Mr. Jean-Sebastien David reports

NIOBAY OPENS THE DOORS TO THE CREVIER PROJECT FOR ELECTED OFFICIALS OF THE MARIA-CHAPDELAINE RCM

On Monday, Aug. 31, Niobay Metals Inc. welcomed representatives from the municipalities that make up the Maria-Chapdelaine RCM. Indeed, the mayors of the municipalities of Girardville, Saint-Thomas-Didyme, Normandin, Peribonka, Sainte-Jeanne-d'Arc, Saint-Eugene-d'Argentenay and Saint-Stanislas were present for the visit.

Also joining the group were the prefect of the Maria-Chapdelaine RCM, Jean Morency, members of the RCM's senior management team and economic development advisers, as well as a municipal councillor from the City of Dolbeau-Mistassini.

This visit provided elected officials with an update on the Crevier project, as well as an overview of current niobium and tantalum market conditions. Participants also toured the facilities and equipment, in addition to meeting with the teams involved in the continuing exploration campaign. The day concluded with discussions regarding the Crevier project's coming milestones and next steps.

Message from Niobay's president and chief executive officer on Crevier

"We were very proud to welcome the mayors of the Maria-Chapdelaine RCM during this open house event focused on our activities. Their strong participation demonstrates the interest and curiosity that local elected officials have in our project. The Crevier project, focused on critical and strategic minerals, represents an excellent opportunity for economic diversification in the Upper Lac-Saint-Jean region, provided it successfully advances through the various stages required to develop a mining project."

Message from the prefect of the Maria-Chapdelaine RCM regarding the visit to the Crevier project

"Mining development is a topic of interest for the RCM council due to its potential for economic diversification. Our visit to the Crevier project allowed us to observe the company's rigorous approach to developing the site, both through its commitment to maximizing local economic benefits and minimizing environmental impacts."

About Niobay Metals Inc.

Niobay aims to become a leader in the development of mines with low-carbon consumption and responsible water and wildlife management practices while prioritizing the environment, social responsibility, good governance and the inclusion of all stakeholders. Its top priority, which is critical to its success, is the consent and full participation of the indigenous communities in whose territories and/or on ancestral lands it operates.

In addition to other properties, Niobay holds a 100-per-cent interest in the James Bay niobium project located 45 kilometres south of Moosonee, in the Moose Cree Traditional Territory of the James Bay lowlands in Ontario. Niobay also holds an 80.2-per-cent interest in the Crevier niobium and tantalum project located in Quebec and on the Nitassinan (ancestral territory) of the Pekuakamiulnuatsh First Nation.