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NextSource Materials Inc. Reminds Shareholders to Vote Ahead of Annual and Special Meeting by December 1st

Shareholder Meetings

NextSource Materials Inc. Reminds Shareholders to Vote

Ahead of Annual and Special Meeting by December 1st

TORONTO, ON--(Marketwired - Nov 28, 2017) - NextSource Materials Inc. (TSX: NEXT) (OTCQB:

NSRC) ("NextSource" or the "Company") would like to remind stockholders to vote their respective

shares and support its intention to move the corporate domicile of the Company to Canada (the

"Redomicile"), under the Canada Business Corporations Act ("CBCA"). The Company is currently

incorporated under the laws of Minnesota.

Redomiciling to Canada from Minnesota will provide the Company certain cost savings related to

reduced administrative, legal and accounts matters, as well as logically aligning our corporate

domicile to where the head office and executive management reside.

The Company will continue to conduct the same business as the Company conducted prior to the

Redomicile and will continue to be traded on the TSX under the symbol "NEXT" and on the OTCQB

under the symbol "NSRC".

MAJORITY STOCKHOLDER APPROVAL REQUIRED

In order for the Company to complete its proposed corporate Redomicile to Canada, it is required to

obtain majority approval (50-percent plus one) from existing stockholders.

YOUR VOTE IS IMPORTANT. VOTE TODAY.

Board of Directors and Management UNANIMOUSLY recommend that Shareholders vote IN

FAVOUR of the Redomicile.

A Proxy Statement was mailed to all stockholders on or about November 13, 2017 ahead of its

upcoming 2017 Annual and Special Meeting (the "AGM") of stockholders.

Your vote is important regardless of the number of shares you own. If any stockholders have

not yet voted their respective shares, the Company encourages them to do so.

If any stockholders have not received the Proxy Statement by mail, please contact the

Company's Senior Vice President, Brent Nykoliation directly by email at

[email protected].

The Board of Directors unanimously recommends that stockholders vote "FOR" this proposal and

support the Company's continuing efforts to operate in the most efficient manner and reduce

operating expenses wherever possible.

HOW TO VOTE

Due to essence of time, shareholders are encouraged to vote today using the internet,

telephone or facsimile.

Stockholders can access and download an electronic copy of the Proxy Statement and Prospectus

from NextSource's website at www.nextsourcematerials.com by navigating to the "Investors" tab,

then "AGM Data/ 2017 Proxy Statement and Prospectus" or directly at this link:

http://nextsourcematerials.com/investors/agm-data/. It will also be available under NextSource's

profile on SEDAR at www.sedar.com and EDGAR at www.sec.gov.

Registered Shareholders of NextSource

Registered shareholders (those who hold physical stock certificates) may vote by:

 Internet: Send completed proxy card to [email protected]

 Telephone: 1-416-364-4911 extension 305

 Facsimile: Fax completed proxy card to 1-416-364-2753

 By mail or attending the meeting in person: 145 Wellington St. West, Suite 1001, Toronto,

ON

If You Hold Shares with a Bank or Broker (Non-registered shareholders)

Shareholders who hold shares of NextSource through a bank or other intermediary will, in most

cases, receive a voting instruction form as part of the meeting materials. Non-registered

shareholders are encouraged to carefully follow the instructions found therein, on how to submit their

votes.

The proxy cut-off date for shares to be voted in advance of the Meeting will be on December 1, 2017.

STOCKHOLDERS QUESTIONS

Stockholders of NextSource who have questions regarding the Redomicile may contact the

Company's Senior Vice President directly by email at [email protected].

Stockholders who may require assistance with voting may contact TSX Trust Company by telephone

or email as set forth below.

TSX Trust Company

By telephone at: 1-866-600-5869. By email at: [email protected]

ABOUT NEXTSOURCE MATERIALS INC.

NextSource Materials Inc. is a mine development company based in Toronto, Canada, that is

developing its 100%-owned Molo Graphite Project in southern Madagascar to expected production

in 2018. The Molo Graphite Project is a feasibility-stage, shovel-ready project and ranks as one of

the largest-known and highest quality flake graphite deposits in the world and the only project with

SuperFlake® graphite.

Safe Harbour: This press release contains statements that may constitute "forward-looking

statements" within the meaning of applicable Canadian and United States securities legislation.

Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-

looking statements in this press release relates to the anticipated benefits of the Redomicile, the

approval of the Redomicile by our stockholders, the holding of the AGM, trading of our shares on the

TSX and OTCQB, and the continued conduct of our business. These are based on current

expectations, estimates and assumptions that involve a number of risks, which could cause actual

results to vary and in some instances to differ materially from those anticipated by the Company and

described in the forward-looking statements contained in this press release. Readers are

encouraged to review the Company's 10-K as well as the Proxy Statement, especially the risk

factors contained therein. No assurance can be given that any of the events anticipated by the

forward-looking statements will transpire or occur or, if any of them do so, what benefits the

Company will derive there from. The forward-looking statements contained in this news release are

made as at the date of this news release and the Company does not undertake any obligation to

update publicly or to revise any of the forward-looking statements, whether as a result of new

information, future events or otherwise, except as may be required by applicable securities laws.

This communication does not constitute an offer to sell or the solicitation of an offer to buy our

securities or the solicitation of any vote or approval. In connection with the proposed Redomicile, on

October 30, 2017, the Company filed with the SEC an amendment to its registration statement on

Form S-4 (Registration No. 333-220899) that includes a preliminary prospectus/preliminary proxy

statement of the Company, which registration statement was declared effective on November 1,

2017. The Company filed the definitive proxy statement/prospectus with the SEC on November 2,

2017, which is being mailed to shareholders of the Company on or about November 13, 2017.

INVESTORS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS

(INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) CAREFULLY AND ANY

OTHER MATERIALS IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN

AND WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED REDOMICILE AND

THE COMPANY. Investors may obtain a free copy of the definitive proxy statement/prospectus and

other relevant documents (when available) filed and to be filed with the SEC from the SEC's web site

at www.sec.gov or at the Company's web site at www.nextsourcematerials.com. Investors will also

be able to obtain, without charge, a copy of the definitive proxy statement/prospectus and other

relevant documents (when available) by directing a request by mail or telephone to Investor

Relations, NextSource Materials Inc., 145 Wellington Street West, Suite 1001,Toronto, Ontario,

Canada M5J 1H8, telephone 1.416.364.4911 ext. 305 or by email at [email protected].

The Company and its directors and officers may be deemed to be participants in the solicitation of

proxies from the Company's shareholders in connection with the proposed Redomicile. Information

about these persons is set forth in the definitive proxy statement/prospectus and in documents

subsequently filed by its directors and officers under the Securities Exchange Act of 1934, as

amended. Investors may obtain additional information regarding the interests of such persons, which

may be different from those of the Company's shareholders generally, by reading the definitive proxy

statement/prospectus and other relevant documents regarding the proposed redomicile transaction

filed and to be filed with the SEC.

For further information contact:

+1.416.364.4911

Brent Nykoliation

Senior Vice President, Corporate Development

[email protected]

Craig Scherba

President and CEO

[email protected]