NextSource Materials Inc. announced the appointment of Mr. Ian Pearce to its Board effective July 14, 2021. Mr. Pearce will be a valuable addition to NextSource as it prepares for mine commissioning in April 2022 while simultaneously advancing its lithium-ion battery anode facility ("BAF") as part of its strategic partnership with the current processors of the Tesla supply chain, as announced on April 12, 2021. Mr. Pearce is the former CEO of Xstrata Nickel, and prior to that was the former COO of Falconbridge Limited, which was acquired by Xstrata Plc in 2006. Xstrata Plc's acquisition of Falconbridge was one of the largest mining takeovers globally and one of the largest takeover bids in Canadian history. To make room for Mr. Pearce to join the NextSource Board, Dr. David McNeely has submitted his resignation effective July 14, 2021. Dr. McNeely will remain a consultant to the Board and continue to advise the Company in its transformation from a development company to a future producer.