Nouveau Monde Announces the Closing of a Private Placement of $2,261,980

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PRESS RELEASE For immediate issue

NOUVEAU MONDE ANNOUNCES THE CLOSING OF A PRIVATE PLACEMENT OF $2,261,980

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN THE UNITED STATES.

Montréal, December 23th, 2016. NOUVEAU MONDE MINING ENTERPRISES INC. (“Nouveau Monde” or the

“Corporation”) (TSX-V: NOU) is pleased to announce that it has closed two non-brokered private

placements (the “Offering”), the first one of a total of 8,067,306 units (the “Units”), at a price of $0.23 per

Unit, for an aggregate gross proceeds of $ 1,855,480, and the second one of a total of 1,354,998 flow-

through shares (the “FT Shares”), at a price of $0. 30 per FT Shares , for an aggregate gross proceeds of

$406,499. Each Unit is comprised of one common share of the Corporation and one common share

purchase warrant. Each common share purchase warrant shall entitle the holder thereof to subscribe for

one common share of the capital stock of the Corporation, at a price of $0.35 per common share, for a

period of 24 months following the closing. The aggregate gross proceeds of the Offering will be used by the

Corporation to incur exploration expenses on its Matawinie property located in the province of Québec and

for its working capital.

The Chief Executive Officer, the Chief Financial Officer and a director of the Corporation have subscribed in

the Offering as follow: 50,000 FT shares were subscribed by Mr. Eric Desaulniers, 100,000 Units and 25,000

FT shares were subscribed by Mr. Charles-Olivier Tarte and 86,957 Units were subscribed by Nicolas

Tremblay, which constitute “related parties transactions” within the meaning of Regulation 61 -101

respecting Protection of Minority Security Holders in Special Transactions (“Regulation 61 -101”) and TSX

Venture Exchange Policy 5.9 – Protection of Minority Security Holders in Special Transactions. However, the

directors of the Corporation who voted in favour of the Offering have determined that the exemptions from

formal valuation and minority approval requirements provided for respectively under subsections 5.5(a)

and 5.7(1)(a) of Regulation 61-101 can be relied on as neither the fa ir market value of the shares issued to

Mr. Desaulniers, Mr. Tarte or Mr. Tremblay nor the fair market value of the consideration paid exceed 25%

of the Corporation’s market capitalization. None of the Corporation’s directors has expressed any contrary

views or disagreements with respect to the foregoing.

Les placements Charles-Armand Turpin inc. (“Placement”), a corporation wholly owned by Fiducie Familiale

Turpin (“Fiducie”) who is controlled by Mr. Charles -Armand Turpin, has subscribed for 4,348,000 Units of

Nouveau Monde for an aggregate gross proceeds of $1,000,040. Pursuant to this subscription, Mr. Charles-

Armand Turpin will be considered an insider of Nouveau Monde within the meaning of Regulation 55-104

respecting Insider Reporting Requirements and Exemptions and the policies of the TSX Venture Exchange

(the “Exchange”). The portion of the subscription of Placement above 9.9 % of all the issued and

outstanding common shares of Nouveau Monde representing 702,000 common shares must be approved

by the Exchange and will be kept in trust pending such approval. Mr. Charles-Armand Turpin also convened

not to exercise any warrants or options over which he exercises control, either directly or indirectly until

the final approval of the Exchange.

A material change report in respect of this related party transaction will be filed by the Corporation but

could not be filed earlier than 21 days prior to the closing of the Offering due to the fact that the terms of

the participation of each of the non -related parties and the related party in the Offering were not

confirmed.

All securities issued pursuant to this Offering are subject to a restricted period of four months and a day.

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The Corporation paid to Exempt Market Dealers acting as finders pursuant to the Offering (the “ Finders”)

in consideration for their services rendered in connection with the Offering, an aggregate cash commission

of $49,373 and aggregate number of 193,180 Broker Options to purchase of up to 193,180 common shares

in the capital stock of the Corporation, at a price of $ 0.35 per common share, within a delay of 24 months

after the closing of the Offering.

The Corporation expects to be able to file shortly all required documentation to satisfy the conditional

acceptance of the Exchange.

The securities issued under the Offering have not been registered under the United States Securities Act of

1933 (the “ Act”) or any state securities laws and, accordingly, may not be offered or sold to, except in

compliance with exemptions from the registration requirements of the Act and ap plicable state securities

laws. This press release does not constitute an offer to sell any securities or a solicitation of an offer to

purchase any securities, nor shall there be any sale of the securities in any jurisdiction in which such offer,

solicitation or sale would be unlawful prior to the registration or qualification of the securities under the

securities laws or an exemption from the application of such laws.

The Corporation announces that it has retained the services of Renmark Financial Communications Inc. for

investor relations activities. In consideration of the services to be provided, the Corporation has agreed to

pay a monthly retainer of $5,000 starting December 1 st, 2016 to Renmark Financial Communications Inc.

for a period of 6 months. Renmark Financial Communications Inc. does not have any interest, directly or

indirectly, in the Corporation, or its securities, or any right or known intention to acquire such an interest.

About Nouveau Monde

Nouveau Monde owns the Matawinie’s Tony graphite deposit discovered by the company in 2015 on which

a 43 -101 Preliminary Economical Assessment was completed in June 2016 that demonstrated strong

economics for the production of 50,000 tpy of high purity flake graphite for 25.7 years with solid a

operational margin and relatively low capital expenditure ( http://nouveaumonde.ca/matawinie-

summary/). The project is located in the Saint -Michel-des-Saints area, some 130 km north of Montreal,

Quebec, Canada with direct access to all needed infrastructure, labor and green and affordable

hydroelectricity. Nouveau Monde is developing its project with the highest corporate social responsibili ty

standards and the lowest environmental footprint (targeting a net zero carbon emission operation). Eric

Desaulniers, M.Sc., P.Geo., a Qualified Person under NI 43 -101 guidelines, has reviewed and is responsible

for Nouveau Monde’s technical information presented in this news release.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and

other factors that may cause Nouveau Monde actual results, performance and achievements to be

materially different from the results, performance or achievements expressed or implied therein. Neither

TSX Venture Exchange nor its Regulation Services. Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

For further information, please contact:

Éric Desaulniers, MSc, Géo

President and Chief Executive Officer of Nouveau Monde

(819) 923-0333