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Nemaska Exploration Updates on Whabouchi Project in Quebec

NEMASKA EXPLORATION INC. has provided an update on the on-going exploration program at its 100% owned Whabouchi property (about 1,716 hectares) that is located in the James Bay Region of Quebec.

To date, the Company has drilled 23 holes or 4,200 metres at Whabouchi. Mineralized zones were intersected where expected during the drilling thus far. The objectives of this diamond drill program are to obtain a representative sample across the deposit to be used in pilot plant metallurgical testing planned for winter 2011 and to update the initial resource estimate published on July 14, 2010 by SGS Geostat. Drilling was halted for the holiday break and resumed early last week. The Company expects to complete the drilling in early March with 48 holes planned for a total of 10,000 metres.

"Drilling is progressing rapidly at Whabouchi and we will be providing the market with drill results on a regular basis over the next few months," commented Guy Bourassa, President and CEO of Nemaska Exploration. "We are also expecting the results from our Preliminary Economic Assessment to be out in the next few weeks. This is the first step in moving the project toward feasibility."

The technical sections of this press release have been prepared by Yvan Bussières, P. Eng. qualified person as defined in National instrument 43-101.

Source: NEMASKA EXPLORATION INC.

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