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Nemaska News:
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNMX-1832141&symbol=NMX®ion=C

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNMX-1832136&symbol=NMX®ion=C

Nemaska drills 25.5 m of 2.28% Li2O at Whabouchi

2011-04-20 08:49 ET - News Release


Mr. Guy Bourassa reports

NEMASKA CONTINUES TO REPORT HIGH-GRADE INTERSECTIONS FROM WHABOUCHI LITHIUM PROJECTNemaska Exploration Inc. has provided the results from five additional holes of its drill program recently completed on its 100-per-cent-owned Whabouchi project. In total 8,909 metres have been drilled in 43 holes. The results continue to illustrate the high-grade of the main mineralized zone and confirm the presence of smaller dikes to the south of the Main zone. Highlights include: 25.5 metres at 2.28 per cent Li2O, 23.0 m at 1.92 per cent Li2O and 11.9 m at 2.36 per cent Li2O. The results of the initial 17 holes have been released in Stockwatch on March 24 and April 11, 2011.

The intersections from these five holes are as displayed in the table.



To Core length True width
Hole From (m) (m) (m) (m) Li2O %

WHA-10-85 10.2 35.0 24.8 23.0 1.92
58.8 65.0 6.2 5.8 1.68
WHA-10-86 23.8 32.3 8.5 6.6 2.14
WHA-10-87 19.0 32.3 13.3 11.9 2.36
47.0 70.1 23.1 20.6 1.58
WHA-10-88 19.5 23.0 3.5 3.0 0.98
33.1 48.8 15.7 13.3 1.74
64.5 81.0 16.5 14.0 1.63
WHA-10-89 25.1 31.8 6.7 6.0 0.98
34.4 35.0 5.3 4.7 1.78
45.0 48.0 3.0 2.7 2.28
57.0 63.7 6.7 6.0 0.84
67.0 95.7 28.7 25.5 2.28


The company has reported the intersection lengths as well as the best estimates of the true widths given the current understanding of the geology. The drill holes were done at an average azimuth of 330 degrees and a dip of 50 degrees. The pegmatite bands have generally an azimuth of 60 degrees and a southeast dip of 70 degrees to 80 degrees.

All samples have been shipped to the Table Jamesienne de Concertation Miniere (TJCM) in Chibougamau, Que., for preparation process: inventory, drying, weigh, crushing, split and pulverization. The pulverized portions were then sent by secured courier to either the laboratory of SGS Mineral Services in Don Mills, Ont., or to the ALS Chemex facilities in North Vancouver, B.C., for lithium, beryllium and rubidium analysis by inductively coupled plasma methods. These laboratories are recognized by the industry and accredited ISO/MEC 17025 by the Standards Council of Canada. In addition to the quality assurance and quality control (QA/QC) employed by SGS and ALS, Nemaska Exploration develops a rigorous QA/QC protocol for its operators, including the insertion of analytical standard samples, duplicates and coarse silica blanks on a systematic basis. To determine the QC warning, plus or minus two times standard deviation, and QC failure plus or minus three times standard deviation were used. QC results did not highlight any significant analytical bias.

The technical sections of this press release have been prepared by Yvan Bussieres, PEng, and reviewed by Yves Caron, MSc, PGeo, qualified persons as defined in National instrument 43-101.

We seek Safe Harbor.


Nemaska's Monarques arranges $2-million financing
2011-04-20 08:42 ET - News ReleaseMr. Guy Bourassa reports

NEMASKA EXPLORATION ANNOUNCES THAT ITS SUBSIDIARY, MONARQUES RESOURCES INC. HAS FILED A PRELIMINARY PROSPECTUS FOR A MINIMUM OFFERING OF $2M

Nemaska Exploration Inc.'s recently formed subsidiary, Monarques Resources Inc., has obtained a receipt for its preliminary prospectus for an offering of a minimum of $2-million comprising 2.5 million units at a price of 40 cents per unit and two million common shares in the capital of Monarques, to be issued as flow-through shares, at a price of 50 cents per flow-through share. The total value of the subscription to units shall be equal or greater than the value of the subscription for flow-though shares received. Each unit consists of one common share at a price of 40 cents per common share and one-half of one common share purchase warrant. Each warrant will entitle its holder to purchase one common share at a price of 45 cents at the latest any time prior to 5 p.m. (Eastern Time) on the date that is 18 months following the closing date. This offering is made through Industrial Alliance Securities Inc. and Dundee Securities Ltd. acting as agents, on a best-efforts basis, in the provinces of Quebec, Ontario, Alberta and British Columbia. You can obtain a copy of the preliminary prospectus from Industrial Alliance Securities at 2200 McGill College Ave., Suite 350, Montreal, Que., H3A 3P8, or from Dundee Securities at 1 Adelaide East, Suite 2200, Toronto, Ont., M5C 2V9. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued. The corporation has also applied to list its shares on the TSX Venture Exchange.

Monarques has agreed to conditionally purchase all rights, titles and interests owned by Nemaska in the Lac Arques, Lac des Montagnes and Lac Levac properties for a purchase price of $7.5-million by issuing, as at the closing date of its initial public offering, a total of 18.75 million common shares at a price of 40 cents per common share. Of the 18.75 million common shares, Nemaska intends to distribute 3,685,645 common shares to its shareholders as a dividend. The closing date of the records to determine the shareholders allowed to receive the proposed dividend will not be known until the closing of Monarques's initial public offering has been completed.