Moose Cree First Nation and NioBay Metals Announce Renewal of the Protection Agreement
Press release
TSX-V: NBY
Moose Cree First Nation and NioBay Metals Announce Renewal of the
Protection Agreement
Montreal, February 1, 2021 – Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased
to announce that Moose Cree First Nation ( “MCFN”) has signed an updated Protection Agreement
(“PA”) in support of the 2021 exploration program. The PA sets out a framework for effective
communication, information exchange, environmental protection and the inclusion of MCFN
businesses in the exploration program.
“The PA reflects the mutual interests of NioBay and Moose Cree to work in partnership with the
exploration program and continue to build a relationship that could then see a mine built with MCFN
consent,” said Claude Dufresne, NioBay President and CEO.
“Respect for Moose Cree’s A boriginal and treaty rights is at the core of the Protection Agreement.
NioBay has acknowledged our community’s rights and decision-making role. This forms the basis of a
positive working relationship between Moose Cree First Nation and NioBay,” said MCFN Chief Mervin
Cheechoo.
Exploration Program
On January 8, 2021 the Company received and exploration permit valid for three years, from
the Ministry of Energy Northern Development and Mines to drill up to 20,000 metres or
approximately 20-30 drill holes.
A first objective is to achieve an infill drilling pattern that will allow the Company to upgrade
the majority of the inferred resources category into the indicated resource category.
A second objective of this campaign is to test the high-grade zone extending and raking to the
north.
The Company will commence drilling in early February.
Qualified Person
This press release was verified and approved by Claude Dufre sne, P.Eng and Qualified Person as
defined by National Instrument 43-101. Mr Dufresne is the President and CEO of NioBay.
ABOUT NIOBAY METALS INC.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium
Project located 45 km south of Moosonee, in the James Bay Lowlands in Ontario. NioBay also holds a
72.5% interest in the Crevier niobium and tantalum project located in Quebec and a 47% direct
participation in mineral titles situated in the Chibougamau region, Quebec, under a joint venture
agreement with SOQUEM.
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CAUTIONARY STATEMENT
Certain statements contained in this press release constit ute forward-looking information under the
provisions of Canadian securities laws including statements about the Company’s plans. Such
statements are necessarily based upon a number of beliefs, assumptions, and opinions of
management on the date the stateme nts are made and are subject to numerous risks and
uncertainties that could cause actual results and future events to differ materially from those
anticipated or projected. The Company undertakes no obligation to update these forward -looking
statements in the event that management's beliefs, estimates or opinions, or other factors should
change, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Excha nge) accept responsibility for the adequacy or accuracy of this
release.
FOR MORE INFORMATION, CONTACT:
NioBay Metals Inc.
Claude Dufresne, P.Eng.
President & CEO
Tel.: 514 866-6500
Email: [email protected]
www.niobaymetals.com
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408