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NextSource Materials Inc. Board/Management Information 2021

Jan 4, 2021

46104_rns_2021-01-04_fc1f69e1-2d2e-4c42-bdf1-7187511ad59d.pdf

Board/Management Information

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FORM 51-102F3 MATERIAL CHANGE REPORT UNDER NATIONAL INSTRUMENT 51-102

Item 1. Name and Address of Company

NextSource Materials Inc. (the “ Company ”) 130 King Street West, Exchange Tower Suite 1940 Toronto, Ontario, M5X 2A2 Canada

Item 2. Date of Material Change

December 29, 2020

Item 3. News Release

A news release was issued by the Company on December 29, 2020 through the facilities of Issuer Direct and was subsequently filed on SEDAR.

Item 4. Summary of Material Change

Dean Comand resigned as a Director of the Company.

Item 5. Full Description of Material Change

On December 29, 2020 the Company announced that Dean Comand declined to be renominated to the Board of Directors and resigned as a Director at the conclusion of the Annual and Special Meeting of Shareholders held on December 29, 2020.

Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

Item 7. Omitted Information

Not applicable.

Item 8. Executive Officer

Marc Johnson Chief Financial Officer (416) 364-4911

Item 9. Date of Report

January 4, 2021.