VANCOUVER, March 21, 2019 /CNW/ - NexGen Energy Ltd.
("NexGen" or the "Company") (TSX:NXE, NYSE MKT:NXE) is pleased to announce the appointment of former Saskatchewan Premier Mr. Brad Wall to the Company's Board of Directors. This
appointment coincides with the retirement from the NexGen Board of Craig Parry, Chief Executive
Officer of IsoEnergy and founding member of the Board of Directors at NexGen, who is moving onto the Technical Advisory
Committee.
Leigh Curyer, Chief Executive Officer, commented: "On behalf of the Executive and Board of NexGen we are very pleased to
welcome Mr. Brad Wall. Mr. Wall brings to NexGen extensive national energy policy, political
and economic experience and has demonstrated a very strong commitment, results and advocacy in the best interests of Saskatchewan and Canada over his entire career. Mr Wall in his capacity as
a director to NexGen is joining a team dedicated to developing a Canadian energy project that will deliver significant
generational benefits to Saskatchewan and Canada and set new
standards in responsible project development.
I would also like to take the opportunity to thank Craig Parry, one of our founding Directors,
for his dedication and support during his tenure as a director. In his capacity as Chief Executive Officer of IsoEnergy, which
recently made a significant uranium discovery, we look forward to Craig's continued valuable contribution to the group as he
primarily focuses his efforts on the exciting Hurricane Zone with NexGen being a significant long-term shareholder."
Brad Wall
As the 14th Premier of Saskatchewan, Mr. Wall brings to NexGen's Board political
experience spanning over a 20 year period. During his tenure as Premier, Mr. Wall led the province to unprecedented economic
expansion, strong population and export growth, record infrastructure investment and the first ever and continuing AAA credit for
the Province's finances. Mr. Wall worked successfully with the previous federal government to achieve nuclear
cooperation agreements between Canada and both India and
China opening up those civilian nuclear energy markets to Canadian uranium. He is an
advocate for sustainable, inclusive economic development and provides strategic insight to the energy sector.
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 100% interest in Rook I,
location of the Arrow Deposit in the Athabasca Basin, Saskatchewan,
Canada and a portfolio of prospective uranium exploration projects throughout northwest Saskatchewan. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the 2019 Environmental and
Social Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O'Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a "qualified person" under National Instrument 43-101 – Standards
of Disclosure for Mineral Projects ("NI-43-101").
The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at
RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at
RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they
have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen.
Mr. Boisjoli is a qualified person for the purposes of 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. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr.
Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained
herein on mine design.
A technical report in respect to the PFS is filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website (www.nexgenenergy.ca).
SEC Standards
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in
accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions
in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report
reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the
primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves
reported by the Company in accordance with NI 43-101 may not qualify as "reserves" under SEC standards. In addition, the terms
"mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and
required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not
permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves
do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits
in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to
their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of
an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred
mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally,
disclosure of "contained pounds" in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally
only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade
without reference to unit measurements. Accordingly, information contained or referenced in this news release containing
descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companies subject
to the reporting and disclosure requirements of United States federal securities laws and the
rules and regulations thereunder.
Technical Information
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 "Arrow
Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study" dated effective 5
November, 2018 (the "Rook 1 Technical Report") prepared by Paul O'Hara, P.Eng.,
Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. 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 and EDGAR (www.sec.gov/edgar.shtml) providing 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 and is
available on NexGen Energy's website (www.nexgenenergy.ca).
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. 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 2, 2018 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.
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SOURCE NexGen Energy Ltd.
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