1 CORPORATE PRESENTATION JANUARY 2017 Developing one of the most critical metal TSX-V: NBY 1
2 Forward Looking Statements This presentation contains certain forward-looking statements under the provisions of Canadian securities laws, as well as historical information. Forward-looking statements include, but is not limited to, statements relating to the Company's strategy, goals and objectives for its James Bay Project, targets and timetable for the exploration and development of the James Bay Niobium project, resource estimates, costs estimates, the potential demand and supply of niobium, and the price of niobium. Forward looking statements express, as of the date of this presentation, the Company s plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks, uncertainties and other factors beyond the Company s ability to control or predict, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks, uncertainties and other factors that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of metals, changes or delays in mining development and exploration plans, the timing of receipt of necessary permits or regulatory approvals for the Company s exploration projects and other operations, uncertainty related to historical estimate of resources, uncertainty involved in interpreting geological data and future exploration results, environmental risks and hazards, uncertainty as to calculation of mineral resources, requirement of additional financing or additional permits, authorizations or licenses, risks of delays in construction and production and other risks referred to in the Company s Annual Information Form. The Company does not assume any obligation, to update these forward-looking statements and information, except as required by law. Claude Dufresne, P. Eng, acted as the qualified person as defined in National Instrument He reviewed and approved the technical and scientific content of this presentation. Mr. Dufresne is the President and CEO of the Company. 2
3 Company Profile Listed on the TSX-V: NBY Developing one of the most critical metal: Niobium Owns 100% of the James Bay Niobium Project located in Ontario STOCK INFORMATION DIRECTORS & MANAGEMENT Symbol NBY Serge Savard Chairman of the board Exchange TSX-V Claude Dufresne President & CEO Market Cap $29 M Alain Krushnisky CFO Shares outstanding 32.7 M Jean-Sébastien David Director 52-week high $ week low $0.05 Raymond Legault Jacques Bonneau Director Director Cash (Dec 31, 2016) $2.3 M Jean Rainville Director Carole Plante Corporate Secretary Updated January 25,
4 Billions of people Population is on the Rise For the first time in history, half of the world s population is living in cities Population to reach 9 billions by Urban Rural Source: UN World Urbanization Prospects 4
5 Urbanization is Changing the World By 2050, two-thirds of the global population will live in urban areas Source: UN World Urbanization Prospects 5
6 Steel is at the Core of Urbanization Steel is the material of choice for modern development Strong Ductile Durable 100% Recyclable Cost Effective Safe 6
7 Niobium an Undeniable Ally for Steel By adding it in steelmaking process Niobium improves steel properties Stronger Tougher Lighter More flexible Easier to weld Reduces GHG emissions 7
8 Niobium is Everywhere Automotive (structure, body) Bridges (beams, rods) High-rise buildings O&G Pipelines Aerospace (jet engine, rivets) Stainless steel (Exhaust) Tools Medical (MR, implants) Electronics (semiconductors) Jewelry 8
9 Niobium a green metal $10 of Niobium Mid-size vehicule 5% liters/km economy 0.02% of Niobium 15,000 tons $25M & 15,000 tons savings Øresun bridge 9
10 Niobium Demand by Region North America Europe & CIS India China South Korea Japan Africa & Middle East South America 2021 projected world consumtion t FeNb Note: About 3,000 t are not included in the picture (other Asia & Australia) Source: Camet Metallurgy Inc 10
11 g FeNb / t Steel Demand is Growing The amount of Niobium used per ton of steel is rising Niobium demand could double if China catches-up Crude Steel Production vs Niobium Intensity of Use, 2016 Americas South Korea Japan Europe & CIS India China Crude Steel Output (Mt) Note: Size is relative to total Niobium consumption Source: Camet Metallurgy Inc 11
12 Global Supply Only 3 producers sharing global demand for over 40 years Key end-users rely 100% on imports Niobec 8% Resources (M tonnes) Grade (%Nb 2 O 5 ) Recoverable Unit (kg Nb 2 O 5 /t milled) Araxa 80% Catalao 11% Source: Camet Metallurgy Inc 12
13 High Value Niobium Assets Recent M&A transactions reflect the appetite from Asian entities : $US 3.9B 30% Araxa mine 2014 : $US 500M 100% Niobec mine (5.6 x EBITDA) 2016 : $US 1.7B 100% Catalao + Phosphate mine (10.3 x EBITDA) Source: Bloomberg 13
14 USD/kg Nb Niobium Prices are Stable Niobium is one of the only commodity which price remained fairly stable in recent years $50 $45 World average FeNb price (converted in USD) $40 $35 $30 $25 $20 Between 2006 and 2008, the price of ferroniobium increased to address what appeared to be a structural under-valuing of niobium. Up to that point, the strong growth in demand for ferroniobium had not been reflected in its price. US dollar strength towards the Yen, Euro and Renminbi caused the reported price in USD to decline. Real prices in local currencies remained stable. $15 $10 Source: Camet Metallurgy Inc 14
15 Niobium Prices are Stable FeNb prices remained stable in local currencies EU/CIS Japan 15
16 James Bay Niobium Project Moose River, Moose Factory
17 Project Location James Bay Lowlands, Northeast Ontario, Canada Moosonee James Bay Niobium Detour Gold 40 km southeast of the town of Moosonee 110 km northwest of the Detour Gold mine 17
18 Infrastructures Moosonee James Bay Rail (ONR) Renison station < 40 km James Bay Niobium Crown Mining Lease Wetum road 18
19 James Bay Niobium History Discovered in 1966 Historical estimate of 0.52% Nb 2 O 5 established by Bechtel Canada Ltd. in Open at depth Major exploration work carried from 1967 to ,000 meters of drilling at an average depth of 170 meters in 85 holes, in sections of 61 meters intervals along a strike of 730 meters 1 Exploration shaft (~130' ) & a 250' cross-cut 225Mt extracted for metallurgical testing (pilot plant) Lakefield Research carried out metallurgical tests Overall recovery of 78%, very low impurities, and high grade concentrate 1 Feasibility study completed by Bechtel Canada Ltd. in : NioBay Metals has not yet undertaken the work necessary to verify or classify the historical estimates, the historical drilling and the metallurgical tests. Economic studies completed in the 1960s does not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person. 19
20 SECTION 00 SECTION 8N Surface Plan % Nb 2 O % Nb 2 O 5 Inside red dash line: 62 M 0.52% Nb 2 O 1 5 Unit 6 (red): High-grade zone % Nb 2 O 1 5 Unit 5 (orange): Medium-grade zone % Nb 2 O 1 5 1: NioBay Metals has not yet undertaken the work necessary to verify or classify the historical estimates, the historical drilling and the metallurgical tests. Economic studies completed *Historical resources estimate are not compliant and are based on data obtained by previous operators in the 60's. MDN is not treating the historical in the 1960s does not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor resources as having as been NI verified compliant by a qualified nor as having person. been verified by a qualified person, and they should not be relied upon. 20
21 Section % Nb 2 O % Nb 2 O 5 1: NioBay Metals has not yet undertaken the work necessary to verify or classify the historical estimates, the historical drilling and the metallurgical tests. Economic studies completed in the 1960s does not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person. 21
22 Strategy and Timeline NioBay s objective is to penetrate the market with around 5% of the market share Acquisition Resource Re-log and analyse Drilling PEA release PFS release DFS release Start construction 2016 Acquisition Production $8 million ~C$20 million 22
23 Summary Niobium is an essential strategic and critical metal in modern urbanisation Reduce emissions of greenhouse gases Highly sought after assets Growing demand and stable prices Well located project near key infrastructures Aims to become the second producer in North America and the fourth in the world 23
24 Developing one of the most critical metal Claude Dufresne President & CEO 1693 St-Patrick Street, Suite 106, Montreal (Quebec), Canada, H3K 3G9 Tel: (514
