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NXE.TO ·

NexGen Provides Update to Annual General and Special Meeting to be

Shareholder Meetings

NexGen Provides Update to Annual General and Special Meeting to be

Held June 11, 2020

Vancouver, BC, June 2 , 2020 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE)

is providing an update to its Annual General and Special Meeting (“AGM”) which will be held on Thursday, June

11, 2020 at 2:00 p.m. (Pacific Time).

Given the current Provincial Health guidelines restricting large gatherings due to COVID-19 and in order to comply

with the measures imposed by the federal , provincial and municipal governments , the Company strongly

encourages NexGen shareholders and others not to attend the Meeting in person; particularly if they are

experiencing any of the described COVID -19 symptoms of fever, cough or difficulty breathing. Instead the

Company is encouraging shareholders to complete their proxy, included in the Meeting materials and return such

proxy as indicated. Shareholders are also being provided with the opportunity to attend and participate in the

Meeting by conference line below:

• (+1) 778-383-7413 (Local Vancouver)

• (+1) 416-764-8659 (Local Toronto)

• (+1) 888-664-6392 (North America Toll Free)

• Conference ID: 01641015

Please note that voting by telephone at the Meeting will not be permitted and Shareholders planning to attend

on the conference line should be sure to complete and return a proxy.

For Shareholders who wish to attend the Meeting in person, please provide notice beforehand by email to

[email protected] of their intention to attend in person to ensure that the Company can maintain physical

distancing and comply with the then current direction and advice from federal, provincial and municipal levels

of government. Current requirements for physical distancing may limit the number of Shareholders permitted to

attend the Meeting in person and the Company will confirm via email in advance by June 9, 2020 with permitted

attendees.

NexGen encourages shareholders to read the meeting materials, which have been filed on SEDAR

(www.sedar.com) and are on the Company’s website at https://www.nexgenenergy.ca/investors/agm/.

Shareholder Information and Questions

NexGen shareholders who have questions about the management information circular, or require assistance

with voting their shares can contact the Company’s proxy solicitation agent, Laurel Hill Advisory Group:

Laurel Hill Advisory Group

North America Toll Free: 1-877-452-7184

Outside North America: 1-416-304-0211

Email: [email protected]

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of

Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a

successful track record in the discovery of ur anium deposits and in developing projects through discovery to

production.

NexGen owns a portfolio of prospective uranium exploration assets in

the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit

discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the

Arrow South discovery in July 2017. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the 2019

Environmental and Social Responsibility Award.

Contact Information

Leigh Curyer

Chief Executive Officer

NexGen Energy Ltd.

+1 604 428 4112

[email protected]

www.nexgenenergy.ca

Travis McPherson

Senior Vice President Corporate Development

NexGen Energy Ltd.

+1 604 428 4112

[email protected]

http://www.nexgenenergy.ca

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of the United States

Private Securities Litigation Reform Act of 1995 and "forward -looking information" within the meaning of

applicable Canadian securitie s legislation. "Forward -looking information" includes, but is not limited to,

statements with respect to the activities, events or developments that the Company expects or anticipates will or

may occur in the future. Generally, but not always, forward-looking information and statements can be identified

by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",

"intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases

or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be

achieved" or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions,

estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward -

looking information and statements are made based upon numerous assumptions, including among others, that

the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the

price of uranium, the cost of planned exploration activities, that financing will be available if and when needed

and on reasonable terms, th at third party contractors, equipment, supplies and governmental and other

approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and

in a timely manner and that general business and economic conditions will not change in a material adverse

manner. Although the assumptions made by the Company in providing forward looking information or making

forward looking statements are considered reasonable by management at the time, there can be no assurance

that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other

factors, which may cause actual results, performances and achievements of NexGen to differ materially from any

projections of results, performances and achievements of NexGen expressed or implied by such forward-looking

information or statements, including, among others, negative operating cash flow and dependence on third party

financing, uncertainty of the av ailability of additional financing, the risk that pending assay results will not

confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of

alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration

risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties,

uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain requir ed permits and

licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors

discussed or referred to in the Company's Annual Information Form dated March 11, 2020 under "Risk Factors".

Although the Company has attempted to identify important factors that could cause actual results to differ

materially from those contained in the forward -looking information or implied by forward -looking information,

there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual

results and future events could differ materially from those anticipated, estimated or intended. Accordingly,

readers should not place undue reliance on forward-looking statements or information. The Company undertakes

no obligation to update or reissue forward -looking information as a result of new information or events except

as required by applicable securities laws.

SOURCE NexGen Energy Ltd.