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NIO.V ·

Niocan Announces Effective Date FOR NAME Change to NIO Strategic Metals Inc

Corporate Actions

For Immediate Release TSX-V - NIO

NIOCAN ANNOUNCES EFFECTIVE DATE FOR NAME CHANGE

TO NIO STRATEGIC METALS INC

(Montreal, Quebec, June 13, 2022) – Niocan Inc. (TSX-V: NIO) (OTC:NIOCF) (“Niocan” or the

“Company”) is pleased to announce that the TSX Venture Exchange (the “ TSX-V”) has

conditionally approved the change of name of the Co mpany to Nio Strategic Metals Inc. The

name change was approved by Niocan’s shareholders at the annual and special meeting held

on May 6, 2022 (see press release dated May 9, 2022). The Corporation expects the name

change to become effective at the opening of markets on Wednesday, June 1 5, 2022. The

Corporation will continue trade under the symbol “NIO” on the TSX-V.

The new CUSIP number for the Company’s common shares will be 65445T102, and the new ISIN

number is CA65445T1021. There is no change in the share capital of the Co mpany, and

shareholders are not required to exchange their existing share certificates for new certificates.

About Niocan

Niocan is an exploration and development company, with a focus on becoming a ferroniobium

producer. The Company holds a niobium property in Oka, Québec and other exploration

properties in the Province of Québec. Niocan’s Oka mining property consist s of mining rights

comprised of 49 claims covering 2,281 acres and its Great Whale property consists of surface and

mining rights covering 24,944 acres on the Hudson Bay territory.

For more information on the Company, please refer to the Company’s public documents available

on SEDAR (www.sedar.com) or on the Company’s website (www.niocan.com).

For more information, please contact:

Hubert Marleau

Chairman, President and Chief Executive Officer

[email protected]

514-560-7623

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 press release.

Cautionary Statement on Forward-Looking Information

This news release contains forward -looking statements and forward-looking information

(together, “forward looking statements”) within the meaning of applicable Canadian securities

laws. Statements, other than statements of historical facts, may be forward-looking statements.

Generally, forward-looking statements can be identified by the use of terminology such as “plans”,

“expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or

statements that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”,

“occur” or “be achieved”, the negative of these terms and similar terminology although not all

forward-looking statement contains these terms and phrases. Forward-looking statements involve

risks, uncertainties and other factors that could cause actual results, performance, prospects and

opportunities to differ materially from those expressed or implied by such forward -looking

statements. These risks and uncertainties include, but are not limited to, the risk factors set out in

Niocan’s annual and/or quarterly management discussion and analysis and in other of its public

disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the

foregoing. Although Niocan believes that the assumptions and factors used in preparing the

forward-looking statements ar e reasonable, undue reliance should not be placed on these

statements, which only apply as of the date of this news release, and no assurance can be given

that such events will occur in the disclosed time frame or at all. Except where required by

applicable law, Niocan disclaims any intention or obligation to update or revise any forward-

looking statement, whether as a result of new information, future events or otherwise.