NexGen Releases First Assays from Recently Completed Arrow Drilling Program Including 12.0 m at 33.78% U3O8 and 8.0 m at 32.88% U3O8

2019-10-09

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VANCOUVER, Oct. 9, 2019

VANCOUVER, Oct. 9, 2019/CNW/ -NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE, NYSE MKT: NXE)is pleased to report the first batch of assay results for twenty holes from the Company's recently completed Phase I Feasibility-stage drilling program at the 100% owned, Rook I Project in the AthabascaBasin, Saskatchewan.

The 2019 Arrow drilling program targeted the A2 and A3 High-Grade Domains to deliver an optimization of the mine plan at a drill hole spacing of between 9 mand 17 m(based on a geostatistical data spacing report compiled by Clayton V. Deutschfrom Resource Modeling Solutions). The holes are designed to in-fill the A2 high-grade domain and elevate the resource from indicated to measured. All drill holes were collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology. The results below highlight intersections through the A2 High-Grade Domains only, for complete hole results please see results Table 1.

A2 High-Grade Domain Highlights

AR-19-225c1 intersected 36.0 mat 11.36% U3O8(564.0 to 600.0 m) including 12.0 mat 33.78% U3O8(570.0 to 582.0 m). The target was intersected at a dip of -56.4° approximately 7.0 mup-dip from AR-16-063c3 (15.0 mat 8.28% U3O8and an additional 119 mat 2.3% U3O8);

AR-19-221c1 intersected 26.0 mat 10.39% U3O8(523.5 to 549.5 m) including 8.0 mat 32.88% U3O8(527.5 to 535.5 m). The target was intersected at a dip of -57° approximately 9.0 malong strike to the northeast of AR-16-111c1 (60.0 mat 4.70% U3O8including 17.0 mat 15.79% U3O8);

AR-19-224c1 intersected 21.0 mat 15.36% U3O8(554.5 to 575.5 m) including 14.0 mat 22.69% U3O8(554.5 to 568.5 m).. The target was intersected at a dip of -58.7° approximately 13.0 mup-dip from AR-16-064c1 (48.5 mat 6.97% U3O8);

AR-19-222c1 intersected 58.0 mat 4.12% U3O8(493.5 to 551.5 m) including 13.0 mat 17.14% U3O8(528.5 to 541.5 m). The target was intersected at a dip of -58.7° approximately 9.0 mup-dip from AR-16-091c2 (40.5 mat 12.69% U3O8including 25.0 mat 19.97% U3O8);

AR-19-227c2 intersected 49.0 mat 2.93% U3O8(460.0 to 509.0 m) including 3.0 mat 22.66% U3O8(504.0 to 507.0 m). The target was intersected at a dip of -59.2° approximately 13.0 mdown-dip from AR-19-227c1 (44.0 mat 1.73% U3O8 including 7.0 mat 9.69% U3O8).

Drill hole locations are shown in Figure 1, full drilling results can be found in Table 1. Drill hole descriptions can be found at www.nexgenenergy.ca

Development, Activities & Financial

Expediting Arrow to Feasibility focusing on mine optimization plans based on Measured and Indicated mineral resources.

NexGen commenced an Environmental Assessment on the Rook I Project on April 29, 2019in accordance with the requirements of both the Environmental Assessment Act and the Canadian Environmental Assessment Act, 2012 ("CEAA 2012") after receiving acceptance of the Rook I Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission ("CNSC") and the Saskatchewan Ministry of Environment ("SMOE"). In addition, NexGen filed an Initial Licence Application with the CNSC under the Nuclear Safety and Control Act in order to obtain a Licence to Prepare Site and Construct for the Project.

As of September 30, 2019, the Company had cash-on-hand of approximately $75 millionwhich fully funds NexGen for all drilling, feasibility and development programs planned this year.

Recently completed winter 2019 Arrow drilling program was comprised of 131 holes totaling 57,282.4 mof which 117 drill holes, totaling 50,968 m. Fourteen drill holes totaling 6,314.4 mwere primarily designed to test the geotechnical and hydrogeological characteristics of the rock mass in areas of proposed mine workings and UGTMF – these holes are still pending release.

Leigh Curyer, Chief Executive Officer, commented: "Today's assay results from Arrow once again highlight the continuity of high-grade intersections. The regular and uniform return of broad high grade intercepts is unique especially when considering the basement hosted and land-based technical setting of the project. There are over 100 more assays pending to be released in the coming months to be incorporated into the Feasibility Study scheduled for H1 2020. In parallel, the team is working on all aspects of the Environmental Assessment with studies scheduled for completion in H2 2020. As recently reported by uranium industry observers, the uranium market dynamics have improved significantly and are forecast to improve further in the short, medium and long term. In addition, the expanding initiative to commercially deploy small modular reactors is seen as an important measure to address the world's climate change challenge in a safe, environmentally responsible manner. NexGen is uniquely positioned for this initiative as we progress through development."

Troy Boisjoli, Vice-President, Operations and Project Development, commented: "The initial assay release from our recently completed 2019 Feasibility-stage Arrow drill program continues to deliver a continuation of high grade mineralization across the A2 and A3 high-grade domains. When taking into account the shallow angle of intersection using the latest in directional drill technology, these results today are among the very best ever encountered at Arrow. Today's results along with rest of the Arrow drilling program will be incorporated into the updated Mineral Resource estimate for use in the Feasibility Study. The results demonstrate the strength of the Arrow Deposit and of the drilling process – which is both time efficient and cost effective – and has achieve significant results in a short period of time."

Table 1: Arrow Deposit Drill Hole Data

| Drill Hole | Athabasca Group - Basement Unconformity Depth (m) | SRC Geoanalytical Results | | | | | | | | Hole ID | Azimuth | Dip | Total Depth (m) | From (m) | To (m) | Width (m) | U3O8 (wt%) | | | AR-19-221c1 | 327 | -65 | 576 | 129.5 | 431.50 | 433.50 | 2.0 | 0.08 | | | | | | | 442.50 | 449.50 | 7.0 | 0.02 | | | | | | | 477.50 | 487.50 | 10.0 | 0.03 | | | | | | | 495.50 | 498.50 | 3.0 | 0.06 | | | | | | | 502.50 | 507.50 | 5.0 | 0.01 | | | | | | | 510.50 | 517.50 | 7.0 | 0.11 | | | | | | | 523.50 | 549.50 | 26.0 | 10.39 | | | | | | incl. | 527.50 | 535.50 | 8.0 | 32.88 | | | | | | | 556.50 | 557.50 | 1.0 | 0.01 | | AR-19-221c2 | 327 | -65 | 597.5 | N/A | 408.00 | 408.50 | 0.5 | 0.05 | | | | | | | 426.50 | 430.50 | 4.0 | 0.06 | | | | | | | 437.50 | 438.50 | 1.0 | 0.02 | | | | | | | 441.50 | 442.50 | 1.0 | 0.01 | | | | | | | 479.00 | 480.00 | 1.0 | 0.017 | | | | | | | 484.00 | 489.00 | 5.0 | 0.01 | | | | | | | 494.00 | 523.00 | 29.0 | 0.07 | | | | | | | 540.00 | 563.00 | 23.0 | 1.86 | | | | | | incl. | 541.00 | 548.00 | 7.0 | 4.22 | | | | | | | 591.50 | 592.00 | 0.5 | 0.021 | | AR-19-222c1 | 327 | -65 | 597.5 | 133.45 | 400.50 | 404.50 | 4.0 | 0.07 | | | | | | | 422.00 | 426.00 | 4.0 | 0.05 | | | | | | | 437.50 | 440.50 | 3.0 | 0.18 | | | | | | | 445.50 | 482.50 | 37.0 | 0.08 | | | | | | incl. | 456.50 | 459.50 | 3.0 | 0.48 | | | | | | | 489.50 | 490.50 | 1.0 | 0.02 | | | | | | | 493.50 | 551.50 | 58.0 | 4.12 | | | | | | incl. | 528.50 | 541.50 | 13.0 | 17.14 | | | | | | incl. | 544.50 | 547.50 | 3.0 | 2.73 | | | | | | | 557.50 | 559.50 | 2.0 | 0.14 | | | | | | | 576.50 | 577.50 | 1.0 | 0.03 | | | | | | | 581.50 | 582.50 | 1.0 | 0.01 | | AR-19-222c2 | 327 | -65 | 594 | N/A | 405.00 | 406.00 | 1.0 | 0.03 | | | | | | | 412.00 | 413.00 | 1.0 | 0.04 | | | | | | | 417.00 | 418.00 | 1.0 | 0.16 | | | | | | | 433.00 | 471.00 | 38.0 | 0.14 | | | | | | | 474.00 | 493.00 | 19.0 | 0.03 | | | | | | | 497.00 | 539.00 | 42.0 | 3.83 | | | | | | incl. | 509.00 | 522.00 | 13.0 | 11.81 | | | | | | incl. | 534.00 | 535.00 | 1.0 | 2.41 | | | | | | | 543.00 | 547.00 | 4.0 | 0.50 | | | | | | incl. | 544.00 | 545.00 | 1.0 | 1.90 | | AR-19-223c1 | 327 | -65 | 588 | 133.6 | 435.00 | 439.00 | 4.0 | 0.06 | | | | | | | 442.00 | 443.00 | 1.0 | 0.01 | | | | | | | 446.00 | 460.00 | 14.0 | 0.20 | | | | | | | 464.00 | 487.00 | 23.0 | 0.02 | | | | | | | 490.00 | 529.00 | 39.0 | 0.09 | | | | | | | 532.00 | 549.00 | 17.0 | 1.82 | | | | | | incl. | 539.00 | 542.00 | 3.0 | 8.45 | | | | | | | 553.00 | 561.00 | 8.0 | 0.17 | | | | | | | 567.00 | 571.00 | 4.0 | 0.05 | | AR-19-223c2 | 327 | -65 | 615.5 | N/A | 428.50 | 438.50 | 10.0 | 0.01 | | | | | | | 444.50 | 467.50 | 23.0 | 0.08 | | | | | | incl. | 455.50 | 460.50 | 5.0 | 0.25 | | | | | | | 472.50 | 475.50 | 3.0 | 0.01 | | | | | | | 478.50 | 481.50 | 3.0 | 0.01 | | | | | | | 487.50 | 516.50 | 29.0 | 0.04 | | | | | | | 522.50 | 531.50 | 9.0 | 0.02 | | | | | | | 536.50 | 558.50 | 22.0 | 4.48 | | | | | | incl. | 541.50 | 550.50 | 9.0 | 10.79 | | | | | | | 564.50 | 576.50 | 12.0 | 0.32 | | | | | | incl. | 567.50 | 568.50 | 1.0 | 2.44 | | | | | | | 581.50 | 583.50 | 2.0 | 0.01 | | AR-19-223c3 | 327 | -65 | 586.5 | N/A | 417.50 | 418.00 | 0.5 | 0.04 | | | | | | | 425.00 | 426.00 | 1.0 | 0.08 | | | | | | | 435.00 | 448.00 | 13.0 | 0.08 | | | | | | | 451.00 | 460.00 | 9.0 | 0.12 | | | | | | | 462.50 | 465.00 | 2.5 | 0.02 | | | | | | | 468.50 | 470.50 | 2.0 | 0.03 | | | | | | | 473.00 | 495.00 | 22.0 | 0.04 | | | | | | | 498.00 | 551.00 | 53.0 | 0.67 | | | | | | incl. | 536.00 | 545.00 | 9.0 | 3.58 | | | | | | | 559.00 | 566.00 | 7.0 | 1.20 | | | | | | incl. | 562.00 | 564.00 | 2.0 | 3.96 | | | | | | | 570.00 | 575.00 | 5.0 | 0.02 | | AR-19-224c1 | 327 | -65 | 597.5 | 129.45 | 443.00 | 456.00 | 13.0 | 0.03 | | | | | | | 465.00 | 466.00 | 1.0 | 0.04 | | | | | | | 469.00 | 474.00 | 5.0 | 0.09 | | | | | | | 497.50 | 506.50 | 9.0 | 0.04 | | | | | | | 509.50 | 512.50 | 3.0 | 0.03 | | | | | | | 519.50 | 551.50 | 32.0 | 0.04 | | | | | | incl. | 549.50 | 550.50 | 1.0 | 0.35 | | | | | | | 554.50 | 575.50 | 21.0 | 15.36 | | | | | | incl. | 554.50 | 568.50 | 14.0 | 22.69 | | AR-19-224c2 | 327 | -65 | 612.5 | N/A | 441.00 | 454.00 | 13.0 | 0.04 | | | | | | | 462.00 | 464.00 | 2.0 | 0.01 | | | | | | | 476.00 | 479.00 | 3.0 | 0.17 | | | | | | | 492.00 | 503.00 | 11.0 | 0.08 | | | | | | | 506.00 | 509.00 | 3.0 | 0.04 | | | | | | | 512.00 | 514.00 | 2.0 | 0.02 | | | | | | | 518.00 | 519.00 | 1.0 | 0.03 | | | | | | | 523.00 | 532.00 | 9.0 | 0.01 | | | | | | | 538.00 | 572.00 | 34.0 | 8.96 | | | | | | incl. | 550.00 | 564.00 | 14.0 | 20.99 | | | | | | | 580.00 | 586.00 | 6.0 | 0.21 | | | | | | incl. | 582.00 | 583.00 | 1.0 | 1.07 | | AR-19-225c1 | 327 | -65 | 627.5 | 128.7 | 450.00 | 450.50 | 0.5 | 0.03 | | | | | | | 474.00 | 474.50 | 0.5 | 0.01 | | | | | | | 494.00 | 496.00 | 2.0 | 0.02 | | | | | | | 500.00 | 507.00 | 7.0 | 0.04 | | | | | | | 520.00 | 526.00 | 6.0 | 0.05 | | | | | | | 531.00 | 532.00 | 1.0 | 0.13 | | | | | | | 536.00 | 542.00 | 6.0 | 0.01 | | | | | | | 545.00 | 546.00 | 1.0 | 0.16 | | | | | | | 554.00 | 556.00 | 2.0 | 0.02 | | | | | | | 559.00 | 561.00 | 2.0 | 0.02 | | | | | | | 564.00 | 600.00 | 36.0 | 11.36 | | | | | | incl. | 570.00 | 582.00 | 12.0 | 33.78 | | AR-19-225c2 | 327 | -65 | 636.5 | N/A | 472.50 | 474.50 | 2.0 | 0.04 | | | | | | | 478.50 | 480.50 | 2.0 | 0.13 | | | | | | | 530.50 | 536.50 | 6.0 | 0.02 | | | | | | | 556.50 | 598.50 | 42.0 | 3.08 | | | | | | incl. | 574.50 | 589.50 | 15.0 | 8.31 | | | | | | | 601.50 | 607.50 | 6.0 | 0.02 | | AR-19-226c1 | 327 | -65 | 564.5 | 131.5 | 362.00 | 363.00 | 1.0 | 0.02 | | | | | | | 446.50 | 447.50 | 1.0 | 0.04 | | | | | | | 456.50 | 468.50 | 12.0 | 0.03 | | | | | | | 472.50 | 473.50 | 1.0 | 0.13 | | | | | | | 480.50 | 483.50 | 3.0 | 0.03 | | | | | | | 491.50 | 508.50 | 17.0 | 0.11 | | | | | | incl. | 506.50 | 508.50 | 2.0 | 0.35 | | | | | | | 512.50 | 528.50 | 16.0 | 9.65 | | | | | | incl. | 512.50 | 516.50 | 4.0 | 32.75 | | | | | | | 536.50 | 539.50 | 3.0 | 0.41 | | AR-19-226c1a | 327 | -65 | 177 | 144.15 | No Anomolous Radioactivity | | | | | AR-19-226c2 | 327 | -65 | 567 | N/A | 453.00 | 454.50 | 1.5 | 0.02 | | | | | | | 457.50 | 458.00 | 0.5 | 0.03 | | | | | | | 463.00 | 469.00 | 6.0 | 0.02 | | | | | | | 474.50 | 475.00 | 0.5 | 0.02 | | | | | | | 489.50 | 523.50 | 34.0 | 2.34 | | | | | | incl. | 512.50 | 522.50 | 10.0 | 7.64 | | | | | | | 526.50 | 530.50 | 4.0 | 0.06 | | | | | | | 541.50 | 542.50 | 1.0 | 0.01 | | | | | | | 547.00 | 549.00 | 2.0 | 0.15 | | | | | | | 553.00 | 554.00 | 1.0 | 0.01 | | AR-19-227c1 | 327 | -65 | 525.5 | 138.3 | 440.00 | 447.00 | 7.0 | 0.02 | | | | | | | 450.00 | 453.00 | 3.0 | 0.01 | | | | | | | 463.00 | 507.00 | 44.0 | 1.72 | | | | | | incl. | 476.00 | 483.00 | 7.0 | 9.69 | | AR-19-227c2 | 327 | -65 | 540.5 | N/A | 429.00 | 430.00 | 1.0 | 0.01 | | | | | | | 439.00 | 441.00 | 2.0 | 0.03 | | | | | | | 454.00 | 456.00 | 2.0 | 0.02 | | | | | | | 460.00 | 509.00 | 49.0 | 2.93 | | | | | | incl. | 479.00 | 482.00 | 3.0 | 5.13 | | | | | | incl. | 489.00 | 492.00 | 3.0 | 4.08 | | | | | | incl. | 497.00 | 500.00 | 3.0 | 9.06 | | | | | | incl. | 504.00 | 507.00 | 3.0 | 22.66 | | | | | | | 513.00 | 518.00 | 5.0 | 0.57 | | AR-19-228c1 | 327 | -65 | 663.5 | 134 | 458.00 | 484.00 | 26.0 | 0.19 | | | | | | incl. | 462.00 | 467.00 | 5.0 | 0.52 | | | | | | | 487.00 | 488.00 | 1.0 | 0.08 | | | | | | | 492.00 | 493.00 | 1.0 | 0.07 | | | | | | | 504.00 | 506.00 | 2.0 | 0.04 | | | | | | | 512.00 | 524.00 | 12.0 | 0.52 | | | | | | incl. | 514.00 | 519.00 | 5.0 | 1.04 | | | | | | | 535.00 | 536.00 | 1.0 | 0.01 | | | | | | | 548.00 | 554.00 | 6.0 | 0.01 | | | | | | | 567.00 | 570.00 | 3.0 | 0.03 | | | | | | | 575.00 | 582.00 | 7.0 | 0.10 | | | | | | | 598.00 | 625.00 | 27.0 | 2.56 | | | | | | incl. | 613.00 | 623.00 | 10.0 | 6.76 | | | | | | | 629.00 | 639.00 | 10.0 | 0.50 | | | | | | incl. | 629.00 | 632.00 | 3.0 | 1.61 | | | | | | | 646.00 | 649.00 | 3.0 | 0.03 | | | | | | | 652.00 | 654.00 | 2.0 | 0.01 | | | | | | | 658.00 | 661.00 | 3.0 | 0.03 | | AR-19-228c2 | 327 | -65 | 672.5 | N/A | 459.50 | 481.50 | 22.0 | 0.33 | | | | | | incl. | 464.50 | 469.50 | 5.0 | 0.90 | | | | | | | 486.50 | 487.00 | 0.5 | 0.02 | | | | | | | 509.00 | 511.00 | 2.0 | 0.09 | | | | | | | 515.00 | 536.00 | 21.0 | 0.33 | | | | | | incl. | 519.00 | 521.00 | 2.0 | 1.45 | | | | | | | 557.50 | 558.00 | 0.5 | 0.01 | | | | | | | 560.50 | 563.50 | 3.0 | 0.01 | | | | | | | 573.50 | 575.50 | 2.0 | 0.01 | | | | | | | 581.00 | 585.00 | 4.0 | 0.02 | | | | | | | 597.00 | 610.00 | 13.0 | 0.03 | | | | | | | 616.00 | 627.00 | 11.0 | 5.76 | | | | | | incl. | 624.00 | 627.00 | 3.0 | 18.84 | | | | | | | 630.00 | 634.00 | 4.0 | 0.10 | | | | | | | 637.00 | 663.00 | 26.0 | 0.26 | | | | | | incl. | 641.00 | 645.00 | 4.0 | 1.30 | | AR-19-233c1 | 327 | -65 | 534.5 | 133.7 | 447.50 | 450.50 | 3.0 | 0.22 | | | | | | | 453.50 | 491.50 | 38.0 | 1.85 | | | | | | incl. | 472.50 | 480.50 | 8.0 | 4.02 | | | | | | incl. | 489.50 | 491.50 | 2.0 | 5.97 | | | | | | | 494.50 | 503.50 | 9.0 | 0.37 | | | | | | incl. | 500.50 | 501.50 | 1.0 | 3.05 | | | | | | | 508.50 | 509.50 | 1.0 | 0.04 | | AR-19-233c2 | 327 | -65 | 537.5 | N/A | 457.00 | 511.00 | 54.0 | 1.96 | | | | | | incl. | 473.00 | 489.00 | 16.0 | 5.85 | | | | | | | 522.00 | 523.00 | 1.0 | 0.04 |

Parameters:

Maximum internal dilution 2.0 mdownhole Minimum thickness of 0.5 mdownhole Cutoff grade 0.01% U3O8 All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip

About NexGen

NexGen is a British Columbiacorporation 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 uranium deposits and in developing projects through discovery to production.

NexGen owns 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 2016and the Arrow South discovery in July 2017, including an expansive portfolio of prospective uranium exploration assets in the AthabascaBasin, Saskatchewan, Canada. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O'Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a "qualified person" under National Instrument 43-101 – _Standards of Disclosure for Mineral Projects_("NI-43-101").

The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website (www.nexgenenergy.ca).

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as "reserves" under SEC standards. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of "contained pounds" in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United Statesfederal securities laws and the rules and regulations thereunder.