NBY.V · 2019-06-06 12:00:00

Niobay Metals Announces Results of Annual Shareholders Meeting

Shareholder Meetings

Press release

TSX-V: NBY

Montreal, June 6, 2019. Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) announces the

results of its annual meeting (“AGM”) of shareholders held on June 5, 2019. Shareholders holding a

total of 19,699,124 common shares of the Company attended the AGM in person or were represented

by proxy, representing over 43% of the 45,690,111 common shares issued and outstanding.

Jacques Bonneau, Jean-Sébastien David, Claude Dufresne, Dawn Madahbee Leach, Raymond Legault

and Serge Savard were re -elected to the boar d of directors. The shareholders also re -appointed

PricewaterhouseCoopers, LLP as auditors for the ensuing financial year and re -approved the

Company’s rolling stock option plan.

Grant of stock options

Following the AGM, the Company has approved the grant of an aggregate of 630,000 incentive stock

options to directors, officers, employees and consultants of the Company at an exercise price of $0.18

per share. All of the stock options will be vesting over a period of two years and, if not exercised, will

expire five years from the date of the grant. The stock options have been granted pursuant to the

Company’s Stock Option Plan and are subject to applicable securities laws and TSX Venture Exchange

policies.

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 49% direct

participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint

venture agreement with SOQUEM.

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:

Claude Dufresne, P.Eng.

President & CEO

NioBay Metals Inc.

Tel.: 514-866-6500, Ext. 2221

Website: www.niobaymetals.com