Nemaska Ranks 1st in Canadian Hard Rock Lithium Projects by Independent Researcher signumBOX

Filed under Uncategorized

Quebec, October 07, 2010. Nemaska Exploration Inc. (“Nemaska” or the “Company”) (TSXV-NMX) is pleased to announce that its Whabouchi lithium project has been ranked first in Canada and third in the world amongst hard rock pegmatite projects being developed. The study was produced by signumBOX, a Chilean-based provider of market intelligence research within the natural resource sector.

The report evaluates more than 33 pegmatite projects around the world and determines which are closest to entering the lithium supply chain. Projects are ranked using the signumPerformance Index (SPI). The SPI has been developed according the DEA methodology (Data Envelopment Analysis), which is a linear programming methodology that measures the efficiency of projects. Essentially, the methodology chooses one or more benchmarks for each project given a set of indexes, which results in a maximum efficiency number – all projects are ranked based on overall performance.

“We are obviously pleased to be ranked first in Canada by an independent third party researcher,” commented Guy Bourassa, President and CEO. “We have assembled a group of experts in the lithium field enabling us to fast track the Whabouchi project. A metallurgy report and a Scoping Study are due by the end of the year. This rapid project development is a testament to a dedicated team that is focused on getting Whabouchi into production and enabling Nemaska to enter the global lithium supply chain.”

The signumBOX report has two main areas of focus.  First, it looks at the uses of and demand for lithium in global markets, including historic growth rates and future trends of lithium applications. Second, it reviews known lithium resources and reserves, their locations and their various characteristics. The report analyzes existing producers and new projects (both brine and hard rock pegmatite) and ranks them according to the signumBOX indexes. With this analysis, they forecast and project lithium availability in terms of real installed capacity for the next fifteen years.