LMD LED Medical Diagnostics Inc

NOT FOR DISTRIBUTION IN UNITED STATES 

NEMASKA EXPLORATION INC. (the "Corporation")(TSX VENTURE:NMX) is pleased to
announce that it has closed a brokered private placement of 5,032,500 units
(each a "Unit" and collectively the "Units") at a price of $0.40 per Unit for
gross proceeds of $2,013,000 and a brokered private placement of 11,702,000
flow-through units (each a "Flow-Through Unit" and collectively the
"Flow-Through Units") at a price of $0.50 per Flow-Through Unit for gross
proceeds of $5,851,000 (collectively the "Offering") for a total aggregate gross
proceeds of $7,864,000.


Each Unit is comprised of one common share in the capital stock of the
Corporation (each a "Common Share" and collectively the "Common Shares") and one
warrant of the Corporation (each a "Warrant" and collectively the "Warrants").
Each Flow-Through Unit is comprised of one Common Share issued as a flow-through
share and one Warrant. Each Warrant entitles the holder thereof to subscribe to
one Common Share at a price of $0.55 per Common Share for a period of 24 months
from the closing date of the Offering.


Of the 11,702,000 Flow-Through Units, 3,000,000 Flow-Through Units have been
subscribed by Pathway Quebec Mining 2010 Flow-Through Limited Partnership,
Pathway Quebec Mining 2010-11 Flow-Through Limited Partnership and MineralFields
Quebec 2010 Super Flow-Through for aggregate gross proceeds of $1,500,000 (the
"MineralFields Offering").


The Offering was placed by a syndicate of agents led by Dundee Securities
Corporation as sole bookrunner and included Industrial Alliance Securities Inc.
(the "Agents").


The Agents received an aggregate cash commission of $529,120 and an aggregate
number of 898,760 compensation options (the "Compensation Options"). The
Compensation Options provide the Agents with the right to subscribe for an
aggregate number of 202,600 Common Shares at a price of $0.40 per Common Share
and an aggregate number of 696,160 Common Shares at a price of $0.50 per Common
Share for a period of 24 months from the closing date of the Offering. 


Limited Market Dealer Inc. ("LMD") received a cash finder's fee of $120,000 and
an aggregate number of 240,000 finder's options (the "Finder's Options")
entitling LMD to subscribe for up to 240,000 Common Shares at a price of $0.50
per Common Share for a period of 24 months from the closing date of the
MineralFields Offering.


All securities comprised in the Units and the Flow-Through Units as well as the
Compensation Options and the Finder's Options are subject to a four-month hold
period and one day.


The Corporation expects to be able to file shortly all required documentation to
satisfy the conditional acceptance of the TSX Venture Exchange Inc.


About NEMASKA EXPLORATION INC.

Nemaska Exploration Inc. is a mineral exploration company involved in the James
Bay region of Quebec. Its main assets are the Whabouchi (about 1,716 hectares),
Lac Levac (about 9,200 hectares), Lac Arques (about 39,470 hectares), and Lac
des Montagnes (about 12,740 hectares) properties, all 100 % owned. These
properties are contiguous and cover about 85 km of the Lac des Montagnes green
belt polymetallic formation. They are easily accessible year round by either the
Route du Nord from Chibougamau (280 km) or the Route de la Baie James from
Matagami (380 km) and are located near the Cree community of Nemaska and the
Nemiscau airport.


The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and so involve
inherent risks and uncertainties, as disclosed under the heading "Risk Factors"
in the Company's periodic filings with Canadian securities regulators. Actual
results could differ from those currently projected. The Company does not assume
the obligation to update any forward-looking statement.

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