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NBY.V ·

NioBay announces Corporate Update

Corporate Updates

Press release

TSX-V: NBY OTCQB:NBYCF

NioBay announces Corporate Update

Montreal, Quebec, October 24, 2022 – NioBay Metals Inc. ( “NioBay” or the “ Corporation”)

(TSX-V: NBY) (OTCQB: NBYCF), a company focused on the exploration, development and use

of critical green metals , announces that effective October 23, 2022, Mr. Jacquelin Gauthier

will cease to act as Vice President, Geology of the Corporation.

About NioBay Metals Inc.

NioBay is a company focused on exploration, development and use of critical green metals

with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus.

The Company holds a 100% interest in the James Bay Niobium Project located 45 k ilometers

south of Moosonee, in the MCFN Traditional Territory of the James Bay Lowlands in Ontario.

NioBay also holds a 72.5% interest in the Crevier N iobium and T antalum Project located in

Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation.

About Niobium

Niobium is a naturally occurring element. It is a readily available, reliable, soft metal that is

ductile, malleable, and highly resistant to corrosion. Because it enhances properties and

functionalities, niobium is used in a wide range of materials and applications in the Mobility,

Structural and Energy sectors. Niobium transforms materials. When added to materials like

steel, glass and aluminum castings, niobium makes them smarter and lower environmental

impacts, while also delivering other benefits like better performance, improved safety, and

increased value.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy

of this release.

NioBay Metals Inc.

Jean-Sebastien David, geo.

President & CEO

Tel.: 514 866-6500

[email protected]

www.niobaymetals.com