VANCOUVER, July 14, 2016 /CNW/ - NexGen Energy Ltd.
("NexGen" or the "Company") (TSXV:NXE, OTCQX:NXGEF) is pleased to announce that it has received final approval
from the Toronto Stock Exchange (the "TSX") to graduate from the TSX Venture Exchange ("TSXV") and list its common shares
("Shares") on the TSX.
The Shares will commence trading on the TSX at the opening of markets on Friday July 15, 2016
under its existing symbol "NXE". In connection with the listing of the Shares on the TSX, the last day of trading on the TSXV
will be Thursday July 14, 2016 and the Shares will be delisted from the TSXV upon commencement of
trading on the TSX.
Leigh Curyer, Chief Executive Officer commented: "This is a timely next step for the Company as we continue to optimize Arrow
through its current and future stages of development."
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 highly 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. The Arrow Deposit's maiden Inferred mineral resource estimate is 201.9 M lbs
U3O8 contained in 3.48 M tonnes grading 2.63% U3O8. Rook I also hosts the Bow
Discovery which is 3.7 km along trend and northeast of Arrow and was made in March 2015.
The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Information
This news release contains "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, planned
exploration activities. 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 connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results
of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration activities,
that general business and economic conditions will not change in a material adverse manner, that financing will be available if and
when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals
required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely 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 events or results in future periods to differ materially from any projections of future events or results
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 additional financing, no known mineral reserves or resources, pending assay
results may not be consistent with preliminary results, discretion in the use of proceeds, alternative sources of energy,
aboriginal title and consultation issues, reliance on key management and other personnel, potential downturns in economic
conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon
results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as
anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration
industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other
approvals.
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.