GATINEAU, QUÉBEC--(Marketwired - June 16, 2016) -

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES.

Nouveau Monde Mining Enterprises Inc. ("Nouveau Monde" or the "Corporation") (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) announces the closing of a non-brokered private placements, of a total of 5,312,000 units, at a price of $ 0.25 per Unit, for an aggregate proceeds of $ 1,328,000 and the second one of a total of 3,243,532 common shares issued as flow-through shares, at a price of $ 0.30 per Flow-Through Share, for an aggregate proceeds of $ 973,060. The total proceeds raised in the financing is 2,301,060 $.

Each unit is comprised of one common share of the Corporation and one-half of one common share purchase warrant. Each whole common share purchase warrant shall entitle the holder thereof to subscribe for one common share of the capital stock of the Corporation, at a price of $ 0.35 per common share, for a period of 12 months following the closing. 

The proceeds of the offering will be used by Nouveau Monde for its working capital, initiate the work program leading to the feasibility study and to incur exploration expenses on the Matawinie property. Registered Exempt Market and Broker Dealers in Canada received cash payments of $ 39,250 and 62,400 broker warrants to purchase up to 62,400 common shares in the capital stock of the Corporation, at a price of $ 0.25 per common share, within a delay of 12 months after the closing and 78,832 broker warrants to purchase up to 78,832 common shares in the capital stock of the Corporation, at a price of $ 0.30 per common share, within a delay of 12 months after the closing. All securities issued under the financing are subject to a restricted period of four months and a day, ending on October 16, 2016 under applicable Canadian securities legislation. As a result of the financing, the Corporation will have 65,131,441 common shares issued and outstanding.

The Corporation expects to be able to file shortly all required documentation to satisfy the conditional acceptance of the TSX Venture Exchange pursuant to the Units Offering.

The securities issued under the first tranche of the Units Offering have not been registered under the United States Securities Act of 1933 (the "Act") or any state securities laws and may not be offered or sold absent registration under the Act and applicable state securities laws or an applicable exemption from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption there from.

Grant of options

The Corporation announces the grant of a total of 275,000 options to consultants. Each option shall entitle its holder thereof to subscribe for one common share of the Corporation, at a price of $0.30 per common share, for a period of five years from the date of grant. These options will vest one quarter at issuance and by period of three months until March 16^th 2017. These options were granted in accordance with the terms of the current stock option plan of the Corporation.

Invitation to a Press Conference

Nouveau Monde is pleased to invite all media representatives and investors to a press conference to release the results of the NI43-101 Preliminary Economic Assessment on the Tony block of the Matawinie project. The press conference will be held on Wednesday June 22^nd 2016 at 10h30am at:

This announcement is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the Act, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption. No public offering of securities is being made in the United States.

The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.