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MATAWINIE GRAPHITE PROJECT High Purity Flake Graphite Deposit in North America Investor Presentation November 2018 WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9 CAUTIONARY STATEMENTS Cautionary Statements


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High Purity Flake Graphite Deposit in North America Investor Presentation – November 2018

MATAWINIE GRAPHITE PROJECT

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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CAUTIONARY STATEMENTS

Cautionary Statements Regarding Forward Looking Information This presentation contains "forward-looking information" within the meaning of the applicable securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", 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". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock prices; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of graphite; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in graphite prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; * (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the Company; (xii) the risks associated with the various environmental regulations the Company is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) the reliance on key personnel; (xv) liquidity risks;; (xvi) the risk of litigation; and (xvii) risk management. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in graphite prices, exploration and development plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. 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, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other

  • purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date
  • f this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable

securities laws.

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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SERVING TOMORROW’S ECONOMY

WITH THE SUSTAINABLE DEVELOPMENT OF OUR NATURAL RESOURCES

▪ Reliable, low cost player in the traditional graphite market ▪ Innovation in the value-added graphite markets ▪ Walking the talk : aiming at being the world’s first all-electric open- pit mine

Our mission is to produce, transform and distribute different

types of natural graphite flakes, in a profitable and sustainable way, while meeting the growing needs of the industrial markets motivated by the revolution of renewable energy and electric vehicles.

NMG PRESENTATION

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9 3

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COMPANY OVERVIEW

SUCCESSFUL TRANSITION FROM EXPLORATION TO DEVELOPMENT / NEAR-TERM PRODUCTION

  • NMG started exploration in

2012, utilizing advanced geophysics technology. The Tony Block Deposit was discovered in 2015.

  • Explored over 10,000 km of

untapped territories

  • Only new discovery of

graphite in North America since Lac Guéret deposit (Mason Graphite) in 2001

  • Same geological setting as the
  • nly significant graphite mine

in N.A. (the one owned by Imerys Graphite & Carbon)

✓ Summer 2018:To commission Demo Plant ✓ Sept 2018:2,000t production starts ✓ Q4 2018:Bankable Feasibility Study (BFS) ❑ H2 2018: Marketing & Sales Agreement ❑ Q1 2019: Start Spherical Graphite (SG) plant construction ❑ Q1 2019: IBA filing for permit ❑ H1 2019: BFS update including value-added ❑ Summer 2019: Commissioning Demo SG plant ❑ Q1 2020: Project Financing ❑ Q2 2020: Mine & Concentrator Construction Starts

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9 4

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NMG’S MATAWINIE PROJECT STRATEGICALLY LOCATED

NORTH AMERICA’S GRAPHITE TRIANGLE

IMERYS

(Euronext: NK, Market Cap: ~€5B)

Imerys disclosed that Lac-des-Îles mine is nearly depleted, with enough ore through 2020

(Source : Graphite and Graphene Conference, F. Corti, Berlin, Dec 2014)

Major industrial French conglomerate with a market value of around 5B euros With output varying between 20K to 25K tons per year, it represents 25% to 30% of North American demand Proven track record of producing and selling high quality graphite concentrate since 1989

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9 5

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AN EXCEPTIONAL TEAM

TO GRAPHITE EXPERTS

ERIC DESAULNIERS, MSc, P. Geo Founder, President, Chief Executive Officer (CEO), Director

  • 12 years of experience as a Professional Geologist with a Masters degree

in Geophysics

  • Executed mandates for international companies such as Aramco, Shell,

NASA, BRGM and GSC

  • 7 years as an Infantry Officer with Canadian Forces

CHARLES-OLIVIER TARTE, CPA, CMA Chief Financial Officer (CFO)

  • Financial Controller from 2011 to 2016 for Imerys Graphite & Carbon
  • Responsible of the financial management of 3 sites and 2 corporations

(Canada & USA): Open pit mining site, value-added processing plant and sales office. KARL TRUDEAU Chief Operating Officer (COO)

  • Natural graphite operations leader and Mine site manager at Lac-des-

Iles from 2011 to 2017 for Imerys Graphite & Carbon

  • Experience worldwide developing mineral deposits into producing assets

TRISTAN C. MENARD Executive Vice-President (EVP), Capital Markets

  • Formerly Portfolio Manager and Associate at Jarislowsky Fraser, a firm

managing over $40 billions in assets for private and institutional clients.

  • Holds the Chartered Investment Manager designation

ZHENGLI (Andrew) TAN MSc Eng – Technical Director

  • Over 20 years of experience in Graphite & Carbon industry
  • Former General Manager of a Value-Added graphite plant in China for

SGL Group ARMANDO FARHATE B.Eng, MBA – Market Leader

  • Former COO for Nationale de Grafite in Brazil in charge of 3 graphite

mining and processing plants

  • Former Natural Graphite Product Director at Imerys Graphite & Carbon

PATRICE BOULANGER Ing, MBA – Director

  • 20 years of experience in R&D and Sales in the graphite business with

SGL Carbon BENOIT BRIERE Plant Manager

  • 25 years operation and customer service experience in graphite at Lac-

des-Iles Imerys mine

FROM SENIOR MANAGEMENT

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GLOBAL PRODUCTION PER LOCATION

67% 15% 9% 2% 7% China India Brazil Canada Other

A LANDSCAPE DOMINATED BY CHINA AND THE REFRACTORIES

MARKET OVERVIEW

~70% of the offer comes from China Global yearly consumption: 1,1 million tons Typical mine production: ~10k-20k tpy The steel industry is the #1 buyer Current North American Market Status Consumed: 80k tpy vs Produced : 20k tpy For LiB expected growth : 150k tpy

Refractories 35% Batteries 25% Lubricants and crucibles 10% Metallurgy 7% Pencils 4% Others 19%

MAIN USES FOR GRAPHITE

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GRAPHITE PRICING (SEP 2018)

Lithium Ion Battery (LiB) market has a significant impact since Sept 2017

Source: Benchmark Mineral Intelligence

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LI-ION BATTERY MEGAFACTORIES IN CONSTRUCTION

An increased graphite demand

  • f 530,000 tpy by 2023
  • f 1,323,000 tpy by 2028

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9 9

Capacity 2028: 1102.5 GWh

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NORTH-AMERICAN LI-ION BATTERY MARKET

EXPECTED SHORT TERM DEMAND OF 150,000 TPY

NE TX AL TE NC IN MI ON QC

= Offer = Demand

Production capacity: 52k tpa Until: 2045 Production capacity: ~ 20k tpa

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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All $ in CAD unless indicated otherwise *NMG results based on NI 43-101 Pre-Feasibility Study for the West Zone

ROBUST PROJECT ECONOMICS

MINING PROJECT (NO VALUE-ADDED PROCESSING)

**(source: https://mwne.ws/2ArUOQR)

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9 11

Economic Highlights Feasibility study (2018) Prefeasibility study (2017) Variation

Yearly graphite concentrate production 100,000 tonnes 52,000 tonnes +92% Pre-tax NPV (8%) 1,287 M $ 499 M $ +158% Post-tax NPV (8%) 751 M $ 297 M $ +153% Pre-tax IRR 40.6 % 32.4 % +25% Post-tax IRR 32.2 % 25.9 % +24% Life of mine 25.5 years 27 years

  • 6%

Pre-tax Payback 2.6 years 2.6 years 0% Post-tax Payback 2.2 years 2.3 years

  • 4%

CAPEX 276 M $ (incl. 12.4% - 31 M $ contingency) 181 M $ (incl. 12.5% - 22 M $ contingency) +52% First 5 years average sales price 1,532 $ US / tonnes 1,429 $ US / tonnes +7% Life of mine average sales price 1,730 $ US / tonnes 1 429 $ US / tonnes +21% OPEX 499 $ / tonnes 539 $ / tonnes

  • 7%
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SENSITIVITY ANALYSIS

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200 400 600 800 1000

  • 30
  • 20
  • 10

10 20 30

After-Tax NPV @ 8% (M CAD)

RELATIVE VARIATION (%)

CAPEX OPEX PRICE

10,0 20,0 30,0 40,0 50,0

  • 30
  • 20
  • 10

10 20 30

After-Tax IRR (%)

RELATIVE VARIATION (%)

CAPEX OPEX PRICE

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COMPARABLES & PRODUCT

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

NMG ROW NA

500 1 000

C1 C1 Co Cost Cu Curve per er ton

  • nne

750 1 500

EBI BIDTA Cu Curve per er ton

  • nne

NMG ROW NA Products NMG Distribution Target market Jumbo (+48 mesh) 15% Expandable , Fuel Cell & Traditional Large (+80 mesh) 33% Traditional Medium (+150 mesh) 28% Battery & Traditional Fines (-150 mesh) 24% Battery & Traditional

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▪ Based on NMG internal studies of 12 graphite Feasibility Studies ▪ NMG expect to be in first decile EBIDTA per tonnes ▪ NMG is ready to tackle all markets

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Products Jumbo Flakes (+50 mesh) Large Flakes (+80 mesh) Medium Flakes (+100 mesh) Fine Flakes (-100 mesh)

VALUE-ADDED TARGETED MARKETS

PRICE RANGE OF PRODUCTS

Purification to >99,9% Cg Micronization Shaping Electrochemical Treatment

Price Range

Expandable Graphite Purified Graphite Concentrate Purified Micronized Graphite Spherical Graphite

Products : $3,000 - $15,000 USD / ton

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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NOUVEAU MONDE GRAPHITE’S MATAWINIE PROJECT

LOCATION ADVANTAGES

Many options available to minimize Capex and Opex and maximize economics

Town of St-Michel-des-Saints, with an industrial history, is located 5 km from potential mine sites with skilled labor & all needed infrastructure Only 150km north

  • f Montreal with

all-year access to public roads. St-Michel-des-Saints is strategically located for low transportation cost to end-users in North America 20,000 m2industrial complex currently leased for Phase 1 Demonstration Plant No need for campsite. Access to low cost green hydroelectricity Proximity to infrastructures and potential customers provides strong advantages for building operations with a low environmental footprint

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9 15

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MATAWINIE GRAPHITE PROJECT

LARGE & QUALITY RESOURCE AT SURFACE June 2018

West Zone Resource Estimate

  • Indicated : 95.8M tons @ 4.28% Cg*
  • Inferred : 14M tons @ 4.19% Cg
  • 4.69M tons of Graphite Content

South Zone Resource Estimate

  • Indicated : 26.3M tons @ 3.73% Cg
  • Inferred : 19.2M tons @ 3.67% Cg
  • 1.7M tons of Graphite Content

* Cut-off Grade

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SLIDE 17

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MATAWINIE GRAPHITE PROJECT

GENERAL SITE LAYOUT

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MATAWINIE GRAPHITE PROJECT

PROCESS FLOWSHEET

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

Products

Jumbo Flakes (+50 mesh) Large Flakes (+80 mesh) Medium Flakes (+150 mesh) Fine Flakes (-150 mesh)

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DEMONSTRATION PLANT – 1000 tpy 2019-2020

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

De-risking the marketing & processing of our graphite products

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FIRST ALL-ELECTRIC OPEN-PIT MINE

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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HYDRO QUÉBEC PARTNERSHIP

A WORLD LEADER IN BATTERY MATERIALS

▪ Research center of the state owned power utility company Hydro-Québec (HQ) ▪ Over 800 patents especially in Li-ion, Li-Sulfur and Li-Air battery technologies ▪ 70 employees including 27 researchers ▪ $20M revenues yearly sourced externally reinvested in R&D ▪ HQ is lead by Dr Karim Zaghib, named one of the most influential scientific minds in the world’ by Clarivate Analytics for 3 years in a row

PARTNERSHIP AT A GLANCE

▪ Licensing agreement

  • n

all HQ existing technologies used for LiB anode material production. ▪ Exclusive R&D collaboration to develop new IP on a 50/50 basis and industrialization. ▪ HQ to assist NMG in setting up a small-scale process in its demonstration plant in Saint-Michel-des-Saints, starting by the end of 2018. ▪ The success of this small-scale process will lead NMG to eventually building an anode material fabrication plant with a capacity of up to 100k tons per year. The anode material fabrication plant would be in addition to and complementary to NMG’s mining project.

AGREEMENT HIGHLIGHTS

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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✓ Summer 2018: Commission Demo concentrate plant ✓ September 2018: 2,000t production starts ✓ Q4 2018: Bankable Feasibility Study (BFS) ❑ H2 2018: Marketing and sales agreement (off-take) ❑ Q1 2019: Start Spherical Graphite (SG) plant construction ❑ Q1 2019: IBA filing for permit ❑ H1 2019: BFS update including value-added ❑ Summer 2019: Commissioning Demo SG plant ❑ Q1 2020: Project Financing ❑ Q2 2020: Mine & Concentrator Construction Starts

RECENT AND UPCOMING MILESTONES

2018-2019

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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CORPORATE STRUCTURE

*All currency in Canadian Dollars (CAD). Market data and financial data as of Oct 1st 2018.

52-Week Price Chart ($0.25 - 0.54 CAD)

TSXV:NOU OTCQX:NMGRF FSE:NM9

Share Price (CAD) as of Sept 25, 2018 $0.28 Market Cap (CAD) as of Sept 25, 2018 $43M Shares Outstanding as of Sept 25, 2018 172M Warrants 53M Options / broker warrants 14M Fully Diluted Shares 239M Cash / Debt (CAD) as of Oct 1st 2018 ~$5M / $0 Management & Insiders Ownership ~25%

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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INSTITUTIONAL SHAREHOLDERS

Strong Institutional Support (collectively holding about 30% of shares)

Largest association of credit unions in North America Major Québec Government fund to invest in Québec mineral exploration companies Québec’s largest central labor body Largest pension fund in Canada Québec government development fund Investment Management and Technical Research for Institutional and Professional Investors based in Switzerland Registered portfolio manager and exempt market dealer across Canada Worldwide well established and innovative specialist in the sector of precious metals and commodities

WWW.NOUVEAUMONDE.CA :: TSXV:NOU :: OTCQX:NMGRF :: FSE:NM9

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Head Office 331 Brassard St-Michel-des-Saints, QC J0K 3B0 Canada Montreal Office 410 St. Nicolas Street, Suite 236 Montreal, QC H2Y 2P5 Canada

TSXV – NOU OTCQX – NMGRF FSE – NM9

CONTACT INFORMATION

Contact Eric Desaulniers, President and CEO Mobile: 1-819-923-0333 Email: edesaulniers@nouveaumonde.ca Tristan C. Menard, Executive Vice- President, Capital Markets Mobile: 1-514-296-6339 Email: tmenard@nouveaumonde.ca