NioBay Metals Inc. is a company focused on the exploration, development and use of critical green metals. Following the high volume traded on October 17, 2022, NioBay would like to confirm that the activities on its exploration properties are normal and that the Company has no exceptional activities or situations to disclose. The Company is currently conducting a drill program using the services of First Nations Drilling of Mashteuiash on its Crevier property in Quebec, following the discovery of showings during advanced prospecting work in June and July 2022 on the Crevier extension.

Seven holes for 2,400m have been drilled since September 14th, 2022; however, no assay results are available at this time. NioBay expects to receive the results of the first holes by the end of November 2022. As for the James Bay Niobium Project, the situation remains unchanged.

As previously stated publicly, the Company will return to the site when it deems that it has the acceptance of the stakeholders.