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The Conseil Des Atikamekw de Manawan, the Conseil de LA Nation Atikamekw and Nouveau Monde Graphite Announce the Signing of a Framework Agreement Regarding the Matawinie Project

Partnerships & JV

THE CONSEIL DES ATIKAMEKW DE MANAWAN, THE CONSEIL DE LA NATION

ATIKAMEKW AND NOUVEAU MONDE GRAPHITE ANNOUNCE THE SIGNING OF A

FRAMEWORK AGREEMENT REGARDING THE MATAWINIE PROJECT

April 12, 2018 FOR IMMEDIATE RELEASE

SAINT-MICHEL-DES-SAINTS, QUEBEC – Mr. Jean-Roch Ottawa, Chief of the Conseil

des Atikamekw de Manawan (CDAM) and Mr. Constant Awashish, Grand Chief of the

Atikamekw Nation and Atikamekw Sipi (CNA) as well as Mr. Éric Desaulniers, President

and CEO of Nouveau Monde Graphite Inc. (« NMG ») (TSX-V: NOU) are proud to

announce the signing of a framework that will establish the terms of discussions and

negotiations leading to the conclusion of a predevelopment agreement. Once that is

underway, an agreement on repercussions and benefits will also be drawn. All this, in a

spirit of reciprocal respect, and in order to conciliate rights and interests of the Atikamekw

community regarding the mining activities undertaken by NMG for its Matawinie project

and demonstration facility.

The present framework agreement establishes negotiation topics to be discussed and

goals to be met in order to arrive at a successful agreement in the best interests of all

parties concerned. It also states subjects and guidelines to consider throughout the

discussion process to favour an environment propitiatory to a sound negotiation. The

strong desire to make the Matawinie project a vector of pride for concerned parties

inscribes itself in a committed willingness to develop in the most sustainable way possible,

on all levels of operations.

“This framework agreement serves to consolidate the existing harmonious accord

between NMG and the Atikamekw nation. As our first agreement signed between

concerned parties, it acts as the founding pillars of the innovative and sustainable regional

and community development project we wish to see follow through,” explains Éric

Desaulniers, NMG President and CEO. Jean-Roch Ottawa, Chief of CDAM adds: “ This

Framework Agreement is the first step in a historic negociations process leading to an

Impact and Benefit Agreement for our Nation, providing context for discussions based on

mutual trust and respect..” Constant Awashish, Grand Chief of the Atikamekw nation

comments: “The NMG mining project resides on land that has not been ceded by the

Atikamekw. That is why it is crucial for the predevelopment agreement and the impact and

benefit agreement to showcase prominent development leverage for both parties.”

A working cell has been set up to brainstorm, discuss and develop a predevelopment

agreement and to do so in a timely fashion. The working cell will also see to determine the

most favorable requisites to a successful agreement in which the Atikamekw community

incessantly play an inclusive role in the Matawinie project as well as the demonstration

facility, forecasted to open Summer 2018. In addition to this dedicated working cell, a

member of the Atikamekw community of Manawan as well as an official of the Conseil de

la Nation Atikamekw will sit at the table of a support committee established by NMG. This

support committee plays an active role in the NMG’s implementation of many actions with

the goal of ensuring that the mining project develops itself successfully and in full

collaboration with its hosting communities.

About the Conseil des Atikamekw de Manawan

The Manawan community is located 120 kilometres west of La Tuque and 72 kilometres

north of Saint-Michel-des-Saints, on the south shore of the Métabeskéga Lake. Members

of the Conseil des Atikamekw de Manawan are elected representatives of the community.

They serve as the sole officials entrusted with the general management of the reserve

under right delegations given by the Minister of Native Affairs and of Northern Canada.

One of the main roles confided to the Conseil des Atikamekw de Manawan is to deliver

public services to the population in conformity to financing agreements. The Conseil des

Atikamekw de Manawan is composed of the Council Chief as well as of six councillors, all

elected for a four-year mandate. Jean-Rock Ottawa is the current Chief of Council.

About the Conseil de la Nation Atikamekw

Founded in 1982, the Conseil de la Nation Atikamekw—Atikamekw Sipi (CNA) is a non-

profit organization that sprang from the will of Manawan Atikamekw, Opitciwan and

Wemotaci councils to unite their programs and services and better serve the Atikamekw

population.

As a tribal council, the CNA dispenses counselling services such as technical services

and council in economic development management. Other delegated public services are

also offered such as social services and educational, linguistic and cultural services.

In parallel, the CNA is actively negotiating an agreement in principle with the Canadian

and Quebecois governments in view of a treaty signing. The CNA also plays a political

role that supports and promotes historical, political, economic, cultural and social

aspirations of the Atikamekw nation.

About Nouveau Monde Graphite

Geologist and mining exploration expert Éric Desaulniers founded Nouveau Monde

Graphite (NMG) in 2012. In 2015, thanks to the innovative use of 3D geodesic modelling

technology, NMG discovered two major and high-quality graphite deposits on its

Matawinie property, located in Saint-Michel-des-Saints, 150 km north of Montreal,

Quebec. NMG then stepped out of its exploration phase to enter an era of development,

having secured financial support with prominent venture capitalists and bankers.

On October 25, 2017, NMG revealed the results of its pre-feasibility study, independently

conducted in accordance to the “Canadian Institute of Mining, Metallurgy and Petroleum”.

The study proved the high graphite content and quality and showed the industrial

exploitation potential of the deposit located in the West Zone of its property. Having

secured $13.7 M, during the Summer of 2018, NMG plans on operating a demonstration

facility with a capacity to hold up to 1,000 tonnes of graphite concentrate flakes a year.

The two-year project’s goal is to produce and characterize various forms of graphite to

meet the needs expressed by potential industrial clients. All the while, NMG will finalize

investments and start working on the development of an open-pit mine and the creation

of a treatment facility capable of producing 52,000 tonnes of concentrate a year. Both the

mining operation and the plant will be fully electric.

Finally, in a vertical integration and sustainable development perspective, NMG has begun

planning the establishment of a large-scale graphite secondary transformation facility. This

will cater to the ever-growing popularity and use of lithium-ion batteries and would be the

only existing manufacture of its kind in North America.

Our team at NMG has more than 40 years of recent experience with graphite. NMG

develops its projects in the utmost respect of the neighbouring communities while

favouring a minimal ecological footprint. NMG has many direct accesses to labour and

needed infrastructure for its operations, such as an abundant source of affordable and

renewable hydroelectricity.

Symbol: NOU (TSX Venture Exchange), OTCQX: NMGRF, Frankfurt: NM9

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defined in the policies of the TSX Venture Exchange) accepts responsibility for the

adequacy or accuracy of this release.

All statements, other than statements of historical fact, contained in this press release

including, but not limited to (i) generally, or the “About Nouveau Monde Graphite”

paragraphs which essentially describe the Corporation’s outlook and objectives, constitute

''forward-looking information'' or ''forward-looking statements'' within the meaning of

certain securities laws, and are based on expectations, estimates and projections as of

the time of this press release. Forward looking statements are necessarily based upon a

number of estimates and assumptions that, while considered reasonable by the

Corporation as of the time of such statements, are inherently subject to significant

business, economic and competitive uncertainties and contingencies. These estimates

and assumptions may prove to be incorrect.

Many of these uncertainties and contingencies can directly or indirectly affect, and could

cause, actual results to differ materially from those expressed or implied in any forward-

looking statements. There can be no assurance that forward-looking statements will prove

to be accurate, as actual results and future events could differ materially from those

anticipated in such statements. Forward-looking statements are provided for the purpose

of providing information about management's expectations and plans relating to the future.

The Corporation disclaims any intention or obligation to update or revise any forward-

looking statements or to explain any material difference between subsequent actual

events and such forward-looking statements, except to the extent required by applicable

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Further information regarding Nouveau Monde is available in the SEDAR database

(www.sedar.com) and on the Corporation's website at: www.nouveaumonde.ca