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NexGen Releases 2021 Sustainability Report

Press Release

VANCOUVER, BC, Nov. 3, 2022 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the release of its 2021 Sustainability Report (“the Report”), available online on the Company’s website www.nexgenenergy.ca in the “Responsible Development” section. The Report highlights specific programs, initiatives, and organizational frameworks that NexGen has created or expanded upon to deliver as much positivity as possible for as many people as possible.

Leigh Curyer, Chief Executive Officer commented: “The principles of NexGen’s approach to sustainability aren’t dependent on the stage of our development – it’s a focus that’s embedded into our daily business decision making across the organization. The Report demonstrates seamless integration of sustainability across all areas of people and project development, execution and operations, and long-term strategic planning. It reflects NexGen’s ‘elite standards’ approach to everything we do and is a great insight into the philosophy of how we’ve conducted our business since inception.”

Highlights in the Report:

Benefit Agreements:  NexGen signed Benefit Agreements with the Buffalo River Dene Nation and Birch Narrows Dene Nation covering all phases of the Rook I Project including closure, and formalizing NexGen’s commitment to work in partnership with all local communities, with the mutual objective to responsibly develop the Rook I Project.  In early 2022 NexGen and the Clearwater River Dene Nation signed a third Benefit Agreement.

Integrated Business and ESG Framework: NexGen introduced a structured Integrated Business and ESG Framework to formally combine sustainability and ESG with the Company’s practices and decisions.

Greenhouse Gas (“GHG”) Emissions Inventory: In order to help understand the Company’s impacts, NexGen carried out a GHG Emissions Inventory for the period 2013 (since Company going public)-2021, using the operational control approach with geographic boundaries set to include the Company’s Saskatoon and Vancouver offices and the Rook I property.

Integrated Management System (“IMS”): NexGen implemented an IMS for all employees and contractors with robust occupational health and safety processes and established a joint Occupational Health and Safety Committee (“OHC”) for the Rook I site during field activities.

This is NexGen’s second Sustainability Report and covers the period January 1 to December 31, 2021 and is prepared with reference to the Global Reporting Initiative (“GRI”) Standards.  The Company will continue reporting on an annual basis.

About NexGen

NexGen is a British Columbia corporation focused on the development of the Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada, into production. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines elite environmental performance as well as industry leading economics. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U3O8 contained in 2.18 M tonnes grading 4.35% U3O8, Indicated Mineral Resources of 47.1 M lbs of U3O8 contained in 1.57 M tonnes grading 1.36% U3O8, and Inferred Mineral Resources of 80.7 M lbs of U3O8 contained in 4.40 M tonnes grading 0.83% U3O8.

NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. The Company is the recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Environmental and Social Responsibility Award.

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