NexGen Drills Most Off-Scale to Date in A3 Shear and Expands Arrow with Extensive Zones of Mineralization Across Key Growth Areas


October 2, 2017

VANCOUVER, Oct. 2, 2017 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSE:NXE) is pleased to report radioactivity results for 22 holes as part of the on-going summer drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. An additional diamond drill rig was brought into operation to assess the recently discovered South Arrow zone, which is located 400 m south of the Arrow Deposit.

Eight diamond drill rigs are now active at the Arrow Deposit and South Arrow with infill, step-out and exploration drilling underway. In addition, one sonic drill rig testing subsurface conditions as part of the pre-feasibility geotechnical study has successfully completed its work. Additional geotechnical drilling continues utilizing a diamond drill rig. Initial geotechnical drilling discovered an interval of semi-massive pitchblende mineralization 130 m northwest and up-dip from the A1 mineral resource domain.

A3 High Grade Domain Infill Drilling

  • Infill hole AR-17-147c3 intersected 79.5 m of total composite mineralization including 17.35 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 114.5 m section (542.0 to 656.5 m). This intersection is the most extensive off-scale radioactivity intersected in the A3 shear to date (see Figure 1).
  • Infill hole AR-17-147c4 intersected 67.5 m of total composite mineralization including 5.45 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 182.0 m section (588.0 to 770.0 m).
  • Infill hole AR-17-155c2 intersected 41.0 m of total composite mineralization including 5.15 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 100.0 m section (486.5 to 586.5 m).

Expansion in the Southwest and Northeast Gaps

In the resource growth areas of the southwest and northeast gaps, broad zones of mineralization including off-scale radioactivity have been intersected throughout (Figure 2).

  • Step-out hole AR-17-129c5 intersected 71.0 m of total composite mineralization including 5.85 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 295.0 m section (616.5 to 911.5 m) in the A2 through A5 shears in the northeast gap.
  • Step-out hole AR-17-156c1 intersected 38.0 m of total composite mineralization including 3.0 m of total composite off-scale radioactivity (>10,000 to 30,500 cps) within a 87.0 m section (657.0 to 744.0 m) in the A3 and A4 shears in the southwest gap.
  • Step-out hole AR-17-146c2 intersected 36.0 m of total composite mineralization including 2.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 121.0 m section (661.5 to 782.5 m) in the A3 and A4 shears in the southwest gap.

Geotechnical Drilling

Geotechnical drilling testing subsurface conditions as part of the pre-feasibility study has intersected uranium mineralization northwest of the A1 shear indicating the potential for additional shears to the northwest (see Figure 3).

  • Geotechnical hole GAR-17-001 intersected 34.5 m of total composite mineralization including 0.9 m of continuous off-scale radioactivity (>10,000 to 54,000 cps) within a 265.5 m section (272.0 to 537.5 m).

Arrow Activities & Financial

  • The eight diamond drill rig summer development and exploration program consisting of an expanded 35,000 m of drilling continues to be fully operational.
  • Multiple advanced technical studies including geotechnical drilling, hydrogeological work, environmental and metallurgy are underway.
  • The Company has cash on hand of approximately $185 million.

Longitudinal sections, a cross section view of GAR-17-001, and drill hole locations are shown in Figures 1 to 4.

Garrett Ainsworth, Vice-President, Exploration and Development, commented: "The summer drill program's objectives of increasing indicated mineral resources through infill, and inferred mineral resources through step-outs continue to be achieved. An important characteristic of the basement-hosted Arrow Deposit is its high degree of continuity in grade and thickness, which continues to be observed across the Deposit including in the A3 High Grade Domain where we expect a high conversion of inferred to indicated mineral resources. Expansion is also clearly evident through step-out drilling in the A4 shear, southwest and northeast gaps as well as the potential for a new shear to the northwest of the A1.

Leigh Curyer, Chief Executive Officer, commented: "These latest results which include the most extensive off-scale mineralization seen to date in the A3 shear highlights considerable future drilling is required to determine the full extent of Arrow. Infill drilling continues to demonstrate the intensity of mineralization often increases which is significant from a mine optimization planning perspective. Further, pre-feasibility study programs incorporating advanced engineering and environmental work is in full flight. Together, with the increase in drilling focus on the exciting South Arrow Discovery, NexGen is at an exciting stage of development."

Figure 1: A3 Mineralized Long Section (CNW Group/NexGen Energy Ltd.)

Figure 2: Arrow Deposit Schematic Long Section (CNW Group/NexGen Energy Ltd.)

Figure 3: Cross Section View of GAR-17-001 (CNW Group/NexGen Energy Ltd.)

Figure 4: Arrow Deposit Drill Hole Locations (CNW Group/NexGen Energy Ltd.)

Table 1: Arrow Deposit Drill Hole Data

Drill Hole

Athabasca
Group -
Basement
Unconformity
Depth (m)

Handheld Scintillometer Results (RS-120)

Hole ID

Azimuth

Dip

Total Depth (m)

From (m)

To (m)

Width (m)

CPS Range

AR-17-129c5

327

-70

960.50

N/A

616.50

617.00

0.50

<500 - 570

655.00

657.50

2.50

<500 - 2500

692.50

693.00

0.50

4600 - >61000

728.50

730.00

1.50

<500 - 10500

740.00

740.50

0.50

<500 - 9100

748.50

751.50

3.00

<500 - 22000

754.00

754.50

0.50

<500 - 9400

757.50

761.00

3.50

<500 - >61000

766.00

774.00

8.00

<500 - >61000

777.50

781.00

3.50

<500 - >61000

784.50

789.50

5.00

<500 - 5000

793.00

800.00

7.00

<500 - 2800

803.50

804.00

0.50

<500 - 700

812.00

814.50

2.50

<500 - 2500

851.50

875.00

23.50

<500 - 57000

878.50

879.00

0.50

<500 - 1100

882.00

888.50

6.50

<500 - 13000

891.50

892.00

0.50

<500 - 2200

901.50

902.00

0.50

<500 - 1100

         

911.00

911.50

0.50

<500 - 580

AR-17-129c6

327

-70

876.50

N/A

595.00

595.50

0.50

<500 - 830

         

710.50

711.00

0.50

<500 - 680

735.50

736.00

0.50

<500 - 820

778.00

778.50

0.50

<500 - 740

817.00

817.50

0.50

<500 - 550

AR-17-129c7

327

-70

960.50

N/A

650.00

650.50

0.50

<500 - 780

         

668.00

669.00

1.00

<500 - 670

675.50

678.50

3.00

<500 - 36000

704.50

705.50

1.00

<500 - 8700

731.00

731.50

0.50

<500 - 55000

736.00

737.00

1.00

<500 - 660

765.50

766.00

0.50

<500 - 650

783.00

789.00

6.00

<500 - 58000

791.50

795.00

3.50

<500 - 1500

804.00

804.50

0.50

<500 - 2100

807.00

813.00

6.00

<500 - 3600

815.50

818.50

3.00

<500 - 1500

829.50

831.00

1.50

<500 - 2000

856.50

857.00

0.50

<500 - 1400

AR-17-143c2

147

-70

729.50

N/A

562.00

562.50

0.50

<500 - 1400

AR-17-143c3

147

-70

974.00

N/A

662.00

664.00

2.00

<500 - 1300

         

668.00

673.00

5.00

<500 - 4500

       

677.00

677.50

0.50

<500 - 1000

       

682.00

699.00

17.00

<500 - 11000

       

702.00

704.50

2.50

<500 - 1600

       

712.00

713.50

1.50

<500 - 3500

       

742.50

743.00

0.50

<500 - 2600

       

772.50

773.00

0.50

<500 - 2600

       

813.00

813.50

0.50

<500 - 790

       

856.00

860.00

4.00

<500 - 1300

       

863.50

864.00

0.50

<500 - 830

       

866.50

868.50

2.00

<500 - 3100

       

885.50

886.00

0.50

<500 - 670

       

924.00

928.00

4.00

<500 - 37000

       

930.50

934.00

3.50

<500 - >61000

       

938.00

938.50

0.50

600 - 3900

AR-17-146c1

327

-70

910.50

110.40

630.50

631.50

1.00

<500 - 11000

         

686.00

688.00

2.00

<500 - 45000

       

691.00

695.00

4.00

<500 - 7800

       

697.50

703.00

5.50

<500 - 2000

       

705.50

709.50

4.00

<500 - 5800

       

721.50

732.00

10.50

<500 - 15000

       

734.50

735.50

1.00

<500 - 2500

       

739.50

744.00

4.50

<500 - 2300

       

754.00

755.50

1.50

<500 - 3000

       

765.50

768.50

3.00

<500 - 3100

       

795.50

797.00

1.50

<500 - 800

AR-17-146c2

327

-70

907.00

N/A

661.50

663.00

1.50

<500 - 10100

         

687.00

688.00

1.00

<500 - 550

       

694.50

699.00

4.50

<500 - 9100

       

704.50

705.50

1.00

700 - 6300

       

736.50

739.50

3.00

<500 - 830

       

742.00

742.50

0.50

<500 - 1200

       

747.50

763.50

16.00

<500 - 37000

       

767.00

772.50

5.50

<500 - 1450

       

777.00

778.00

1.00

<500 - 30000

       

780.50

782.50

2.00

<500 - >61000

AR-17-146c3

327

-70

993.50

N/A

677.00

677.50

0.50

<500 - 700

         

709.00

709.50

0.50

<500 - 2300

         

722.50

723.50

1.00

<500 - 9200

         

728.00

732.50

4.50

<500 - 2200

         

744.00

745.00

1.00

<500 - 2100

         

753.00

763.00

10.00

<500 - 15000

         

765.50

768.00

2.50

<500 - 1160

         

770.50

772.50

2.00

<500 - 1250

         

777.00

777.50

0.50

<500 - 550

         

783.50

784.00

0.50

<500 - 1200

         

789.00

804.50

15.50

<500 - 12600

         

807.00

819.50

12.50

<500 - 7300

         

825.50

826.00

0.50

<500 - 560

         

912.50

913.00

0.50

<500 - 540

         

946.00

946.50

0.50

<500 - 950

         

954.00

956.00

2.00

<500 - 1170

         

964.00

964.50

0.50

<500 - 1440

AR-17-147c1

327

-70

621.50

133.90

454.00

454.50

0.50

<500 - 3000

         

492.50

495.50

3.00

<500 - 50000

         

510.00

511.00

1.00

<500 - 11000

         

515.00

515.50

0.50

<500 - 1800

         

521.00

525.00

4.00

<500 - 45000

         

532.50

536.50

4.00

<500 - 24400

         

541.50

545.00

3.50

<500 - 25500

         

556.50

567.50

11.00

<500 - >61000

         

572.00

573.00

1.00

<500 - 9000

         

576.00

592.00

16.00

<500 - >61000

         

599.00

599.50

0.50

<500 - 1400

         

606.00

607.00

1.00

<500 - 1200

AR-17-147c2

327

-70

660.50

133.90

454.50

455.00

0.50

<500 - 1300

         

498.50

499.50

1.00

1000 - 12000

         

530.00

530.50

0.50

700 - 10300

         

534.00

534.50

0.50

<500 - 7000

         

544.50

549.50

5.00

<500 - 25000

         

560.00

563.00

3.00

<500 - 22000

         

566.00

569.00

3.00

<500 - 6300

         

580.50

581.50

1.00

<500 - 550

         

592.00

593.00

1.00

<500 - 5500

         

605.00

612.50

7.50

<500 - 58000

         

618.50

619.00

0.50

<500 - 1000

         

624.00

626.00

2.00

<500 - 1800

         

629.50

630.50

1.00

<500 - 650

AR-17-147c3

327

-70

682.50

133.90

454.50

455.50

1.00

<500 - 2000

         

499.50

501.00

1.50

<500 - 12000

         

515.50

516.00

0.50

<500 - 530

         

528.50

529.50

1.00

<500 - 9500

         

536.50

539.50

3.00

<500 - 3000

         

542.00

543.00

1.00

<500 - 2500

         

546.50

552.00

5.50

<500 - 18600

         

554.50

563.50

9.00

<500 - 23000

         

573.00

573.50

0.50

<500 - 540

         

579.50

587.00

7.50

<500 - 43000

         

597.50

648.50

51.00

<500 - >61000

         

651.50

656.50

5.00

<500 - 1200

AR-17-147c4

327

-70

870.50

133.90

522.50

527.00

4.50

<500 - 9950

         

529.50

530.00

0.50

<500 - 4600

         

560.00

561.50

1.50

<500 - 11000

         

574.00

574.50

0.50

<500 - 670

         

588.00

593.50

5.50

<500 - 18000

         

614.50

615.50

1.00

<500 - 2000

         

618.00

626.00

8.00

<500 - 37000

         

628.50

630.00

1.50

<500 - 20000

         

632.50

648.00

15.50

<500 - >61000

         

655.00

660.50

5.50

<500 - 1360

         

668.00

668.50

0.50

<500 - 760

         

691.00

691.50

0.50

<500 - 750

         

695.00

696.00

1.00

<500 - 1100

         

713.00

715.00

2.00

<500 - 1100

         

717.50

723.50

6.00

<500 - 1700

         

729.00

732.00

3.00

<500 - 1800

         

752.50

770.00

17.50

<500 - 7600

         

792.50

794.50

2.00

<500 - 2550

         

804.50

814.00

9.50

<500 - 16000

         

848.50

853.00

4.50

<500 - 760

AR-17-148c1

327

-70

1054.00

N/A

505.00

505.50

0.50

<500 - 1200

         

682.00

682.50

0.50

<500 - 1200

         

689.00

690.00

1.00

<500 - 1700

         

699.50

711.00

11.50

<500 - >61000

         

733.00

735.50

2.50

<500 - 5500

         

756.50

757.00

0.50

<500 - 700

         

759.50

765.50

6.00

<500 - 1900

         

768.50

771.50

3.00

<500 - 1200

         

774.00

777.00

3.00

<500 - 3500

         

791.00

794.00

3.00

<500 - 570

         

797.00

798.50

1.50

<500 - 900

         

802.00

805.50

3.50

<500 - 27000

         

808.50

815.50

7.00

<500 - 24000

         

969.50

973.00

3.50

<500 - 600

         

976.00

977.50

1.50

<500 - 1100

         

980.50

981.00

0.50

<500 - 580

         

983.50

984.00

0.50

<500 - 530

         

990.50

991.50

1.00

<500 - 600

AR-17-148c2

327

-70

1044.50

N/A

693.50

694.00

0.50

<500 - 980

         

705.50

706.00

0.50

<500 - 4700

         

711.50

712.50

1.00

<500 - 3400

         

715.00

715.50

0.50

<500 - 700

         

718.50

729.50

11.00

<500 - 10500

         

739.50

741.50

2.00

<500 - 2600

         

746.00

747.00

1.00

<500 - 1400

         

753.00

754.00

1.00

<500 - 1000

         

757.00

768.00

11.00

<500 - 1400

         

777.00

777.50

0.50

<500 - 630

         

788.00

789.00

1.00

530 - 2100

         

791.50

795.00

3.50

<500 - 770

         

805.50

806.00

0.50

<500 - 530

         

816.50

817.00

0.50

<500 - 1000

         

827.00

827.50

0.50

<500 - 540

         

831.50

837.00

5.50

<500 - 15000

         

841.00

841.50

0.50

<500 - 820

         

879.50

880.50

1.00

<500 - 1000

         

894.50

895.00

0.50

<500 - 1000

         

907.50

908.00

0.50

<500 - 1000

         

934.50

938.50

4.00

<500 - 1300

         

942.00

942.50

0.50

<500 - 630

         

945.50

946.00

0.50

<500 - 650

         

950.00

953.50

3.50

<500 - 1100

AR-17-149c1

345

-70

1014.50

134.90

618.50

619.50

1.00

<500 - 4400

         

627.00

630.50

3.50

<500 - 4800

         

636.00

636.50

0.50

<500 - 1400

         

643.00

647.50

4.50

<500 - 29000

         

693.00

701.50

8.50

<500 - 1390

         

713.50

720.00

6.50

<500 - 48000

         

764.00

765.00

1.00

<500 - 850

         

794.00

795.50

1.50

<500 - 7000

         

798.50

799.50

1.00

<500 - 3000

         

859.00

860.00

1.00

<500 - 750

         

869.00

873.50

4.50

<500 - 7000

AR-17-149c2

345

-70

897.50

134.90

623.00

625.00

2.00

<500 - 52000

         

638.00

638.50

0.50

<500 - 700

         

670.00

670.50

0.50

<500 - 1300

         

674.00

674.50

0.50

<500 - 880

         

679.50

680.00

0.50

<500 - 730

         

688.50

699.50

11.00

<500 - 13000

         

731.50

735.00

3.50

<500 - 12600

         

763.00

765.00

2.00

<500 - 6500

AR-17-154c1

327

-70

854

120.6

419.00

419.50

0.50

<500 - 680

         

594.00

594.50

0.50

<500 - 1800

         

598.00

598.50

0.50

<500 - 3360

         

606.50

607.00

0.50

<500 - 850

         

613.00

616.50

3.50

<500 - 8700

         

626.00

628.00

2.00

<500 - 1600

         

633.50

637.00

3.50

<500 - 1000

         

643.00

643.50

0.50

<500 - 510

         

646.00

646.50

0.50

<500 - 505

         

678.00

679.00

1.00

<500 - 3600

         

703.50

704.00

0.50

<500 - 1600

         

706.50

708.00

1.50

<500 - 3600

         

717.00

733.50

16.50

<500 - >61000

         

736.50

737.50

1.00

<500 - 900

AR-17-154c2

327

-70

849.5

120.6

612.00

612.50

0.50

<500 - 1400

         

620.50

621.00

0.50

<500 - 510

         

737.50

738.00

0.50

<500 - 2200

AR-17-155c1

327

-70

828.5

128.6

422.50

423.50

1.00

<500 - 1000

         

426.00

426.50

0.50

<500 - 550

         

430.00

431.00

1.00

<500 - 2200

         

505.00

505.50

0.50

<500 - 810

         

509.50

510.00

0.50

800 - 18000

         

513.50

518.00

4.50

<500 - 12000

         

520.50

524.00

3.50

<500 - 13000

         

531.00

532.00

1.00

<500 - 25000

         

536.50

537.50

1.00

<500 - 6800

         

547.00

556.50

9.50

<500 - 23000

         

577.00

577.50

0.50

<500 - 2800

         

584.00

586.00

2.00

<500 - 4700

         

589.50

590.00

0.50

<500 - 900

         

606.00

615.00

9.00

<500 - 1600

         

620.00

630.00

10.00

<500 - 1200

         

637.00

637.50

0.50

<500 - 510

         

646.50

647.00

0.50

<500 - 520

         

681.00

690.00

9.00

<500 - 3100

         

693.00

698.00

5.00

<500 - 6300

         

702.50

703.00

0.50

<500 - 2200

         

705.50

706.50

1.00

<500 - 1550

         

723.00

723.50

0.50

<500 - 780

         

733.00

734.50

1.50

<500 - 2800

AR-17-155c2

327

-70

600.5

128.6

458.50

459.50

1.00

<500 - 920

         

463.00

464.00

1.00

<500 - 3200

         

466.50

477.50

11.00

<500 - 37000

         

480.00

481.50

1.50

<500 - 2400

         

486.50

487.00

0.50

<500 - 5350

         

490.00

492.00

2.00

<500 - 21000

         

501.00

501.50

0.50

<500 - 510

         

504.00

505.00

1.00

<500 - 21000

         

511.50

515.00

3.50

<500 - 16000

         

519.00

520.00

1.00

<500 - 2600

         

522.50

530.00

7.50

<500 - 49600

         

534.00

534.50

0.50

<500 - 1900

         

537.00

538.50

1.50

<500 - 6000

         

542.50

545.00

2.50

<500 - 3200

         

551.00

552.00

1.00

<500 - 3600

         

560.50

578.00

17.50

<500 - >61000

         

584.50

586.50

2.00

<500 - 950

AR-17-1556c1

327

-70

858.5

N/A

657.50

662.00

4.50

<500 - 12900

         

664.50

665.00

0.50

<500 - 1300

         

671.50

674.00

2.50

<500 - 21000

         

676.50

703.00

26.50

<500 - 30500

         

707.50

711.00

3.50

<500 - 3600

         

743.50

744.00

0.50

<500 - 560

GAR-17-001

327

-70

597.1

115

272.00

277.00

5.00

<500 - 1150

         

280.00

301.00

21.00

<500 - 2300

         

417.50

419.50

2.00

<500 - 700

         

493.50

494.00

0.50

<500 - 700

         

531.50

537.50

6.00

<500 - 54000

Parameters:

  • Maximum internal dilution 2.00 m downhole
  • All depths and intervals are meters 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 estimated.
  • "Anomalous" means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
  • "Off-scale" means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
  • Where "Min cps" is <500 cps, this refers to local low radiometric zones within the overall radioactive interval

Arrow Deposit Drilling

AR-17-129c5

Hole AR-17-129c5 was a directional hole that departed its pilot hole at a depth of 471 m. This step-out hole was designed to test the A4 shear approximately 50 m up-dip of AR-17-129c1. Directional drilling was initiated at 486 m. The A3 and A4 shears were both intersected at an inclination of -60. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (the A3 and A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with stringers, disseminated, foliation, and fracture-controlled mineralization. A total composite mineralization of 71.0 m including 5.85 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 295.0 m section (616.5 to 911.5 m). In the A3 shear, 49.0 m of composite mineralization including 2.35 m of off-scale radioactivity was intersected. In the A4 shear, 17.0 m of composite mineralization including 3.1 m of off-scale radioactivity was intersected. An additional 1.5 m of composite mineralization was intersected in the A2 shear and 3.5 m of composite mineralization including 0.4 m of off-scale radioactivity was intersected in the A5 shear. The hole was terminated at 960.5 m.

AR-17-129c6

Hole AR-17-129c6 was a directional hole that departed its pilot hole at a depth of 504 m. This step-out hole was designed to test A4 shear 50 m down-dip and northeast of AR-15-57c2. Directional drilling was initiated at 516 m. The A4 shear was intersected at an inclination of -64. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (the A3 and A4 shears). Anomalous radioactivity was intersected in the A4 shear in association with disseminated and fracture-controlled uranium mineralization. A total composite mineralization of 2.5 m was intersected within a 222.5 m section (595.0 to 817.5 m). In the A4 shear, 2.0 m of composite mineralization was intersected. An additional 0.5 m of mineralization was intersected in the A5 shear. The hole was terminated at 876.5 m.

AR-17-129c7

Hole AR-17-129c7 was a directional hole that departed its pilot hole at a depth of 255 m. This step-out hole was designed to test A4 shear 15 m up-dip and northeast of AR-15-57c3. Directional drilling was initiated at 268 m. The A3 and A4 shears were intersected at an inclination of -64. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (the A3 and A4 shears).

Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with stringers, disseminated, foliation, and fracture-controlled mineralization. A total composite mineralization of 28.5 m including 1.4 m of off-scale radioactivity (>10,000 to >58,000 cps) was intersected within a 207.0 m section (650.0 to 857.0 m). In the A3 shear, 11.5 m of composite mineralization was intersected. In the A4 shear, 12.5 m of composite mineralization including 1.3 m of off-scale radioactivity was intersected. An additional 4.5 m of composite mineralization was intersected in the A5 shear including 0.1 m of off-scale radioactivity. The hole was terminated at 960.5 m.

AR-17-143c2

Hole AR-17-143c2 was a directional hole that departed pilot hole AR-17-143c1 at a depth of 204 m. This step-out hole was designed to the southwest gap 50 m up-dip of AR-17-143c1. Directional drilling was initiated at 219 m. The A4 shear was intersected at an inclination of -68. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic and relatively narrow intervals of pelitic gneiss and mylonite (the A4 shear). Anomalous radioactivity was intersected in the A4 shear in association with disseminated uranium mineralization. A total composite mineralization of 0.5 m was intersected in the A4 shear. The hole was terminated at 729.5 m.

AR-17-143c3

Hole AR-17-143c3 was a directional hole that departed pilot hole AR-17-143c2 at a depth of 221 m. This step-out hole was designed to the southwest gap 50 down dip of AR-17-143c1. Directional drilling was initiated at 231 m. The A4 shear was intersected at an inclination of -72. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic and relatively narrow intervals of pelitic gneiss and mylonite (the A4 and A5 shears). Anomalous radioactivity was intersected in the A4 and A5 shears in association with stringers, disseminated, fracture, and foliation-controlled pitchblende mineralization. A total composite mineralization of 45.0 m including 1.45 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 276.5 m section (662.0 to 938.5 m). In the A4 shear, 29.5 m of composite mineralization including 0.15 m of off-scale radioactivity was intersected. In the A5 shear, 15.5 m of composite mineralization including 1.3 m of off-scale radioactivity was intersected. The hole was terminated at 974 m.

AR-17-146c1

Hole AR-17-146c1 was a step-out hole collared from surface at an angled orientation (-70) to the northwest (327 Azimuth). The hole was designed to test the southwest gap 50 m up-dip and northeast of AR-16-103. Directional drilling was initiated at 201 m. The A3 shear was intersected at an inclination of -62. Basement lithologies were intersected beginning at 110.4 m which consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (A3 and A4 shears). Athabasca Group sandstones were not intersected. Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with stringers, disseminated, foliation, and fracture-controlled pitchblende mineralization. A total composite mineralization of 38.5 m including 0.5 m of off-scale radioactivity (>10,000 to 45,000 cps) was intersected within a 166.5 m section (630.5 to 797.0 m). In the A3 shear, 36.0 m of composite mineralization including 0.4 m of off-scale radioactivity was intersected. In the A4 shear, 1.0 m of composite mineralization including 0.1 m of off-scale radioactivity was intersected. An additional 1.5 m of composite mineralization was intersected in the A2 shear. The hole was terminated at 910.5 m.

AR-17-146c2

Hole AR-17-146c2 was a directional hole that departed pilot hole AR-17-146c1 at a depth of 331 m. This step-out hole was designed to test the southwest gap 50 m down-dip and northeast of AR-16-103. Directional drilling was initiated at 348 m. The A3 and A4 shears were both intersected at inclinations of -66. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss and relatively narrow intervals of pelitic gneiss and mylonite (the A3 and A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with disseminated, fracture, and foliation-controlled pitchblende mineralization. A total composite mineralization of 36.0 m including 2.55 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 121 m section (661.5 to 782.5 m). In the A3 shear, 28.0 m of composite mineralization including 2.5 m of off-scale radioactivity was intersected. In the A4 shear, 8.0 m of composite mineralization including 0.05 of off-scale radioactivity was intersected. The hole was terminated at 907.0 m.

AR-17-146c3

Hole AR-17-146c3 was a directional hole that departed hole AR-17-146c2 at a depth of 481 m. This step-out hole was designed to test the southwest gap 90 m down-dip and northeast of AR-16-103. Directional drilling was initiated at 496 m. The A3 and A4 shears were both intersected at inclinations of -69. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss and relatively narrow intervals of pelitic gneiss and mylonite (the A2 through A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A2 through the A4 shears in association with disseminated, fracture, and foliation-controlled pitchblende mineralization. A total composite mineralization of 55.0 m including 0.45 m of off-scale radioactivity (>10,000 to 15,000 cps) was intersected within a 287.5 m section (677.0 to 964.5 m). In the A2 shear, 3.5 m of composite mineralization was intersected. In the A3 shear, 44.0 m of composite mineralization including 0.45 m of off-scale radioactivity was intersected. In the A4 shear, 7.5 m of composite mineralization was intersected. The hole was terminated at 993.5 m.

AR-17-147c1

Hole AR-17-147c1 was a directional hole collared from surface at an angled orientation (-70) to the northwest (327 azimuth). This infill hole was designed to test the A3 shear 30 m down-dip and northeast of AR-17-121c1. Directional drilling was initiated at 201 m. The A3 shear was intersected at an inclination of -65. Strongly bleached Athabasca Group sandstone was intersected from 123.1 m to the unconformity at 133.9 m. Basement lithologies consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (A3 and A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with stringers, disseminated, fracture-controlled, foliation-controlled, and semi-massive pitchblende mineralization. A total composite mineralization of 46.0 m including 5.1 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 153.0 m section (454.0 to 607.0 m). In the A3 shear, 41.0 m of composite mineralization was intersected including 4.3 m of off-scale radioactivity. In the A4 shear, 5.0 m of composite mineralization including 0.8 m of off-scale radioactivity was intersected. The hole was terminated at 621.5 m.

AR-17-147c2

Hole AR-17-147c2 was a directional hole that departed pilot hole AR-17-147c1 at a depth of 432 m. This infill hole was designed to test the A3 shear 25 m below AR-17-147c1. Directional drilling was initiated at 441 m. The A3 shear was intersected at an inclination of -69. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss and relatively narrow intervals of pelitic gneiss and mylonite (A3 and A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with stringers, disseminated, fracture-controlled, and semi-massive pitchblende mineralization. A total composite mineralization of 26.5 m including 4.8 m of off-scale radioactivity (>10,000 to 58,000 cps) was intersected within a 176 m section (454.5 to 630.5 m). In the A3 shear, 25.0 m of composite mineralization including 4.6 m of off-scale radioactivity was intersected. In the A4 shear, 1.5 m of composite mineralization including 0.2 m of off-scale radioactivity was intersected. The hole was terminated at 660.5 m.

AR-17-147c3

Hole AR-17-147c3 was a directional hole that departed pilot hole AR-17-147c2 at a depth of 448 m. This infill hole was designed to test the A3 shear 25 m below AR-17-147c2. Directional drilling was initiated at 458 m. The A3 shear was intersected at an inclination of -73. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss and relatively narrow intervals of pelitic gneiss and mylonite (A3 and A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with stringers, disseminated, fracture-controlled, foliation-controlled, and semi-massive pitchblende mineralization. A total composite mineralization of 86.5 m including 17.45 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 202 m section (454.5 to 656.5 m). In the A3 shear, 79.5 m of composite mineralization including 17.35 m of off-scale radioactivity was intersected. In the A4 shear, 7.0 m of composite mineralization including 0.1 m of off-scale radioactivity was intersected. The hole was terminated at 682.5 m.

AR-17-147c4

Hole AR-17-147c4 was a directional hole that departed pilot hole AR-17-147c1 at a depth of 210 m. This infill hole was designed to test the A3 shear 25 m below AR-17-147c3. Directional drilling was initiated at 222 m. The A3 shear was intersected at an inclination of -72. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss and relatively narrow intervals of pelitic gneiss and mylonite (the A2 through A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A2 through A4 shears in association with stringers, disseminated, fracture-controlled, and foliation-controlled pitchblende mineralization. A total composite mineralization of 90.5 m including 5.7 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 330.5 m section (522.5 to 853.0 m). In the A2 shear, 16.0 m of composite mineralization including 0.15 m of off-scale radioactivity was intersected. In the A3 shear, 67.5 m of composite mineralization including 5.45 m of off-scale radioactivity was intersected. In the A4 shear, 7.0 m of composite mineralization including 0.1 m of off-scale radioactivity was intersected. The hole was terminated at 870.5 m.

AR-17-148c1

Hole AR-17-148c1 was a directional hole collared from the surface at an angled orientation (-70) to the northwest (327 azimuth). This step-out hole was designed to the southwest gap 50 m below AR-16-103. Directional drilling was initiated at 300 m. The A3 shear was intersected at an inclination of -69.

Basement lithologies were intersected beginning at 108.0 m which dominantly consist of semi-pelitic gneiss with relatively narrow intervals of graphitic pelitic gneiss and mylonite (the A2 through A4 shears). The hole successfully intersected anomalous to strongly anomalous radioactivity in the A2 through A4 shears in association with disseminated, foliation-controlled, and fracture-controlled pitchblende mineralization. A total composite mineralization of 50.5 m including 2.0 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 486.5 m section (505.0 to 991.5 m). In the A2 shear, 7.0 m of composite mineralization was intersected. In the A3 shear, 15.0 m of composite mineralization including 1.0 m of off-scale radioactivity was intersected. In the A4 shear, 28.0 m of composite mineralization was intersected including 1.0 m of off-scale radioactivity. An additional 0.5 m of composite mineralization was intersected in the A5 shear. The hole was terminated at a depth of 1054.0 m.

AR-17-148c2

Hole AR-17-148c2 was a directional hole that departed pilot hole AR-17-148c1 at a depth of 628 m. This step-out hole was designed to the southwest gap 100 m down-dip of AR-16-103. Directional drilling was initiated at 642 m. The A3 shear was intersected at an inclination of -76.Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (A3 and A4 shears). The hole successfully intersected anomalous to strongly anomalous radioactivity in the A3 and A4 shears in association with disseminated, and fracture-controlled pitchblende mineralization. A total composite mineralization of 51.5 m including 0.2 m of off-scale radioactivity (>10,000 to 15,000 cps) was intersected within a 260 m section (693.5 to 953.5 m). In the A3 shear, 10.5 m of composite mineralization was intersected. In the A4 shear, 41.0 m of composite mineralization including 0.2 m of off-scale radioactivity was intersected. The hole was terminated at a depth of 1044.5 m.

AR-17-149c1

Hole AR-17-149c1 was a directional hole collared from the surface at an angled orientation (-70) to the northwest (345 Azimuth). It was a step-out hole designed to test the northeast gap 110 m down-dip and northeast of AR-17-116c2. Directional drilling was initiated at 201 m. The A3 shear was intersected at an inclination of -68.The hole intersected bleached Athabasca Group sandstones between 122.0 m and the unconformity at 134.9 m. Basement lithologies dominantly consisted of semi-pelitic gneiss with relatively narrow intervals of graphitic pelitic gneiss and mylonite (the A2 and A3 shears). The hole successfully intersected anomalous to strongly anomalous radioactivity in the A2 and A3 shears in association with stringers, disseminated, foliation-controlled, and fracture-controlled pitchblende mineralization. A total composite mineralization of 33.5 m including 0.95 m of off-scale radioactivity (>10,000 to 48,000 cps) was intersected within a 255 m section (618.5 to 873.5 m). In the A2 shear, 9.0 m of composite mineralization was intersected. In the A3 shear, 24.5 m of composite mineralization including 0.95 m of off-scale radioactivity was intersected. The hole was terminated at a depth of 1014.5 m.

AR-17-149c2

Hole AR-17-149c2 was a directional hole that departed pilot hole AR-17-149c1 at a depth of 540 m. This step-out hole was designed to test the northeast gap 50 m above AR-17-149c1. Directional drilling was initiated at 552 m. The A2 shear was intersected at an inclination of -64. Basement lithologies were intersected from the top of the hole and dominantly consisted of semi-pelitic gneiss with relatively narrow intervals of graphitic pelitic gneiss and mylonite (the A2 through A3 shears). The hole successfully intersected anomalous radioactivity in the A2 and A3 shears in association with stringers, disseminated, fracture-controlled, and foliation-controlled pitchblende mineralization. A total composite mineralization of 20.5 m including 0.6 m of off-scale radioactivity (>10,000 to 52,000 cps) was intersected within a 142 m section (623.0 to 765.0 m). In the A2 shear, 5.5 m of composite mineralization including 0.2 m of off-scale radioactivity was intersected. In the A3 shear, 15.0 m of composite mineralization including 0.4 m of off-scale radioactivity was intersected. The hole was terminated at a depth of 897.5 m.

AR-17-154c1

Hole AR-17-154c1 was a directional hole collared from the surface at an angled orientation (-70) to the northwest (327 Azimuth). It was a step-out hole designed to test the northeast gap 20 m up-dip and northeast of AR-17-133c2. Directional drilling was initiated at 205 m. The A2 shear was intersected at an inclination of -65. The hole intersected bleached Athabasca Group sandstones between 108.9 m and the unconformity at 120.6 m. Basement lithologies dominantly consisted of semi-pelitic gneiss with relatively narrow intervals of graphitic pelitic gneiss and mylonite (the A2 and A3 shears). The hole successfully intersected anomalous to strongly anomalous radioactivity in the A2 through the A4 shears in association with stringers, disseminated, foliation-controlled, and fracture-controlled pitchblende mineralization. A total composite mineralization of 32.5 m including 1.8 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 318.5 m section (419.0 to 737.5 m). In the A2 shear, 21.0 m of composite mineralization including 1.8 m of off-scale radioactivity was intersected. In the A3 shear, 11.0 m of composite mineralization was intersected. Additionally, 0.5 m of composite mineralization was intersected in the A4 shear. The hole was terminated at a depth of 854.0 m.

AR-17-154c2

Hole AR-17-154c2 was a directional hole that departed pilot hole AR-17-154c1 at a depth of 228 m. This step-out hole was designed to test the northeast gap 80 m up-dip and northeast of AR-17-149c1 m. Directional drilling was initiated at 244 m. The A2 shear was intersected at an inclination of -68. Basement lithologies were intersected from the top of the hole and dominantly consisted of semi-pelitic gneiss with relatively narrow intervals of graphitic pelitic gneiss and mylonite (the A2 through A3 shears). The hole successfully intersected anomalous radioactivity in the A2 and A3 shears in association with stringers, disseminated, fracture-controlled, and foliation-controlled pitchblende mineralization. A total composite mineralization of 1.5 m was intersected within a 126 m section (612.0 to 738.0 m). In the A2 shear, 0.5 m of composite mineralization was intersected. In the A3 shear, 1.0 m of composite was intersected. The hole was terminated at a depth of 849.5 m.

AR-17-155c1

Hole AR-17-155c1 was a directional hole collared from surface at an angled orientation (-70) to the northwest (327 azimuth). This infill hole was designed to test the A3 shear 22 m up-dip from AR-17-118c1. Directional drilling was initiated at 202 m. The A3 shear was intersected at an inclination of -69. Strongly bleached Athabasca Group sandstone was intersected from 120.7 m to the unconformity at 128.7 m. Basement lithologies consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (A2 through the A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A2 through A4 shears in association with stringers, disseminated, fracture-controlled, and foliation-controlled pitchblende mineralization. A total composite mineralization of 63.5 m including 0.85 m of off-scale radioactivity (>10,000 to 25,000 cps) was intersected within a 312.0 m section (422.5 to 734.5 m). In the A2 shear, 17.5 m of composite mineralization was intersected. In the A3 shear, 38.0 m of composite mineralization was intersected including 0.55 m of off-scale radioactivity. In the A4 shear, 8.0 m of composite mineralization including 0.3 m of off-scale radioactivity was intersected. The hole was terminated at 828.5 m.

AR-17-155c2

Hole AR-17-155c2 was a directional hole that departed pilot hole AR-17-155c1 at a depth of 202 m. This infill hole was designed to test the A3 shear 34 m up-dip of AR-15-057c5. Directional drilling was initiated at 202 m. The A3 shear was intersected at an inclination of -67. Basement lithologies were intersected beginning at the top of the hole and consisted largely of semi-pelitic gneiss and relatively narrow intervals of pelitic gneiss and mylonite (A3 and A4 shears). Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with stringers, disseminated, fracture-controlled, foliation-controlled and worm rock pitchblende mineralization. A total composite mineralization of 55.5 m including 5.7 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 128 m section (458.5 to 586.5 m). In the A3 shear, 41.0 m of composite mineralization including 5.15 m of off-scale radioactivity was intersected. In the A4 shear, 14.5 m of composite mineralization including 0.55 m of off-scale radioactivity was intersected. The hole was terminated at 600.5 m.

AR-17-156c1

Hole AR-17-156c1 was a step-out hole collared from surface at an angled orientation (-70) to the northwest (327 Azimuth). The hole was designed to test the southwest gap 45 m southwest of AR-16-103. Directional drilling was initiated at 157 m. The A3 shear was intersected at an inclination of -63. Basement lithologies were intersected beginning at 103.5 m which consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (A3 and A4 shears). Athabasca Group sandstones were not intersected. Anomalous to strongly anomalous radioactivity was intersected in the A3 and A4 shears in association with stringers, disseminated, foliation, and fracture-controlled pitchblende mineralization. A total composite mineralization of 38.0 m including 3.0 m of off-scale radioactivity (>10,000 to 30,500 cps) was intersected within an 86.5 m section (657.5 to 744.0 m). In the A3 shear, 33.5 m of composite mineralization including 2.8 m of off-scale radioactivity was intersected. In the A4 shear, 4.5 m of composite mineralization including 0.2 m of off-scale radioactivity was intersected. The hole was terminated at a depth of 858.5 m.

GAR-17-001

GAR-17-001 was the first hole drilled in the geotechnical segment of the Pre-Feasibility Study. The hole was collared from surface at an angled orientation (-70) to the northwest (327 azimuth). The purpose of the hole was to provide data on the geotechnical and hydrogeological characteristics of the Arrow Deposit host rocks and overburden. Strongly bleached Athabasca Group sandstone was intersected from 104.2 m to the unconformity at 115.0 m. Basement lithologies consisted largely of semi-pelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite associated with the A1 shear zone. Anomalous to strongly anomalous radioactivity was intersected in the A1 shear in association with stringers, disseminated, and fracture-controlled pitchblende mineralization. A second zone of strongly anomalous radioactivity anchored by a narrow vein of semi-massive pitchblende mineralization was intersected in a new area northwest of the A1 shear. A total composite mineralization of 34.5 m including 0.9 m of off-scale radioactivity (>10,000 to 54,000 cps) was intersected within a 265.5 m section (272.0 m to 537.5 m). In the A1 shear, 28.0 m of composite mineralization was intersected. In the new zone northwest of the A1 shear, 6.5 m of composite mineralization was intersected including 0.9 m of off-scale radioactivity. The hole was terminated at a depth of 597.1 m.

About NexGen

NexGen is a British Columbia corporation 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 portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Discovery in February 2014 and Bow Discovery in March 2015 and the Harpoon discovery in August 2016. The Arrow deposit's updated mineral resource estimate with an effective date of December 20, 2016 was released in March 2017, and comprised 179.5 M lbs U3O8 contained in 1.18 M tonnes grading 6.88% U3O8 in the Indicated Mineral Resource category and an additional 122.1 M lbs U3O8 contained in 4.25 M tonnes grading 1.30% U3O8 in the Inferred Mineral Resource category.

Technical Information

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-120 gamma-ray scintillometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.

Split core samples will be taken systematically, and intervals will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis. All samples sent to SRC will be analyzed using ICP-MS for trace elements on partial and total digestions, ICP-OES for major and minor elements on a total digestion, and fusion solution of boron by ICP-OES. Mineralized samples are analyzed for U3O8 by ICP-OES and select samples for gold by fire assay. Assay results will be released when received and after stringent internal QA/QC protocols are passed.

All scientific and technical information in this news release has been prepared by or reviewed and approved by Mr. Garrett Ainsworth, P.Geo., Vice President – Exploration & Development for NexGen. Mr. Ainsworth is a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("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. For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the mineral resource please refer to the technical report entitled "Technical Report on the Preliminary Economic Assessment of the Arrow Deposit, Rook 1 Property, Province of Saskatchewan, Canada" dated effective September 1, 2017 (the "Rook 1 Technical Report") prepared by Jason J. Cox, David M. Robson, Mark B. Mathisen, David A. Ross, Val Coetzee and Mark Wittrup, each of whom is a "qualified person" under NI 43-101. The Rook I Technical Report is available for review under the Company's profile on SEDAR at www.sedar.com. All intersections are downhole, true thicknesses are yet to be determined.

U.S. investors are advised that while the terms "indicated resources" and "inferred resources" are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize these terms. U.S. investors are cautioned not to assume that any part or all of the material in these categories will ever be converted into mineral reserves.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, the completion of the technical report in support of the PEA. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof 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" or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's Annual Information Form dated March 31, 2017 under "Risk Factors".

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 or implied by 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 forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

 

SOURCE NexGen Energy Ltd.