NextSource Materials Inc. — Regulatory Filings 2020

Sep 23, 2020

FORM 13-502F1 CLASS 1 AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, _______________________ Marc Johnso , an officer of the reporting issuer noted below have examined this Form 13-502F1 (the Form ) being submitted hereunder to the Ontario Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate. (s)________________________________ Marc Johnson, CFO __________________________ September 21, 2020 Name: Date: Title:

Reporting Issuer Name: NextSource Materials Inc. End date of previous financial year: June 30, 2020 Type of Reporting Issuer:  Class 1 reporting issuer  Class 3B reporting issuer Highest Trading Marketplace: TORONTO STOCK EXCHANGE (refer to the definition of “highest trading marketplace” under OSC Rule 13-502 Fees ) Market value of listed or quoted equity securities: (in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees ) Equity Symbol _________________________ NEXT 1[st] Specified Trading Period (dd/mm/yy) (refer to the definition of “specified trading period” under OSCRule 13-502 Fees ) _________________ 01/07/2019 to _________________ 30/09/2019 Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace $________________________ 0.045 (i) Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period _________________________ 507,417,021 (ii) Market value of class or series (i) x (ii) $_________________________ 22,833,766 (A) 2[nd] Specified Trading Period (dd/mm/yy) (refer to the definition of “specified trading period” under OSCRule 13-502 Fees ) _________________ 01/10/2019 to _________________ 31/12/2019

Closing price of the security in the class or series
on the last trading day of the specified trading
period in which such security was listed or quoted
on the highest trading marketplace		$______________________(iii)0.045
Number of securities in the class or series of such
security outstanding at the end of the last trading
day of the specified trading period		________________________(iv)536,494,789
Market value of class or series	(iii) x (iv)	$________________________(B)24,142,265
3rd Specified Trading Period(dd/mm/yy)
(refer to the definition of “specified trading period” under OSC	_________________ to _________________01/01/202031/03/2020
Rule 13-502_Fees_)
Closing price of the security in the class or series
on the last trading day of the specified trading
period in which such security was listed or quoted
on the highest trading marketplace		$ _______________________(v)0.030
Number of securities in the class or series of such
security outstanding at the end of the last trading
day of the specified trading period		________________________(vi)536,494,789
Market value of class or series	(v) x (vi)	$________________________(C)16,094,843
4th Specified Trading Period(dd/mm/yy)
(refer to the definition of “specified trading period” under OSC	_________________ to _________________01/04/202030/06/2020
Rule 13-502_Fees_)
Closing price of the security in the class or series
on the last trading day of the specified trading
period in which such security was listed or quoted
on the highest trading marketplace		________________________(vii)0.035
Number of securities in the class or series of such
security outstanding at the end of the last trading
day of the specified trading period		________________________(viii)536,494,789
Market value of class or series	(vii) x (viii)	$________________________(D)18,777,318
5th Specified Trading Period(dd/mm/yy)
(if applicable - refer to the definition of “specified trading	_________________ to _________________
period” under OSC Rule 13-502_Fees_)
Closing price of the security in the class or series
on the last trading day of the specified trading
period in which such security was listed or quoted
on the highest trading marketplace		$_______________________(ix)
Number of securities in the class or series of such		________________________(x)

security outstanding at the end of the last trading day of the specified trading period

Market value of class or series (ix) x (x) $________________________ (E) Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) $_________________________ (1) 20,462,048

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary pursuant to paragraph 2.8(1)(c) of OSC Rule 13-502 Fees , if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:

(See paragraph 2.8(1)(b) , and if applicable, paragraph 2.8(1)(c) of OSC Rule 13-502 Fees ) $_________________________ (2) 0

(Provide details of how value was determined)

Capitalization for the previous financial year (1) + (2) $_________________________ 20,462,048 Participation Fee $_________________________ 1,070 (For Class 1 reporting issuers, from Appendix A of OSC Rule 13-502 Fees , select the participation fee) (For Class 3B reporting issuers, from Appendix A.1 of OSC Rule 13-502 Fees , select the participation fee) Late Fee , if applicable (As determined under section 2.7 of OSC Rule 13502 Fees ) $ _________________________ 0 Total Fee Payable (Participation Fee plus Late Fee) $ _________________________ 1,070