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PRESS RELEASE: AS A WORLD FIRST, NOUVEAU MONDE -2-

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PRESS RELEASE: AS A WORLD FIRST, NOUVEAU MONDE COMMITS TO ALL-ELECTRIC FLEET FOR SUSTAINABLE OPEN-PIT MINING & INVITES MANUFACTURERS FOR PRE-QUALIFICATION



DGAP-News: Nouveau Monde Graphite / Key word(s): Sustainability
AS A WORLD FIRST, NOUVEAU MONDE COMMITS TO ALL-ELECTRIC FLEET FOR
SUSTAINABLE OPEN-PIT MINING & INVITES MANUFACTURERS FOR PRE-QUALIFICATION

2020-11-24 / 09:00
The issuer is solely responsible for the content of this announcement.

*- *As a world first for open-pit mining, Nouveau Monde is committed to the
exclusive use of all-electrical equipment and vehicles as it develops and
expands its mining operations

- A substantial fleet of an initial 60 vehicles will be commissioned. The
selection process for the all-electrical equipment will focus on efficiency,
duability, performance and ability to recycle the equipment

- Based in Québec, Canada, Nouveau Monde will benefit from the 100% use of
green hydro-generated electricity to power its equipment and vehicles

- Nouveau Monde will also benefit from the implementation of Québec's
electrification strategy with incentives for economic development in this
growth sector

- Nouveau Monde is leading the way on sustainable mining through its
carbon-neutrality commitment to cater responsibly sourced and transformed
battery materials to EV and renewable energy storage manufacturers

*MONTREAL, CANADA, November 24, 2020 *- Set to become the world's first
all-electric open-pit mine, Nouveau Monde Graphite ("Nouveau Monde" or "the
Company") (TSXV: [1] NOU [1]; OTCQX: NMGRF [2]; Frankfurt: [3] NM9 [3]) is
advancing its procurement process for its fleet and charging infrastructure
through an international call for pre-qualification. Yet another step
towards achieving its carbon-neutrality vision, adopting an all-electric
operating model provides tremendous environmental benefits as well as
long-term savings for the Company thanks to Québec's clean and affordable
hydropower.

Following work by its International Task Force Committee [4], Nouveau Monde
has explored technologies, best practices and operational parameters to
bring its vision to life in a cost-effective and technologically advanced
way. Discussions with manufacturers have already enabled to identify
existing machinery in development and/or available, notably for the
ancillary fleet where purchasing agreements are being finalized.

Through the call for pre-qualification, large OEMs and innovative SMEs alike
are now invited to submit detailed proposals and performance specs for their
production equipment solutions. Whether powered by lithium-ion batteries,
plug-in systems or hydrogen fuel cells, Nouveau Monde is seeking the best
zero emission equipment for heavy-duty operations and harsh conditions
associated with open-pit mining. Pre-qualification technical documents, with
requirements and contact info, can be consulted here:
www.nouveaumonde.group/qualification-electric-fleet [5]. The submission
period is open from November 30, 2020, to January 30, 2021.

Québec, Canada features renowned environmental standards, innovative
talents, business-forward policies and virtually unlimited hydropower,
making it an ideal playground for OEMs to build and deploy their electric
solutions. In line with their electrification strategy, both Québec and
Canadian governments are investing in cleantech [6] through financial
incentives, development programs and infrastructure to propel growth in the
already-booming electric industrial hub. Thus, Nouveau Monde has been
selected as key partner to develop a new electric propulsion system with a
rapid recharging infrastructure adapted to heavy vehicles in the open-pit
mining industry [7].

*EQUIPMENT* *QUANTITY*
*Main Production*
Excavator 90T 2
Front Loader 50T 1
Haul Trucks 50-65T 8 to 14
Drills 2
*Auxiliary*
Bulldozer 42T 2
Bulldozer 22T 2
Motorgrader 14M or 140 2
Water Truck 2
Excavator 50T 2
*Operation Support*
Tow Haul 1
Excavator 26T 2
Small Loader 24T 1
Mini Loader 1
Dewatering Pumps 3
*Maintenance Support*
Towerlight 6
Telehandler 1
Forklift 1
Tire Manipulator 1
Mini Excavator 1
Service Truck 1
Boom Truck 1
Shuttle bus for workers 1
Pickup Trucks 12

"Going all-electric is technically achievable, economically sound and
environmentally responsible," noted Eric Desaulniers, President and CEO of
Nouveau Monde Graphite. "We are thrilled to be driving innovation and
progress in our sector and hope to see our peers embark in this effort to
minimize the footprint of the mining industry. Our initial market screening
has already shown attractive technologies and ingenious mindset from OEMs
that will enable us to achieve our carbon-neutrality promise to our
community, shareholders and customers."

"When Nouveau Monde started its journey, the notion of sustainability and
carbon neutrality was already part of its DNA. Today's announcement further
delivers on this philosophy," said Arne H. Frandsen, Chairman of Nouveau
Monde.

*Accelerating Electrification Deployment *
The most advanced graphite project in North America, Nouveau Monde is
targeting the launch of its commercial operations in 2023, with an allocated
transition period to fully electrify its fleet by 2028. The Company's
demonstration plant already in production offers in the meantime an ideal
site to test equipment in real conditions, optimise design and advance
technology.

The construction of a dedicated power line to supply the mining site [8]
will guarantee a reliable, affordable and clean supply of hydroelectricity
to support Nouveau Monde's energy-intensive operations.

Nouveau Monde is releasing the full scope and specs of its future fleet as
part of this call for pre-qualification, covering a fleet of over 60
equipment, from main production to auxiliary, maintenance, and
infrastructure for a truly 100%-electric operation. This complete
transparency approach is aimed at sharing knowledge gathered over the past
four years and encouraging peers to adopt such sustainable mining standards.
With that spirit, Nouveau Monde is proud to be acting as an enabler into the
zero-emission heavy-duty operations and is welcoming any industrial
operators in mining, quarry and/or construction sectors to reach out to its
technical team with questions and interests.

Correspondingly [9], CEO Eric Desaulniers will also join Benchmark Mineral
Intelligence's Battery Sustainability Summit [10] on Friday, December 11 at
11:00 a.m. EST to discuss this electrification commitment and the push
towards zero-carbon solutions for electric vehicles and energy storage
systems.

*About Nouveau Monde *
Nouveau Monde will be a key operator in the sustainable energy revolution.
The Company is developing the only fully integrated source of green battery
anode material in the Western World. Targeting full-scale commercial
operations by early 2023, the Company will provide advanced carbon-neutral
graphite-based material solutions to the growing lithium-ion and fuel cell
markets. With low-cost operations and the highest of ESG standards, Nouveau
Monde will become a strategic supplier to the world's leading battery and
auto manufacturers, ensuring robust and reliable advanced material, while
guaranteeing supply chain traceability.

*Media * *Investors *
Julie Paquet Christina Lalli
Director, Communications Director, Investor Relations
Nouveau Monde Nouveau Monde
450-757-8905 #140 438-399-8665
jpaquet@nouveaumonde.ca clalli@nouveaumonde.ca

*Visit Nouveau Monde's new website and subscribe to news alerts:
*www.NouveauMonde.group [11]

*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, and (ii) generally, or the "About Nouveau
Monde Graphite" paragraph which essentially describe the Corporation'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
Corporation 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.
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 Corporation 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.

*Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. *
_Further information regarding Corporation is available in the SEDAR
database (www.sedar.com) and on the Corporation's website at:
_www.NouveauMonde.ca [12]

2020-11-24 Dissemination of a Corporate News, transmitted by DGAP - a

(MORE TO FOLLOW) Dow Jones Newswires

November 24, 2020 03:00 ET ( 08:00 GMT)


service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
1149818 2020-11-24


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(END) Dow Jones Newswires

November 24, 2020 03:00 ET ( 08:00 GMT)
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