MONTREAL - Nouveau Monde Graphite ('Nouveau Monde' or 'the Corporation') (TSXV: NOU; OTCQX: NMGRF; Frankfurt: NM9) is pleased to provide an update on the buildout of the Phase 1 operation at its move-in ready space located in Becancour, Quebec.

The Company is targeting mid-2021 for the commencement of production of the first tonnes of high-purity spherical graphite destined for the high-growth EV and renewable energy sectors. Once fully ramped up, the nameplate capacity of Phase 1 will be 1,500 tonnes per annum of purified material produced using the first two state-of-the-art commercial-scale modules. The Company intends to use this initial production to advance its qualification process with major battery makers with the objective to secure long-term supply agreements.

Eric Desaulniers, President and CEO of Nouveau Monde: 'The commercialisation of our thermochemical purification process is a very important milestone for the Company. To date, we have been able to ship a limited number of kilograms to potential clients, however our Phase 1 operation will allow us to send our customers tonnes of our advanced material. We're excited but remain clear-headed and focused on the end goal of becoming a tier-1 supplier of anode material for lithium-ion batteries.'

Arne H. Frandsen, Chairman of Nouveau Monde continued: 'I am delighted with the progress and achievements to date. The strategic purchase of the adjacent land for our Phase 2 expansion, is likewise of great importance. It will now allow Nouveau Monde to grow the production within the Becancour industrial park, allowing for a safe and cost-efficient expansion of our anode material production'.

About Nouveau Monde Graphite

Nouveau Monde is striving to become a key element in the sustainable energy revolution. The Company is working towards developing a fully-integrated source of green battery anode material in Quebec, Canada. Targeting full-scale commercial operations by 2023, the Company is developing advanced carbon-neutral graphite-based material solutions for the growing lithium-ion and fuel cell markets. With low-cost operations and high ESG standards, Nouveau Monde aspires to become a strategic supplier to the world's leading battery and auto manufacturers, ensuring robust and reliable advanced material, while guaranteeing supply chain traceability.

Cautionary Note Regarding Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release including, but not limited to (i) the positive impact of the foregoing on project economics, (ii) the successful and timely completion of the projected construction of the phase 1 and phase 2 projects, (iii) the commencement of the anticipated production and (iv) generally, or the 'About Nouveau Monde' paragraph which essentially describe the Company'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 Company 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.

Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the timely delivery and installation of the referenced equipment and machinery, the Company's business prospects and opportunities and estimates of the operational performance of the referenced equipment and machinery, and are not guarantees of future performance.

Forward-looking information and statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment and machinery, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, technological developments, the impacts of the global COVID-19 pandemic and the governments responses thereto, and general economic conditions. Unpredictable or unknown factors not discussed in this Cautionary Disclaimer could also have material adverse effects on forward-looking statements.

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 Company 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 law.

Contact:

Julie Paquet

Tel: +1 450 757-8905 #140

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