drilling Update

September 6, 2016

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QUEBEC CITY, QUEBEC–(Marketwired – Sep 6, 2016) – Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) is pleased to provide an update on the previously announced definition drilling campaign for its Whabouchi lithium project. The drill program was expanded from 44 drill holes over 13,700 m to 50 holes over 17,000 m after the company encountered a new lithium bearing zone in the southwestern end of the planned pit area (Figure1). The initial discovery was made on holes WHA-16-190; that intersected a new mineralized zone over 29.1m along core at 150 m vertical depth, WHA-16-184 over 81.7 m along core at 245 m vertical and WHA-16-189 over 44.8 m at 500 m vertical on the same section (3+50). Five (5) holes to confirm the lateral extensions of this new lithium zone up to 100m East and West of section 03+50 along strike are currently being drilled and are expected to be completed in early September 2016.

Currently a total of twelve (12) holes have intercepted the new mineralized zone, named Doris, and have reported the following intersections:

Section Hole Name From (m) To (m) Core length (m) True width* (m)
01+75 WHA-16-145 15.03 43.8 28.8 14.4
01+75 WHA-16-169 126.35 152.6 26.3 13.1
02+00 WHA-16-146 53.9 140.8 87.0 43.5
02+00 WHA-16-170 171.7 188.62 16.9 8.5
02+50 WHA-16-148 66.62 105.88 39.3 19.6
02+75 WHA-16-149 62.52 79.2 16.7 8.3
02+75 WHA-16-149 81.27 102.03 20.8 10.4
03+25 WHA-16-175 80.95 116 35.1 17.5
03+50 WHA-16-184 299.3 381.0 81.7 40.9
03+50 WHA-16-190 185.29 214.38 29.1 14.5
04+00 WHA-16-151 91.3 107.1 15.8 7.9
04+25 WHA-16-152 48.88 69 20.1 10.1
05+00 WHA-16-153 22.82 34.63 11.8 5.9

* True width estimated for drill holes with a dip of 50° and a general dip of 75° to the NW for the mineralized structure

Additional details of this new lithium zone will be released as the Corporation receives assay results.

“Drilling has gone even better than expected and I am obviously very pleased with this new lithium discovery” commented Guy Bourassa, President and CEO of Nemaska Lithium. “What we know now is that the new zone is quite a thick dyke and we are seeing true widths similar to the main zone at Whabouchi. I am excited to see what impact this new discovery will have on our world class Whabouchi lithium project,” commented Guy Bourassa, President and CEO of Nemaska Lithium.

Connect with Nemaska Lithium Inc. (TSX:NMX,OTCQX:NMKEF) to receive an Investor Presentation.

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Category: Energy