Nemaska Lithium Inc.: Follow-Up of the Annual General and Special Meeting of Shareholders of the Corporation


QUEBEC CITY, QUEBEC--(Marketwire - Nov 28, 2012) - Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(NMKEF) announces that it held, last November 27, its annual general and special meeting (the "Meeting") during which the shareholders of Nemaska re-elected Messrs. Michel Baril, Guy Bourassa, Gordon Gao and René Lessard as well as Ms. Judy Baker and Ms. Vivian Wu as directors of the Corporation. Moreover, during the Meeting, the shareholders of Nemaska voted in favor of the appointment of KPMG LLP as external auditor of the Corporation until the next annual meeting of shareholders of the Corporation.

During the Meeting, the shareholders of the Corporation also voted in favor of the ratification and confirmation of the current stock option plan for the employees, officers, directors or consultants of the Corporation or any of its subsidiaries and the persons employed to perform investor relations activities (the "Plan"). The Plan is a rolling stock option plan pursuant to which a maximum of 10% of the issued shares in the capital of the Corporation being outstanding from time to time is reserved for the grant of stock options.

About Nemaska

Nemaska Lithium is a lithium exploration and development company with its Whabouchi and Sirmac deposits located in the James Bay Region in the Province of Quebec. Both projects are easily accessible year round by the Route du Nord from Chibougamau. The Whabouchi lithium deposit is located near the Cree community of Nemaska and the Némiscau airport. The Sirmac project is located about 150km North of Chibougamau. Nemaska plans to become a lithium hydroxide/carbonate producer based in Quebec and has filed patent applications for its proprietary method to produce lithium hydroxide and lithium carbonate. The Corporation''s lithium hydroxide/carbonate processing plant will be located in Valleyfield, Quebec. Chengdu Tianqi Industry Group Co., Ltd. is a strategic shareholder of Nemaska Lithium owning approximately 19% of the outstanding shares of the Company.

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.

Guy Bourassa
418 704-6038
Victor Cantore
Investor Relations
514 831-3809
Wanda Cutler
Investor Relations
416 303-6460
Jeff Walker
The Howard Group / Investor Relations
888 or 403 221-0915

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