<SEC-DOCUMENT>0001279569-20-000731.txt : 20200511
<SEC-HEADER>0001279569-20-000731.hdr.sgml : 20200511
<ACCEPTANCE-DATETIME>20200511140421
ACCESSION NUMBER:		0001279569-20-000731
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200511
FILED AS OF DATE:		20200511
DATE AS OF CHANGE:		20200511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NexGen Energy Ltd.
		CENTRAL INDEX KEY:			0001698535
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				840123707
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38072
		FILM NUMBER:		20864025

	BUSINESS ADDRESS:	
		STREET 1:		1021 WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 0C3
		BUSINESS PHONE:		(604) 428-4112

	MAIL ADDRESS:	
		STREET 1:		1021 WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 0C3
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>nexgen6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-top: Black 5.25pt double; border-bottom: Black 5.25pt double; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>
        <P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>___________________</B></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: center"><B>Form 6-K</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
        TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">For the month of May 2020</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Commission File Number 001-38072</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>___________________</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>NexGen Energy Ltd.</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Suite 3150, 1021 &ndash; West Hastings Street<BR>
        Vancouver, B.C., Canada V6E 0C3</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>___________________</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">I<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ndicate
        by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form
        20-F&nbsp;&nbsp;&nbsp;&#9744; &#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&thorn;</FONT> </FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Indicate
        by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) &#9744;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Indicate
        by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) &#9744;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 1in">.<B>&nbsp;</B></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>DOCUMENTS FILED AS PART OF THIS FORM 6-K</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">See the Exhibit Index hereto.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on
May 11, 2020.</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>NEXGEN ENERGY LTD.</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: 39%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: 6%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/s/
Rh&eacute;al Assi&eacute;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Rh&eacute;al Assi&eacute;, CA</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Interim
    Acting CFO</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3in; text-indent: -3in">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B><U>Exhibit</U></B></FONT></TD>
    <TD STYLE="width: 83%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B><U>Description</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><A HREF="ex991.htm">99.1</A></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><A HREF="ex991.htm">News
    Release dated May 11, 2020 - NexGen Announces US$30 Million Financing with Queen's Road Capital</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>NEWS RELEASE DATED MAY 11, 2020
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: left"><IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="margin: 0; text-align: left"></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&nbsp;</P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">NexGen Announces US$30 Million Financing
with Queen's Road Capital</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">VANCOUVER, May 11, 2020 /CNW/ -&nbsp;NexGen
Energy Ltd. (&quot;<B>NexGen</B>&quot; or the &quot;<B>Company</B>&quot;) (<B>TSX:NXE, NYSE MKT:NXE</B>) is pleased to announce
that it has entered into a binding agreement with Queen's Road Capital Investment Ltd. (&quot;<B>QRC</B>&quot;) <B>(TSXV: QRC)</B>
for a financing package totalling US$30 million, comprising:</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 39.95pt">(a)&nbsp; US$15 million of common shares
of NexGen (the &quot;<B>Placement Shares</B>&quot;); and</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 39.95pt">(b)&nbsp; US$15 million aggregate principal
amount of unsecured convertible debentures (the &quot;<B>Debentures</B>&quot;).</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The US$15 million private placement of Placement
Shares will result in the issuance of approximately 11.6 million&nbsp;Placement Shares at a price of C$1.80&nbsp;per Placement
Share, (equal to a 5% premium to the 20-day VWAP of the Company's common shares (the &quot;<B>Common Shares</B>&quot;)). The Debentures
will be convertible at the holder's option into approximately 8.9 million Common Shares (at current exchange rates, with actual
number of Common Shares to be issued dependent on exchange rate at time of conversion).</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Leigh Curyer, Chief Executive Officer of
NexGen, commented</B>, &quot;We welcome QRC as a new shareholder of NexGen. QRC is becoming a leading financier to the global resources
sector in portfolio companies incorporating elite standards of ESG. QRC complements NexGen's existing well respected shareholder
base of long term committed supporters of the Company. NexGen's commitment to deliver highly positive impacts to as many people
as possible covering economic, health, community and government through the optimal development of the Arrow Project, particularly
in these times, is reflective of its leading organizational culture. &quot;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Warren Gilman, Chairman and Chief Executive
Officer of Queen's Road Capital, commented</B>,&nbsp; &quot;I am excited to announce QRC's investment into NexGen. QRC seeks to
invest in world-class mineral resource assets in safe jurisdictions and the Arrow Project, as the world's largest to-be-developed
high-grade uranium deposit located in Saskatchewan, Canada, meets that criteria. I have been a director of NexGen since 2017 and
today's financing will ensure the Company continues to successfully advance the exciting Arrow Project towards production.&quot;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>The Terms of the Debentures</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Debentures will carry a 7.5% coupon (the
&quot;<B>Interest</B>&quot;) over a 5-year term. &nbsp;The Debentures will be convertible at the holder's option into Common Shares
at a conversion price (the &quot;<B>Conversion Price</B>&quot;) of C$2.34, equal to a 30% premium to the issue price of the Common
Shares.&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Two-thirds of the Interest (equal to 5% per
annum) is payable in cash. One-third of the Interest (equal to 2.5% per annum) is payable in Common Shares issuable at a price
equal to the 20-day VWAP on either the TSX or NYSE MKT (whichever has the greatest trading volume of Common Shares) ending on the
day prior to the date such interest payment is due.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Company will be entitled, on or after the
third anniversary of the date of the issuance of the Debentures, at any time that the 20-day VWAP on the TSX exceeds 130% of the
Conversion Price, to redeem the Debentures at par plus accrued and unpaid Interest.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Strategic Alignment Provisions</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In consideration for the investment in NexGen,
the Company and QRC will enter into an investor rights agreement (the &quot;Investor Rights Agreement&quot;) providing for similar
rights and obligations as were agreed to by investors in connection with the Company's most recent private placement financing.
Specifically, the Investor Rights Agreement will provide for voting alignment, standstill and transfer restriction covenants that
would apply for such time as QRC holds at least 5% of the Common Shares (on a partially diluted basis) or until there is a change
of control of the Company.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Use of Proceeds</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Proceeds from the financing will be used to
fund the continuing development of the Company's Rook 1 Project and for general corporate purposes.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Conditions</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The financing is subject to &nbsp;the satisfaction
of customary closing conditions, including but not limited to stock exchange approvals, the completion of definitive documentation,
there being no material adverse change in the business of the Company, or a major event of national or international consequence
that disrupts the financial markets or the business, operations or affairs of the Company.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Advisors</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">BMO Capital Markets and Fort Capital Partners
are acting as financial advisors and lead placement agents to NexGen.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>About Queen's Road Capital Investment Ltd.</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Queen's Road Capital Investment Ltd. is becoming
a leading financier to the global resource sector. The company is a resource-focused investment company, making investments in
privately held and publicly traded resource companies. The company acquires and holds securities for both long-term capital appreciation
and short-term gains, with a focus on convertible debt securities and resource projects in advanced development or production located
in safe jurisdictions.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>About NexGen</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">NexGen is a&nbsp;British Columbia&nbsp;corporation
with a focus on the acquisition, exploration and development of Canadian uranium projects. 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.&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">NexGen owns a portfolio of prospective uranium
exploration assets in the&nbsp;Athabasca&nbsp;Basin,&nbsp;Saskatchewan,&nbsp;Canada; including a 100% interest in Rook I, location
of the Arrow Deposit discovered in&nbsp;February 2014, the Bow discovery in&nbsp;March 2015, the Harpoon discovery in&nbsp;August
2016&nbsp;and the Arrow South discovery in&nbsp;July 2017. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the
2019 Environmental and Social Responsibility Award.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This news release shall not constitute an
offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended (the &quot;U.S. Securities Act&quot;), and such securities
may not be offered or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption
from the registration requirements thereunder.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Forward-Looking Information</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>The information contained herein contains
&quot;forward-looking statements&quot; within the meaning of the United States Private Securities Litigation Reform Act of 1995
and &quot;forward-looking information&quot; within the meaning of applicable Canadian securities legislation. &quot;Forward-looking
information&quot; includes, but is not limited to, statements with respect to the activities, events or developments that the Company
expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can
be identified by the use of words such as &quot;plans&quot;, &quot;expects&quot;, &quot;is expected&quot;, &quot;budget&quot;,
&quot;scheduled&quot;, &quot;estimates&quot;, &quot;forecasts&quot;, &quot;intends&quot;, &quot;anticipates&quot;, or &quot;believes&quot;
or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results &quot;may&quot;,
&quot;could&quot;, &quot;would&quot;, &quot;might&quot; or &quot;will be taken&quot;, &quot;occur&quot; or &quot;be achieved&quot;
or the negative connotation thereof. Forward looking information in this press release includes, but is not limited to, statements
regarding use of proceeds and expected closing timing. </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Forward-looking information and statements
are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry
and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including
among others, that the proposed financing transaction will be completed, the results of planned exploration activities are as anticipated,
the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable
terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned
exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions
will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information
or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions
will prove to be accurate.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Forward-looking information and statements
also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements
of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by
such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party
financing, uncertainty of the availability of additional financing, impact of the COVID-19 pandemic, including related to the length,
severity and spread of the pandemic and measures taken by governmental authorities and public health officials in respect of the
pandemic, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral
resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation
issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties,
uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes
in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's
Annual Information Form dated March 11, 2020 under &quot;Risk Factors&quot;.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in the forward-looking information
or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>There can be no assurance that forward-looking
information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required
by applicable securities laws. </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content:http://www.prnewswire.com/news-releases/nexgen-announces-us30-million-financing-with-queens-road-capital-301056490.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SOURCE NexGen Energy Ltd.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content: http://www.newswire.ca/en/releases/archive/May2020/11/c1893.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">%CIK: 0001698535</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0"><B>For further information: </B>Leigh Curyer, Chief Executive Officer,
NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Senior Vice President Corporate
Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca; Queen's Road Capital
Investment Ltd., 011 852 2759-2022, info@queensrdcapital.com, http://www.queensrdcapital.com</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CO: NexGen Energy Ltd.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CNW 06:30e 11-MAY-20</P>



<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P> </BODY> </HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  Y ),# 2(  A$! Q$!_\0
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EI5^\WU_I0F-E/^T&B_=FRNV*_+E8P0<>G-%74_U:_044AG__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
