Niocan Inc. Announces New Director

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Posted on October 29, 2012

For immediate release

Niocan Inc. Announces New Director and Permanent CEO

Montreal, Quebec, October 29, 2012. Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announced today that Mr. Joel Bell has joined its Board of Directors.

Mr. Bell was founding President and Chief Executive Officer of Canada Development Investment Corporation (CDIC). He was Executive Vice President and Chief Financial Officer of PetroCanada. He was jointly responsible in Northbridge Inc. for the establishment of two US TV networks and served as a Director. He was Executive Chairman of Power DirecTV. He founded the Maxlink Group of Companies as its President and CEO. He has served as President of a real estate development company in Paris. He has worked as a business development and financial advisor and served on the boards of a number of companies in natural resources, financial intermediation services, manufacturing, telecommunications and broadcasting.

He was Senior Economic Advisor to Prime Minister Pierre Elliot Trudeau and held a variety of positions with the Government of Canada, including: Special Advisor to the Department of Energy, Mines and Resources; Special Counsel to the Canadian Radio-Television Telecommunications Commission; Chairman of the Working Group on Foreign Investment; Special Advisor to the Minister of Consumer and Corporate Affairs; Staff Consultant to the Canada Department of Labour; Consultant to the Economic Council of Canada; and Research Officer with the Prime Ministerial Task Force on Labour Relations.

He has served as Chairman of the Council for Canadian-American Relations based in New York, as a Director of the Canada-France Business Council and is currently Chairman of the Chumir Foundation for Ethics in Leadership, an activity he founded.

Mr. Bell was educated in economics, political science and law at McGill University and did graduate studies in business, economics and law at Harvard University.

Niocan also announced today that Mr. Hubert Marleau has been appointed as permanent Chief Executive Officer of Niocan. Mr. Marleau has been a director of Niocan since 1999, and has held the position of Interim Chief Executive Officer of Niocan since January 2011.

About Niocan
Niocan’s mission is to become a ferroniobium producer as soon as possible, following the issuance of a Certificate of Authorization from the Ministry of Sustainable Development, Environment and Parks for its Oka niobium property. Mining assets include mining rights in two (2) properties: 49 claims covering 1604 acres as well as surface rights on 231 acres at Oka and the Hudson Bay Great Whale Iron property covering 17,098 acres.

On behalf of the Board of Directors

For more information, please contact:
Hubert Marleau
Interim Chairman, President and Chief Executive Officer
514-843-4809 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.

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Published in 2012