 TORONTO, ON ACCESSWIRE March 4, 2021 NextSource Materials Inc. TSX:NEXTOTCQB:NSRCF NextSource or the Company is pleased to provide an update on the status of the closing of the first tranche of a non-brokered private placement the Initial Private Placement with Vision Blue Resources Ltd Vision Blue, a newly created battery commodityresource-focused private investment company founded by Sir Mick Davis, former CEO of Xstrata Plc, previously announced on February 8, 2021. NextSource and Vision Blue have executed the definitive documentation in respect of the Initial Private Placement and are prepared to close the transaction upon receipt of the required regulatory approval. 