NioBay Metals Inc. to provide an update on the upcoming drill program at its James Bay Niobium Project, in addition to announce the closing of a financing. EXPLORATION PROGRAM: Following the signature of a Protection Agreement with Moose Cree First Nation, NioBay announced that major contracts have been awarded and that the drilling campaign (the “Program”) will began on the first week of February 2020. The Program consists of seven drillholes (approximately 3,400 meters) and will test a high-grade zone laterally and at depth, will provide material for metallurgical testing, and will gather geotechnical information. The Program will last approximately six weeks, and assays results will be published as they become available. An updated resource estimate of the Project’s niobium deposit will follow, and subsequently, NioBay will begin a Preliminary Economic Assessment (“PEA”).