Niobay Metals Inc.

MDN is pleased to announce the signature of a letter of intent with Tanzania Minerals Corporation, pursuant to which MDN is granting an option to TZM to acquire a 50% undivided interest in its interest in the prospecting licences of the Ikungu property to TZM. The Ikungu property covers 17.9 km2 and lies 17 km southwest of Musoma and 135 km northeast of Mwanza, Tanzania's second largest city. To acquire such 50% undivided [...]