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NioBay commences its 2023 drilling campaign at the Crevier project

Exploration Programs

1

Press release

TSX-V: NBY & OTCQB: NBYCF

NioBay commences its 2023 drilling campaign at the Crevier project

Montréal, Québec, August 29th, 2023 – NioBay Metals inc. (“NioBay” or the “Company”) (TSX-V: NBY)

(OTCQB: NBYCF) is pleased to announce the start of a drilling campaign on the Crevier Property, which

is owned by Les Minéraux Crevier Inc, of which NioBay holds a 72.5% interest. The work will consist of

testing the continuity of the dyke by drilling a series of holes to the north-we st and south-east of the

known zone.

Two larger-diameter holes will also be drilled directly into the existing dyke to test for potential niobium

enrichment at depth. These holes will also be us ed to recover mineralisation in order to produce

concentrate. Samples of this concentrate will be se nt to various potential customers in the battery

sector.

Figure 1: Placement of proposed 2023 drill holes

2

The Crevier property is located about 50 km north of the town of Girardville and about 150 km from

the Niobec mine. The original Crevier site was discovered almost at the same time as the Niobec mine

site, in the mid-1970s. It is located in the Nitassina n (or ancestral territory) of the Pekuakamiulnuatsh,

whose main population centre is Mashteuiatsh. This property is easily accessible via existing logging

roads.

The drilling campaign will be carried out using a diamond drill. NioBay is pleased to announce that this

campaign will be carried out by First Nations Drillin g of Mashteuiatsh. Geolog ical supervision will be

carried out by IOS Services Géoscientifiques. IOS Services Géoscientifiques were involved in the

previous drilling campaigns at this site.

"We are delighted to be resuming work on the Cr evier site. This campaign will allow us to recover

mineralization for sampling and also to increase our knowledge of this mineralized dyke. Of particular

note is the end of hole 2022-07, which showed a higher Nb205 content than the surface of this dyke. This

provides us with an excellent opportunity to test the mineralogical potential of this dyke at depth. Also,

we’re delighted to be once again carrying out this work with local companies including First Nation

Drilling from Mashteuiatsh and IOS Services Géoscientifiques from Chicoutimi," said Jean-Sébastien

David, President and CEO.

Following the completion of studies that indicate positive metrics for this project, it would be dedicated

exclusively to the production of niobium oxide for battery manufacturers.

Update on the results of the 2022 drilling program on the Crevier Project

NioBay is taking advantage of the launch of its 2023 drilling campaign on Crevier to provide an update

on the results obtained during its 2022 campaign. A ttached are the intersecti ons that demonstrated

interesting intersections for different types of mineralisation.

Hole ID from to Length Nb205

**

Ta205

** Mn Sr Host rock

m m m ppm ppm ppm ppm

1532-22-01 36.10 38.10 2.00 1128.00 75.00 2340.00 Carbonated Biotite Syenite

1532-22-01 88.20 94.20 6.00 1051.67 224.67 390.00 896.67 Pegmatitic Nepheline Syenite

1532-22-01 99.20 103.20 4.00 1070.75 178.25 262.50 327.50 Pegmatitic Nepheline Syenite

1532-22-01 104.20 105.20 1.00 1061.00 134.00 290.00 460.00 Pegmatitic Nepheline Syenite

1532-22-01 117.95 122.35 4.40 2007.67 328.70 487.39 759.89 Pegmatitic Nepheline Syenite

1532-22-01 124.55 127.70 3.15 1737.67 233.33 513.33 866.67 Nepheline Syenite

1532-22-01 144.70 145.40 0.70 1793.00 786.00 1240.00 3390.00 Carbonated Biotite Syenite

1532-22-01 197.52 198.60 1.08 1476.00 72.00 730.00 1220.00 Carbonated Nepheline Syenite

1532-22-01 218.33 220.33 2.00 1183.00 53.00 1397.00 Pegmatitic Nepheline Syenite

1532-22-06 265.64 266.69 1.05 1326.00 414.00 870.00 2310.00 Carbonated Nepheline Syenite

1532-22-06 342.78 343.80 1.02 1728.00 335.00 1510.00 Carbonated Nepheline Syenite

1532-22-06 369.82 370.83 1.01 1035.00 276.00 1420.00 2780.00 Biotite Nepheline Syenite

1532-22-07 531.85 535.30 3.45 2731.48 421.64 538.99 736.81 Pegmatitic Nepheline Syenite

1532-22-09 98.71 99.45 0.74 1778.00 545.00 1950.00 6000.00 Carbonated Nepheline Syenite

1532-22-09 151.60 152.60 1.00 1048.00 14.00 1325.00 Biotite Nepheline Syenite

1532-22-09 330.60 333.75 3.15 1006.87 136.70 283.97 553.17 Carbonated Nepheline Syenite

1532-22-09 344.50 345.50 1.00 1025.00 156.00 410.00 1130.00 Nepheline Syenite

1532-22-09 407.50 408.50 1.00 1227.00 83.00 580.00 860.00 Amphibolitic Syenite

* Best intersection according to 0.1% (1000 ppm) Nb205 COG (cut-off grade) as established in last 43-101 technical report

** Nb205 and Ta205 are calculated oxide equivalent based on the Nb an Ta elements lab results

Uncapped composite

No minimum length

3

Maximum of 2 metre consecutive dilution

No maximum dilution

Missing intervals are sterilized with 0 ppm Nb205 assigned grades

Hole ID

from to Length Nb205 ** Ta205 ** Mn Sr

m m m ppm ppm ppm ppm

1532-22-01 9.55 49.55 40 482.38 35.56 2320.00 2564.69

1532-22-01 53 77.2 24.2 420.17 36.06 1395.23 2621.28

1532-22-01 107.2 117.95 10.75 433.80 67.09 840.00 2216.93

1532-22-01 122.35 123.05 0.7 557.00 86.00 2260.00

1532-22-01 127.7 228.33 100.63 405.27 46.93 1533.09 3220.58

1532-22-01 230.63 326.41 95.78 307.65 17.98 3783.45

1532-22-01 329.41 378.06 48.65 259.19 19.53 2645.42

1532-22-01 381.45 386.63 5.18 120.54 10.19 2910.06

1532-22-01 393.31 401.98 8.67 184.66 12.72 2424.58

1532-22-02 12 15 3 472.67 69.67 1530.00 3413.33

1532-22-02 23.85 29.2 5..35 135..21 9..35 1439..35 3288..22

1532-22-02 32..2 44 11..8 198..98 15..74 1062..87 2567..25

1532-22-02 47 48 1 215..00 22.00 990.00 2350.00

1532-22-02 50.5 51.18 0.68 72.00 5.00 760.00 2190.00

1532-22-02 75 77 2 165.50 24.00 1145.00 2680.00

1532-22-02 82 83 1 166.00 11.00 2250.00 3500.00

1532-22-02 86.95 90.68 3.73 75.80 7.17 2204.83 5879.36

1532-22-02 100.2 106.5 6.3 141.75 12.84 899.37 2359.21

1532-22-02 109 123.3 14.3 168.73 19.25 991.01 2510.90

1532-22-02 126 126.5 0.5 40.00 4.00 1450.00 3170.00

1532-22-02 130 131 1 93.00 10.00 1830.00 4210.00

1532-22-02 141.86 143.45 1.59 41.00 4.00 670.00 2230.00

1532-22-02 160.75 164.45 3.7 102.50 9.86 1042.70 3073.24

1532-22-02 167.85 169.8 1.95 207.67 21.64 1465.13 3437.18

1532-22-02 175.34 177.05 1.71 91.46 5.51 1078.54 3059.59

1532-22-02 186.23 187.51 1.28 91.00 12.00 760.00 2420.00

1532-22-02 188.88 189.95 1.07 52.00 4.00 770.00 2310.00

1532-22-02 191.32 192.15 0.83 101.00 7.00 590.00 2060.00

1532-22-02 216.97 222 5.03 141.40 10.39 1179.72 3192.35

1532-22-02 262.1 267.93 5.83 98.95 6.46 1347.07 3929.19

1532-22-02 272.28 273 0.72 31.00 3.00 3030.00 8280.00

1532-22-03 4.25 5.25 1 131.00 27.00 810.00 2210.00

1532-22-03 65.06 71 5.94 200.59 28.87 1777.24 4311.07

1532-22-03 87.12 88.89 1.77 150.99 40.75 1330.06 4035.48

1532-22-03 117.05 118.05 1 137.00 15.00 650.00 2100.00

1532-22-03 139.05 140.05 1 144.00 32.00 710.00 2240.00

1532-22-03 153.8 158.8 5 107.20 11.80 818.00 2758.00

1532-22-03 171.8 177.75 5.95 123.19 25.59 811.51 2550.92

1532-22-03 186.6 192.6 6 143.75 20.25 1282.50 3985.00

1532-22-03 197.6 201.6 4 101.75 9.75 625.00 2290.00

4

1532-22-03 205.6 207.6 2 133.50 9.00 760.00 2215.00

1532-22-03 208.6 214.6 6 109.67 14.67 736.67 2426.67

1532-22-03 218.6 221.6 3 126.00 12.67 776.67 2460.00

1532-22-04 21.8 23.47 1.67 151.17 17.82 1197.25 3202.63

1532-22-04 35.1 36.95 1.85 95.35 16.92 1477.57 4137.57

1532-22-04 42.85 45.35 2.5 112.20 18.80 712.00 2082.00

1532-22-04 51.67 55.41 3.74 83.23 8.95 741.55 2622.09

1532-22-04 62.5 65.5 3 166.67 47.00 1130.00 3073.33

1532-22-04 90.62 91.73 1.11 145.00 21.00 1660.00 4570.00

1532-22-04 100 103 3 223.67 59.67 973.33 3363.33

1532-22-04 107 107.5 0.5 200.00 37.00 1430.00 3880.00

1532-22-04 117.25 118.25 1 383.00 170.00 750.00 2400.00

1532-22-04 154 158 4 200.00 21.00 1692.50 3702.50

1532-22-04 183.25 184.25 1 102.00 35.00 620.00 2190.00

1532-22-04 191.16 192.3 1.14 179.00 60.00 780.00 2850.00

1532-22-04 202.6 203.6 1 122.00 18.00 980.00 3440.00

1532-22-04 263 266.5 3.5 146.57 23.00 1257.14 3375.71

1532-22-04 291.5 292 0.5 367.00 80.00 900.00 2100.00

1532-22-04 294.65 297 2.35 512.04 119.81 939.15 2006.38

1532-22-04 300.95 303 2.05 368.00 96.68 1249.02 3890.00

1532-22-04 309.82 310.82 1 112.00 11.00 1190.00 4030.00

1532-22-04 321.35 326 4.65 135.41 13.53 926.99 2848.60

1532-22-04 341 342 1 121.00 11.00 1070.00 3120.00

1532-22-04 358.25 358.75 0.5 171.00 53.00 1360.00 3480.00

1532-22-04 370.75 371.75 1 151.00 10.00 810.00 2280.00

1532-22-04 378.15 379.65 1.5 126.00 15.33 803.33 2640.00

1532-22-04 385.45 387.5 2.05 121.61 10.00 745.12 2345.61

1532-22-04 391.55 393 1.45 101.78 9.13 1208.34 4222.83

1532-22-05 13.85 21.85 8 146.39 13.84 2260.94 6375.38

1532-22-05 29.4 34.65 5.25 141.10 15.14 1136.48 2737.81

1532-22-05 37.9 40.7 2.8 148.07 14.30 1005.89 2563.57

1532-22-05 48.95 56.95 8 228.91 51.03 879.15 2536.03

1532-22-05 59.71 61.4 1.69 115.63 21.05 1260.12 3727.28

1532-22-05 72.8 78.16 5.36 163.52 12.71 1631.57 4410.82

1532-22-05 80.28 82 1.72 248.93 16.05 1643.31 2925.99

1532-22-05 89.25 91.75 2.5 199.00 20.93 1536.32 3915.84

1532-22-05 97.12 103.4 6.28 139.59 28.72 1284.04 4047.17

1532-22-05 119 123.15 4.15 195.19 29.07 929.76 2724.60

1532-22-05 125.5 127.83 2.33 179.43 41.88 737.81 2252.49

1532-22-05 136.14 143.73 7.59 180.03 37.56 933.53 2355.94

1532-22-05 160.7 161.5 0.8 200.00 64.00 2580.00 4650.00

1532-22-05 185.1 186.2 1.1 79.00 8.00 1260.00 3820.00

1532-22-05 197.35 198.85 1.5 264.00 72.00 1470.00 3520.00

1532-22-05 202.75 204 1.25 269.00 62.00 1010.00 2760.00

1532-22-05 207.85 216.15 8.3 167.66 31.09 1158.55 3480.60

5

1532-22-05 219 220.05 1.05 181.00 42.00 1110.00 2320.00

1532-22-06 34 36 2 275.00 23.00 2270.00 4690.00

1532-22-06 109 117 8 334.75 65.00 1641.25 3495.00

1532-22-06 122.82 124.85 2.03 71.70 14.70 2132.86 4871.72

1532-22-06 139.64 149.31 9.67 385.53 59.70 1224.47 2267.82

1532-22-06 153.31 154.31 1 446.00 88.00 820.00 2090.00

1532-22-06 166.52 167.52 1 202.00 54.00 2720.00

1532-22-06 194.35 195.35 1 197.00 32.00 2110.00

1532-22-06 207.11 207.85 0.74 330.00 40.00 2030.00

1532-22-06 208.58 211.27 2.69 442.22 116.22 886.65 2107.96

1532-22-06 213.69 214.69 1 108.00 25.00 2100.00

1532-22-06 220.35 221.35 1 946.00 195.00 840.00 2000.00

1532-22-06 235.06 236.06 1 195.00 34.00 3810.00

1532-22-06 239.31 240.23 0.92 156.00 20.00 6400.00

1532-22-06 248.95 249.96 1.01 162.00 9.00 2360.00

1532-22-06 262.89 267.7 4.81 485.61 139.40 1034.32 3638.07

1532-22-06 322.93 323.93 1 176.00 17.00 2310.00

1532-22-06 325.35 326.34 0.99 372.00 77.00 2760.00

1532-22-06 332.87 333.87 1 192.00 15.00 2170.00

1532-22-06 341.63 344.81 3.18 957.78 168.26 2260.00 3241.13

1532-22-06 354.83 356.23 1.4 289.00 64.69 2039.14

1532-22-06 358.24 359 0.76 418.00 98.00 1020.00 2260.00

1532-22-06 369.82 370.83 1.01 1035.00 276.00 1420.00 2780.00

1532-22-06 391.93 392.43 0.5 481.00 98.00 6790.00

1532-22-06 426.18 426.97 0.79 260.00 33.00 1220.00 2460.00

1532-22-06 437.82 438.62 0.8 603.00 98.00 2070.00 5450.00

1532-22-07 24 26.8 2.8 121.86 14.86 863.21 2543.21

1532-22-07 71.5 93.65 22.15 292.72 17.04 1718.71 3411.29

1532-22-07 101.25 111.9 10.65 240.73 14.91 1758.22 4375.92

1532-22-07 119.3 121.1 1.8 316.00 22.33 1838.89 4097.78

1532-22-07 123.11 129.55 6.44 254.05 19.47 1887.04 4651.44

1532-22-07 134.33 135.35 1.02 351.00 22.00 1610.00 2010.00

1532-22-07 138.25 144 5.75 282.68 19.98 1509.57 3303.83

1532-22-07 154.95 158.68 3.73 135.93 8.92 1516.01 4765.74

1532-22-07 168.62 174.6 5.98 98.54 16.08 1067.79 3356.07

1532-22-07 216.92 221.16 4.24 87.20 11.73 1481.79 5328.58

1532-22-07 228.8 229.65 0.85 108.00 29.00 1240.00 2470.00

1532-22-07 241.93 246.3 4.37 118.68 14.27 935.26 2806.77

1532-22-07 253.65 254.65 1 246.00 22.00 990.00 2020.00

1532-22-07 255.6 256.6 1 282.00 28.00 1220.00 2170.00

1532-22-07 265.95 271.65 5.7 188.32 38.47 1506.58 3309.12

1532-22-07 278.35 288 9.65 161.26 14.76 1180.86 3170.37

1532-22-07 307 309 2 229.50 36.00 1395.00 3525.00

1532-22-07 317 326.7 9.7 161.43 12.08 940.45 2863.78

1532-22-07 329.8 332.95 3.15 113.24 11.37 1036.06 3504.57

6

1532-22-07 361.39 363.4 2.01 193.31 30.15 835.82 2097.61

1532-22-07 366 372 6 184.84 18.36 967.91 2471.38

1532-22-07 379.2 380.2 1 210.00 12.00 1480.00 3770.00

1532-22-07 384.5 386.63 2.13 316.03 94.08 848.12 2153.85

1532-22-07 396.5 397.55 1.05 392.00 42.00 1260.00 2110.00

1532-22-07 422.93 424.11 1.18 133.00 32.00 780.00 2140.00

1532-22-07 433.23 437.73 4.5 216.17 26.09 1041.73 2140.93

1532-22-07 451.6 453.74 2.14 95.93 8.40 978.13 3723.27

1532-22-07 469.5 484.25 14.75 201.01 20.76 1005.72 2717.86

1532-22-07 490.35 496.6 6.25 223.22 16.21 1352.07 3750.00

1532-22-07 535.3 536.95 1.65 330.61 46.94 1707.27 3190.30

1532-22-07 542.2 551.1 8.9 203.87 20.85 1165.11 2504.49

1532-22-07 554.4 558.52 4.12 145.48 29.03 873.01 2305.90

1532-22-08 60 61.5 1.5 38.00 3.00 2950.00 9210.00

1532-22-08 79.1 81.35 2.25 133.00 10.44 2987.78 7891.11

1532-22-08 99.4 100.4 1 40.00 3.00 3070.00 8370.00

1532-22-08 123.05 124.05 1 243.00 14.00 1080.00 2290.00

1532-22-08 134.4 136.32 1.92 131.58 11.28 1479.79 3398.75

1532-22-08 149 153.3 4.3 284.23 16.95 1327.56 2330.93

1532-22-08 160.1 162.2 2.1 98.19 8.52 1231.43 3046.67

1532-22-08 176.15 178.05 1.9 241.74 18.68 1026.84 2204.21

1532-22-08 201.45 202.15 0.7 3.00 1.00 2790.00 8510.00

1532-22-08 206.65 208.56 1.91 102.11 7.61 839.95 2292.72

1532-22-08 209.4 210.4 1 156.00 32.00 1060.00 2920.00

1532-22-08 225.8 226.92 1.12 94.00 12.00 780.00 2560.00

1532-22-08 229.55 230.1 0.55 44.00 4.00 3140.00 7160.00

1532-22-08 236 239 3 66.33 6.00 626.67 2126.67

1532-22-08 252.25 255.9 3.65 157.97 12.74 1350.68 3934.52

1532-22-08 259.25 259.98 0.73 310.00 25.00 1050.00 2380.00

1532-22-08 271.05 273.5 2.45 328.00 29.57 890.00 2527.14

1532-22-08 283 284 1 487.00 47.00 600.00 2110.00

1532-22-08 297.1 301.1 4 32.00 6.00 3140.00 8145.00

1532-22-08 307.36 308.5 1.14 282.00 32.00 1090.00 3160.00

1532-22-08 313.5 314.5 1 200.00 21.00 960.00 2280.00

1532-22-08 320.25 320.9 0.65 259.00 20.00 990.00 2210.00

1532-22-08 323.8 324.6 0.8 400.00 28.00 520.00 2190.00

1532-22-08 325.55 327 1.45 121.00 16.00 720.00 2030.00

1532-22-08 331.93 333.25 1.32 129.00 15.00 720.00 2470.00

1532-22-08 348.6 349.6 1 180.00 33.00 1610.00 4480.00

1532-22-08 357.5 358.5 1 163.00 18.00 730.00 2200.00

1532-22-08 362.5 363.5 1 248.00 31.00 1040.00 2480.00

1532-22-08 385.5 386.5 1 228.00 29.00 930.00 2070.00

1532-22-08 410.63 411.55 0.92 323.00 22.00 2470.00 2060.00

1532-22-08 420.5 422.5 2 107.00 8.00 655.00 2210.00

1532-22-08 444.3 446.3 2 100.00 19.00 420.00 2130.00

7

1532-22-08 451 452 1 222.00 32.00 550.00 2080.00

1532-22-08 481.15 482.37 1.22 130.00 15.00 620.00 2200.00

1532-22-08 486.3 487.4 1.1 198.00 19.00 890.00 2130.00

1532-22-09 20.32 21.82 1.5 312.25 52.79 2721.47

1532-22-09 51.97 53.51 1.54 211.91 34.36 1344.55 3325.45

1532-22-09 57.65 58.66 1.01 314.00 35.00 2460.00

1532-22-09 78.41 79.38 0.97 226.00 44.00 2320.00 6670.00

1532-22-09 85.86 86.86 1 248.00 58.00 2070.00

1532-22-09 93.8 94.8 1 609.00 205.00 2560.00

1532-22-09 98.71 99.45 0.74 1778.00 545.00 1950.00 6000.00

1532-22-09 104.54 105.3 0.76 73.00 14.00 2420.00

1532-22-09 113 114 1 274.00 40.00 2100.00

1532-22-09 118.1 125.48 7.38 403.14 68.40 728.26 2295.77

1532-22-09 129.15 135.15 6 262.00 55.67 1030.00 2885.00

1532-22-09 142.4 147.6 5.2 173.87 46.23 1355.63 3915.02

1532-22-09 150.6 157.6 7 460.86 51.57 2393.57

1532-22-09 163.6 164.6 1 288.00 21.00 3170.00

1532-22-09 166.5 167.5 1 353.00 45.00 890.00 2020.00

1532-22-09 220.5 221.5 1 255.00 44.00 560.00 2290.00

1532-22-09 229 235 6 217.00 43.00 1006.00 2722.00

1532-22-09 320.5 321.5 1 98.00 25.00 750.00 2340.00

1532-22-09 324.8 325.8 1 21.00 4.00 730.00 2430.00

1532-22-09 327.88 329.64 1.76 164.81 25.48 935.57 2578.75

1532-22-09 351.5 352.5 1 113.00 18.00 1590.00 2630.00

1532-22-09 365.8 366.45 0.65 147.00 11.00 1520.00 2280.00

1532-22-09 372.41 373.4 0.99 328.00 46.00 840.00 2370.00

1532-22-09 419.56 422.43 2.87 69.46 12.31 2245.96 6627.98

1532-22-09 455.97 457.44 1.47 194.00 23.00 1170.00 3910.00

1532-22-10 15 15.95 0.95 112.00 23.00 840.00 2410.00

1532-22-10 43.05 44.05 1 210.00 48.00 770.00 2170.00

1532-22-10 58.37 59.04 0.67 364.00 25.00 1520.00 2390.00

1532-22-10 68 69 1 148.00 31.00 1140.00 2450.00

1532-22-10 129.68 130.28 0.6 263.00 37.00 500.00 2420.00

1532-22-10 161.9 164.15 2.25 253.31 50.37 1358.44 2934.89

1532-22-10 169.88 170.88 1 445.00 97.00 1360.00 3210.00

1532-22-10 193.9 194.37 0.47 89.00 19.00 1050.00 2310.00

1532-22-10 196.07 199 2.93 62.08 9.66 749.04 2288.26

1532-22-10 212 212.85 0.85 99.00 21.00 770.00 2240.00

1532-22-10 223.5 225 1.5 174.00 40.00 1190.00 3050.00

1532-22-10 288.8 291.8 3 322.33 76.00 1840.00 4860.00

1532-22-10 297.87 298.9 1.03 154.00 26.00 1020.00 2420.00

* Best intersection according to 0.2% (2000 ppm) Sr COG (cut-off grade)

** Nb205 and Ta205 are calculated oxide equivalent based on the Nb an Ta elements lab results

Uncapped composite

No minimum length

Maximum of 2 metre consecutive dilution

8

No maximum dilution

Missing intervals are sterilized with 0 ppm Sr assigned grades

Qualified person

This press release has been reviewed and approved by Jean-Sébastien David, P.Geo., a qualified person

under National Instrument 43-101. Mr. David is President of NioBay Metals Inc.

About NioBay Metals Inc.

NioBay wishes to become a leader in the Environment, Social, Governance and Indigenous inclusion supporting

the development of mine(s) with low carbon consum ption and responsible water and wildlife management

practices. Critical to our success will be the consent and full participation of the Indigenous communities in

whose territories we operate.

The Company holds, in addition to others, a 100% interest in the James Bay Niobium Project located 45 km south

of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. NioBay also holds a

72.5% interest in the Crevier Niobium and Tantalum 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 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 more efficient and lowers environmental impacts, while also

delivering other benefits such as better performance, improved safety and increased value.

Cautionary Statement

Certain statements contained in this press release cons titute forward-looking information under the provisions

of Canadian securities laws including statements abou t the Company's plans. Such statements are necessarily

based upon a number of beliefs, assumptions, and opinions of management on the date the statements 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 Exchange) accept responsibility for the adequacy or accuracy of this release.

FOR MORE INFORMATION, CONTACT:

NioBay Metals Inc.

Jean-Sebastien David, geo.

President & Chief Executive Officer

Tel.: 514 866-6500

[email protected]

www.niobaymetals.com

Kimberly Darlington

Investor Relations

[email protected]

514-771-3398