Update on Niocan’s Private Placement Financing with Forbes & Manhattan

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Posted on June 06, 2011

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Update on Niocan’s Private Placement Financing with Forbes & Manhattan

Toronto, Ontario, June 6, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO)
announces that the previously extended exclusivity period agreed to by the Company pursuant
to the binding letter of intent with Forbes & Manhattan, Inc. has expired. While the exclusivity
period has expired, discussions between the parties are still ongoing regarding a potential

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
514-843-4809 (fax)
This email address is being protected from spambots. You need JavaScript enabled to view it.

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Published in 2011