Update on Niocan’s Strategic Process and Discussions with Forbes & Manhattan

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Posted on June 10, 2011

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Update on Niocan’s Strategic Process and Discussions with Forbes & Manhattan

Toronto, Ontario, June 10, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO)
announced today that the Company has terminated discussions with Forbes & Manhattan, Inc.
relating to the previously announced proposed private placement of 5,157,000 common shares
of Niocan. The Company is continuing discussions with other third parties regarding a potential
transaction to secure financing and enhance shareholder value and looks forward to providing
future updates as the strategic process progresses.

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: 48 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.
2000 rue Peel, bureau 760
Montréal (Québec) H3A 2W5
Tél: (514) 288-8506
Fax: (514) 843-4809

On behalf of the Board of Directors
For more information, please contact
Hubert Marleau
Interim Chairman of the Board and CEO
514-288-8506
514-843-4809 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.

Read 3879 times Last modified on Thursday, 25 July 2013 22:18
Published in 2011