Nextsource Materials Inc (NSRCF)

[spartex]

Summary of Quarterly Milestones and Future Plans

We are pursuing negotiations in respect of potential off-take agreements with graphite end users and intermediaries with the intention of securing project financing alternatives, which may include debt, equity and derivative instruments. Discussions in respect of these matters have been ongoing for the past 21 months and are expected to continue during the coming months with no assurances as to the conclusion and results of these discussions.

Our management continues to assess project optimization strategies with the intention of reducing the capital and operating costs relating to the Molo Graphite Property with no assurances as to the conclusion and results of these assessments.



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