NI 43-101 Technical Report Preliminary Economic Assessment of the Whabouchi Lithium Deposit and Hydromet Plant Prepared for Nemaska Lithium Inc. Prepared by André Laferrière, P. Geo. SGS Canada Inc. Yves Dessureault, Eng. Patrice Live, Eng. BBA Inc. Nicolas Skiadas, Eng. Noël Journeaux, P. Geo., Eng. Journeaux Assoc. Gary H.K. Pearse, M.Sc., P. Eng. Equapolar Consultants Limited Ann Lamontagne, Eng. Lamont Inc. Isabelle Larouche, Eng. Alain Michaud, Eng. Michel Bilodeau, Eng. Céline Charbonneau, Eng. M. Sc. Effective Date: October 2, 2012 Issue Date: November 16, 2012 Revised Date: February 27, 2013 Equapolar Consultants Limited Project Number: 2012-014 Nemaska Lithium Inc. NI 43-101 Technical Report Preliminary Economic Assessment Prepared for Nemaska Lithium Inc. 450, Gare-du-Palais Street, 1st floor Quebec (Quebec) G1K 3X2 Canada Prepared by: Met-Chem Canada Inc. 555, boul. René-Lévesque Ouest, 3e étage Montréal (Québec) H2Z 1B1 February 2013 QPF-009-12/B P:\2012-014\Texte\Rapports\Ni 43-101\Main Report\2012-014 Nemaska NI 43-101 Rev FINAL1.doc Nemaska Lithium Inc. NI 43-101 Technical Report Preliminary Economic Assessment IMPORTANT NOTICE This Report was prepared as a National Instrument 43-101 Technical Report for Nemaska Lithium Inc. (“Nemaska”) by Met-Chem Canada Inc. (“Met-Chem”). The quality of information, conclusions and estimates contained herein is consistent with the level of effort involved in Met-Chem’s services, based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions, and qualifications set forth in this Report. This Report is intended for use by Nemaska subject to the terms and conditions of its contract with Met-Chem. This Report can be filed as a Technical Report with Canadian Securities Regulatory Authorities pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects. Except for the purposes legislated under Canadian securities laws, any other uses of this Report by any third party are at that party’s sole risk. February 2013 QPF-009-12/B P:\2012-014\Texte\Rapports\Ni 43-101\Main Report\2012-014 Nemaska NI 43-101 Rev FINAL1.doc Nemaska Lithium Inc. NI 43-101 Technical Report Preliminary Economic Assessment DATE AND SIGNATURE PAGE – CERTIFICATES Effective Date: October 2, 2012 Issue Date: November 16, 2012 Revised Date: February 27, 2013 February 2013 QPF-009-12/B P:\2012-014\Texte\Rapports\Ni 43-101\Main Report\2012-014 Nemaska NI 43-101 Rev FINAL1.doc CERTIFICATE OF AUTHOR Patrice Live, Eng. To Accompany the Report entitled: “NI 43-101 Technical Report Preliminary Economic Assessment of the Whabouchi Lithium Deposit and Hydromet Plant” Effective Date: October 2, 2012 Issue Date: November 16, 2012 Revised Date: February 27, 2013 I, Patrice Live, Eng., do hereby certify that: 1) I am Manager, Mining with BBA with an office at 630, Rene-Levesque West, Suite 1900, Montreal, Quebec, H3A 4V5; 2) I graduated from Laval University in 1976; 3) I am a registered member of the Order of Engineers of Quebec (#38991); 4) I have worked as a mining engineer continuously since my graduation from university; 5) I have read the definition of “qualified person” set out in the National Instrument 43-101 and certify that, by reason of my education, affiliation with a professional association, and past relevant work experience, I fulfill the requirements to be an independent qualified person for the purposes of NI 43-101; 6) I am responsible for Sections 15.0, 16.1 to 16.6, 16.8 to 16.10, 21.1.3 and 21.3.1 to 21.3.2 of this Technical Report; 7) I have had no prior involvement with the properties that are the subject of the Technical Report; 8) I have visited the site on August 26, 2011; 9) I have no personal knowledge as of the date of this certificate of any material fact or change, which is not reflected in this report; 10) Neither I, nor any affiliated entity of mine, is at present under an agreement, arrangement or understanding or expects to become an insider, associate, affiliated entity or employee of Nemaska Lithium Inc., or any associated or affiliated entities; 11) Neither I, nor any affiliated entity of mine, own directly or indirectly, nor expect to receive, any interest in the properties or securities of Nemaska Lithium Inc., or any associated or affiliated companies; CERTIFICATE OF QUALIFIED PERSON I, Nicolas Skiadas, Eng., do hereby certify that 1) I am a Project Manager in the consulting firm Journeaux Associates Division of Lab. Journeaux Inc. 801 Bancroft, Pointe-Claire, Quebec, Canada, H9R 4L6; 2) I graduated from McGill University with M. Eng. in 1982. 3) I am a registered member of the Order of Engineers of Quebec (117881). 4) I have worked as a Civil Engineer continuously since my graduation from university B. Eng. in 1977 and M. Eng. in 1982, Civil Engineering and applied mechanics, McGill University. 5) I have read the definition of “qualified person” set out in the National Instrument 43-101 and certify that, by reason of my education, affiliation with a professional association, and past relevant work experience, I fulfill the requirements to be an independent qualified person for the purposes of NI 43-101. 6) I am responsible for the coordination of the complete Technical Report and for the preparation of Sections 16.7, 20.1.5 and 20.5 of the report entitled “NI 43-101 Technical Report Preliminary Economic Assessment of the Whabouchi Lithium Deposit and Hydromet Plant”, effective date October 2, 2012, issue date: November 16, 2012 and revised date: February 27, 2013. 7) I have had no prior involvement with the properties that are the subject of the Technical Report. 8) I have visited the site on July 26 and 27, 2011. 9) I have no personal knowledge as of the date of this certificate of any material fact or change, which is not reflected in this report. 10) Neither I, nor any affiliated entity of mine, is at present under an agreement, arrangement or understanding or expects to become an insider, associate, affiliated entity or employee of Nemaska Lithium Inc., or any associated or affiliated entities. 11) Neither I, nor any affiliated entity of mine, own directly or indirectly, nor expect to receive, any interest in the properties or securities of Nemaska Lithium Inc., or any associated or affiliated companies. 12) Neither I, nor any affiliated entity of mine, have earned the majority of our income during the preceding three years from Nemaska Lithium Inc., or any associated or affiliated companies. 13) I have read NI 43-101 and Form 43-101F1 and have prepared the technical report in compliance with NI 43-101 and Form 43-101F1; and have prepared the report in conformity with the generally accepted Canadian Mining Industry practice and, as of the date of the certificate, to the best of my knowledge, information and belief, the technical report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading. This Thursday, February 28, 2013, Montreal, Quebec. Nicolas Skiadas, Eng., P. Eng., M. Eng. Project Manager Journeaux Associates Division of Lab Journeaux Inc. BBA Project Number: 3073002 CERTIFICATE OF QUALIFIED PERSON I, Noel L. Journeaux, Eng., do hereby certify that: 1) I am President in the consulting firm Journeaux Associates Division of Lab. Journeaux Inc. 801 Bancroft, Pointe-Claire, Quebec, Canada, H9R 4L6; 2) I graduated from Purdue University with M.S.C.E. Civil Engineering in 1962. 3) I am a registered member of the Order of Engineers of Quebec (14341). 4) I have worked as a Civil Engineer continuously since my graduation from Queens University - B.A.Sc. Engineering Geology (1960); Purdue University - M.S.C.E. Civil Engineering (1962). 5) I have read the definition of “qualified person” set out in the National Instrument 43-101 and certify that, by reason of my education, affiliation with a professional association, and past relevant work experience, I fulfill the requirements to be an independent qualified person for the purposes of NI 43-101. 6) I am responsible for the coordination of the complete Technical Report and for the preparation of Section 16.3.1 of the report entitled “NI 43-101 Technical Report Preliminary Economic Assessment of the Whabouchi Lithium Deposit and Hydromet Plant”, effective date October 2, 2012, issue date: November 16, 2012 and revised date: February 27, 2013. 7) I have had no prior involvement with the properties that are the subject of the Technical Report. 8) I have visited the site on August 24, 2011. 9) I have no personal knowledge as of the date of this certificate of any material fact or change, which is not reflected in this report. 10) Neither I, nor any affiliated entity of mine, is at present under an agreement, arrangement or understanding or expects to become an insider, associate, affiliated entity or employee of Nemaska Lithium Inc., or any associated or affiliated entities. 11) Neither I, nor any affiliated entity of mine, own directly or indirectly, nor expect to receive, any interest in the properties or securities of Nemaska Lithium Inc., or any associated or affiliated companies. 12) Neither I, nor any affiliated entity of mine, have earned the majority of our income during the preceding three years from Nemaska Lithium Inc., or any associated or affiliated companies. 13) I have read NI 43-101 and Form 43-101F1 and have prepared the technical report in compliance with NI 43-101 and Form 43-101F1; and have prepared the report in conformity with the generally accepted Canadian Mining Industry practice and, as of the date of the certificate, to the best of my knowledge, information and belief, the technical report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading.