Niobay Confirms Receipt of an Exploration Permit FOR Its James BAY Niobium Project
News Release
TSX-V: NBY & OTCQB : NBYCF
NIOBAY CONFIRMS RECEIPT OF AN EXPLORATION PERMIT FOR ITS
JAMES BAY NIOBIUM PROJECT
Montreal, Quebec, October 9, 2025 – NioBay Metals Inc. ( “NioBay” or the “Company”) (TSX-V: NBY)
(OTCQB: NBYCF) confirms receipt of a notice from the Ontario government. This notice announced the
granting of a new exploration permit for the James Bay N iobium Project located 42 km south of the
town of Moosonee, Ontario. It should be noted that NioBay also holds a mining lease which is valid until
October 2028.
Permits and Work
This permit is valid for three years and will allow for the resumption and completion of the drilling
campaign that was suspended at the request of the Moose Cree First Nation ( “MCFN”) on March 17,
2022. The new exploration campaign addresses the community's concerns about water management
by modifying the drilling pattern to move away from South Bluff Creek. This permit will require a
helicopter-borne campaign and strict water and drilling mud management. These requirements were
met by the Company during the last drilling campaign.
Land Acknowledgement
NioBay’s Board of Directors acknowledges that the James Bay Niobium Project is part of Treaty 9 and
constitutes the core territory of the Moose Cree First Nation. We respect the Indigenous rights and
interests of Moose Cree and the Treaty 9 Indigenous communities.
Message from the President and Chief Executive Officer of NioBay Metals on Crevier
“The geopolitical context has changed significantly over the past two years regarding critical and
strategic minerals; we consider that this permit was granted with this in mind, which is to be able to
count on Canadian metals to supply our supply chains in the country. We acknowledge this permit, but
we do not intend to conduct the next exploration program without the contribution of members of the
local community. Our modus operandi will be the same as for our various projects elsewhere in Canada,
namely to involve the local community in the planning and execution of the work. It is a priority for the
Company to work with the MCFN to advance this exploration work ,” said Jean -Sébastien David,
geologist, President and CEO of NioBay.
Qualified Person
This press release has been reviewed and approved by Jean-Sébastien David, P.Geo., a Qualified Person
as defined by National Instrument 43-101. Mr. David is President and Chief Executive Officer of NioBay.
About NioBay Metals Inc.
NioBay aims to become a leader in the development of low -carbon mines and responsible water and
wildlife management practices, while prioritizing the environment, social responsibility, good
governance and the inclusion of all stakeholders. The top priority, which is critical to this success, is the
consent and full participation of Indigenous communities in the territories or ancestral lands on which
the Corporation operates. The Company holds, among other things, a 100% interest in the James Bay
Niobium project located 45 km south of Moosonee in the James Bay Lowlands of Ontario. NioBay also
holds a 72.5% interest in the Crevier niobium and tantalum project located in Quebec on the Nitassinan
territory of the Pekuakamiulnuatsh First Nation.
About Niobium
Niobium is an element of natural origin. It is a ductile, malleable metal that is highly resistant to
corrosion. Because it enhances properties and functionality, niobium is used in a wide range of
materials and applications in the mobility, structural, an d energy sectors. Niobium transforms
materials. When added to materials such as steel, glass, and aluminum castings, niobium makes them
more efficient and reduces their impact on the environment, while providing other benefits like better
performance, increased safety, and greater value.
Cautionary statement
Certain statements contained in this press release constitute forward- looking information within the
meaning of the provisions of Canadian securities laws, including statements about the Company's plans.
These statements are necessarily based on a number o f beliefs, assumptions and opinions of
management as of the date they 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 are expected to 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) accepts responsibility for the adequacy or accuracy of this release.
FOR MORE INFORMATION, CONTACT:
NioBay Metals Inc.
Jean-Sébastien David, P.Geo. MGP
President and Chief Executive Officer
www.niobaymetals.com
Kimberly Darlington
Investor Relations
514-771-3398