2011

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NIOCAN ADOPTS LIMITED DURATION SHAREHOLDER RIGHTS PLAN

Toronto, Ontario, January 21, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO)
announces that the Company’s Board of Directors has approved on January 20, 2011 the
adoption of a limited duration shareholder rights plan, subject to TSX acceptance. The rights
plan is designed to ensure that in the context of an unsolicited take-over bid, the Board of
Directors has adequate time to fully assess any potential alternative transactions to maximize
shareholder value. The rights plan is effective immediately and will remain in effect for a period
of 180 days, after which time it will expire if the rights have not otherwise terminated in
accordance with the plan. The rights plan is not intended to prevent take-over bids that treat
Niocan’s shareholders fairly.

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)
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NIOCAN ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES

Toronto, ON, January 18, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announces today, that given the recent public expressions of interest from both Augyva Mining Resources (“Augyva”) and Nio-Metals Holding LLC (“Nio-Metals”), the Special Committee appointed by the Company’s Board of Directors has engaged Gryphon Partners as financial advisor to provide independent financial advice regarding Augyva’s intentions and any possible business combination as proposed by Nio-Metals, as well as any other potential strategic alternatives available to the Company. Legal counsel to the Special Committee and the Company is Torys LLP.

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

For more information, please contact
Terence Ortslan
Chairman of the Special Committee
514-288-8506
514-843-4809 (fax)
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NIOCAN ANNOUNCES NOTICE OF INTENT OF OFFER FROM AUGYVA MINING RESOURCES INC.

Montreal, QC, January 13, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announces that its Board of Directors has been made aware, through the issuance by Augyva Mining Resources Inc. (“Augyva”) of a press release dated January 12, 2011, of Augyva’s intent to make an unsolicited offer to acquire all of the issued and outstanding common shares of Niocan, by way of a formal take-over bid, an amalgamation, a plan of arrangement or any other similar transaction.

Niocan announced earlier today that it has received an offer from Nio-Metals Holdings LLC (“Nio-Metals”) for a business combination with the Company, and that the Company has formed a special committee of independent directors (“Special Committee”).

The Special Committee will investigate and evaluate the offer received from Nio-Metals, any offer it may receive from Augyva as well as any other opportunities available to the Company, with the objective of further enhancing shareholder value (“Strategic Review”).

Niocan does not intend to disclose developments with respect to the Strategic Review unless and until the Board of Directors has approved a definitive transaction or strategic option. Also, in the event a definitive proposal is received, there is no assurance that such a proposal will be recommended by the Special Committee or the Board of Directors or that such proposal will be implemented. There is no assurance that any transaction will occur, or if a transaction is undertaken, as to its terms or timing.

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.
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.

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NIOCAN ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES AND INTERIM CEO AND CHAIRMAN

Montreal, QC, January 13, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announces that its Board of Directors has received an unsolicitated offer from Nio-Metals Holdings LLC (in New-York) for a business combination with the Company. Niocan has formed a special committee of independent directors (“Special Committee”) to investigate and evaluate the offer as well as any other opportunities available to the Company, with the objective of further enhancing shareholder value (“Strategic Review”).

Niocan does not intend to disclose developments with respect to the Strategic Review unless and until the Board has approved a definitive transaction or strategic option. Also, in the event a definitive proposal is received, there is no assurance that such a proposal will be recommended by the Special Committee or the Board or that such proposal will be implemented. There is no assurance that any transaction will occur, or if a transaction is undertaken, as to its terms or timing.

Niocan also announces that Mr. Bernard Coulombe, Chairman, President and CEO of the Corporation has resigned as a director and officer of the Corporation for personal reasons effective yesterday evening. The Board of Directors thanks Mr. Coulombe for his dedication and contribution over the past years to the advancement of the Company and wishes him much success in his future endeavors. Mr. Coulombe will remain a consultant to Niocan.

The Board of Directors is pleased to announce that Mr. Hubert Marleau, who has over 10 years experience with the Company, having served as director and Chairman, will assume the position of Interim Chairman of the Board of Directors and CEO of Niocan.

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.

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.

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