Niocan Inc. Considers Various Alternatives for the Uninterrupted Listing of its Shares

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Posted on September 24, 2012

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Niocan Inc. Considers Various Alternatives for the Uninterrupted Listing of its Shares

For immediate release

Montreal, Quebec – September 24, 2012 –Niocan Inc. (“Niocan” or the
“Company”) (TSX:NIO), announced that its board of directors is reviewing various
alternatives to maintain an uninterrupted trading platform for its shares. The board
of directors of the Company believes that it is in the best interests of the
shareholders of Niocan that the shares continue to have a forum for trading in an
orderly fashion.

Niocan had received notice from the Toronto Stock Exchange (the “TSX”) that the
TSX has commenced a review of the eligibility for continued listing of the
Company’s securities on the TSX. The Company currently does not meet certain
of the TSX’s listing requirements, including the minimum requirement for
expenditures on exploration and/or development work. The Company has been
granted 120 days to comply with all the TSX requirements. If the Company is
unable to demonstrate on or before January 24, 2012 that it meets the TSX
requirements for continued listing, the securities will be delisted 30 days from such
date.

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
514-288-8506
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