NextSource Materials Inc. — Regulatory Filings 2020

Sep 23, 2020

Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

==> picture [487 x 532] intentionally omitted <==

----- Start of picture text ----- Marc JohnsonI, ____________________ , an officer of the reporting issuer noted below have examined thisForm 13-501F1 (the Form ) being submitted hereunder to the Alberta Securities Commission andcertify that to my knowledge, having exercised reasonable diligence, the information provided inthe Form is complete and accurate.(s) Marc Johnson, CFO September 21, 2020_________________________________ _________________________________Name: Date:Title:NextSource Materials Inc.Reporting Issuer Name:June 30, 2020End date of previous financial year:Type of Reporting Issuer: [ ] Class 1 reporting [ ] Class 3B reportingissuer issuerToronto Stock ExchangeHighest Trading Marketplace:Market value of listed or quoted equity securities:NEXTEquity Symbol01/07/19 30/09/191st Specified Trading Period (dd/mm/yy) _______________ to ______________Closing price of the security in the class or series on thelast trading day of the specified trading period in which0.045such security was listed or quoted on the highest trading $ ______________________marketplace (i)----- End of picture text -----

Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of	Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of	________________________507,417,021
the specified trading period		(ii)
	(i) x (ii)	$ ______________________22,833,766
Market value of class or series		(A)
		31/12/1901/10/19
2nd Specified Trading Period(dd/mm/yy)	_______________ to ______________
Closing price of the security in the class or series on the
last trading day of the specified trading period in whichsuch security was listed or quoted on the highest trading		$ ______________________0.045
marketplace		(iii)
Number of securities in the class or series of such		536,494,789
security outstanding at the end of the last trading day of		______________________
the specified trading period		(iv)
	(iii) x (iv)	$ ______________________24,142,265
Market value of class or series		(B)
		31/03/2001/01/20
3rd Specified Trading Period(dd/mm/yy)	_______________ to ______________
Closing price of the security in the class or series on the
last trading day of the specified trading period in which		0.030
such security was listed or quoted on the highest trading		$ ______________________
marketplace		(v)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of		______________________536,494,789
the specified trading period		(vi)
	(v) x (vi)	$ ______________________16,094,843
Market value of class or series		(C)

==> picture [482 x 527] intentionally omitted <==

----- Start of picture text ----- 01/04/20 30/06/204th Specified Trading Period (dd/mm/yy) _______________ to ______________Closing price of the security in the class or series on thelast trading day of the specified trading period in which 0.035such security was listed or quoted on the highest trading $ ______________________marketplace (vii)Number of securities in the class or series of such536,494,789security outstanding at the end of the last trading day of ______________________the specified trading period (viii)18,777,318(vii) x (viii) $ ______________________Market value of class or series (D)5th Specified Trading Period (dd/mm/yy) _______________ to ______________Closing price of the security in the class or series on thelast trading day of the specified trading period in whichsuch security was listed or quoted on the highest trading $ ______________________marketplace (ix)Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of ______________________the specified trading period (x)(ix) x (x) $ ______________________Market value of class or series (E)Average Market Value of Class or Series (Calculatethe simple average of the market value of the class or 20,462,048series of security for each applicable specified trading $ ______________________period (i.e. A through E above)) ( 1 )----- End of picture text -----

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:

==> picture [478 x 231] intentionally omitted <==

----- Start of picture text ----- 0(Provide details of how value was determined) $ ______________________( 2 )20,462,048Capitalization for the previous financial year (1) + (2) $ ______________________500Participation Fee $ ______________________0Late Fee , if applicable $ ______________________500Total Fee Payable $ ______________________(Participation Fee plus Late Fee)----- End of picture text -----