NioBay Metals Inc. announced the latest results of the fall 2023 drilling campaign, on the Crevier niobium & tantalum project, of which the Company holds a 72.5% interest. The Crevier Project is located approximately 50 km north of the town of Girardville and approximately 150 km from the Niobec mine. It is located in the Nitassinan (or ancestral territory) of the Pekuakamiulnuatsh, whose main population center is Mashteuiatsh.

Updated results of the 2023 drilling program on the Crevier Project: The Company completed a drilling campaign at the end of September 2023. This eight-hole campaign (2,700 m, consisted of verifying the continuity of the mineralization in the northwest, southeast and at depth sectors of the main area. The latest results of this campaign were received and the company is taking the opportunity to highlight the important interceptions for the entire campaign.

In addition, the company has modified the hole identification numbers for the completed drill holes. The best intersections, using a cut-off of 0.2% (2000 ppm) of Nb2O5, have been presented, whereas a cut-off of 0.1% was used in the previous press release (January 8, 2024). This campaign allows to note the presence of tantalum mineralization in the northwest extension of the main zone and a higher concentration of niobium towards the southeast.

In addition, the last hole shows mineralization, leaving this area open.