NioBay Metals Inc. announced that, in accordance with the requirements of the TSX Venture Exchange and further to its news release dated February 7, 2024 (ent entitled "NioBay Metals signs option agreement to acquire high-potential titanium and phosphate properties"), the Company has executed an option agreement (the "Option Agreement") to acquire an 80% undivided interest in Vior Inc.'s Foothills Project. In accordance with the Option Agreement, NioBay Metals has made the initial $40,000 cash payment and issued 1,250,000 common shares of the Company (the "Common Shares"). The Common Shares issued pursuant to the Option Agreement are subject to a four-month hold period under applicable securities laws.