Niocan also announces a change to its executive team in support of the strategic plan                                                    

Montreal, Québec – TheNewswire - January 17, 2022 – Niocan Inc. (TSXV:NIO) (OTC:NIOCF) (“Niocan” or the “Company”) is pleased to announce its intention to change its name for Nio Strategic Metals. The change would have no impact on the trading symbol but confirms the Company’s intention to expend its activities to source strategic metals and minerals essential to advancing modern life and national security in beneficially environmental, social and ethical manner.

“The new name will emphasise the Company’s commitment to its corporate objective of expanding its activities and targeting projects with a focus on strategic minerals that can be developed with a reduced environmental footprint and upholding the highest international standards for responsible mining” said Hubert Marleau, Chairman of the Board and Chief Executive Officer of Niocan. “By taking a broader and more complete view of the Company’s purpose, we can focus on creating long-term value and serve better our investors, employees, communities, suppliers and customers” he added.

Niocan announces, effective January 1, 2022, the appointment of Hubert Vallée as Senior Vice President Operations to its executive team. Mr. Vallée will lead the effort to maximise value of our assets. He joined Consolidated Thompson in 2006 and was one of the key officers who made this project happen. After the sale of Consolidated Thompson Cliffs, he worked as Vice President, Project Development for Phase II of Bloom Lake operation. He was also involved in negotiating amicable relationships with the Innu and the Cree communities in Sept-Iles and the James Bay area.

“The strategic plan will allow a better development of the existing assets to support renewed Company’s objectives” said Hubert Vallée. “I look forward to lead Niocan’s growth plan” he added.

About Niocan

Niocan is an exploration and development company, with a focus on becoming a ferroniobium producer. The Company holds a niobium property in Oka, Québec and other exploration properties in the Province of Québec. Niocan’s Oka mining property consists of mining rights comprised of 49 claims covering 2,281 acres and its Great Whale property consists of surface and mining rights covering 24,944 acres on the Hudson Bay territory.

For more information on the Company, please refer to the Company’s public documents available on SEDAR (www.sedar.com).  

For more information, please contact:

Hubert Marleau

Chairman, President and Chief Executive Officer

niocan.investorinformation@gmail.com

514-560-7623

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (together, “forward looking statements”) within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”, “occur” or “be achieved”, the negative of these terms and similar terminology although not all forward-looking statement contains these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Niocan’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR at www.sedar.com, as well as all assumptions regarding the foregoing. Although Niocan believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Niocan disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.