2011

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Niocan Announces Private Placement Financing with Nio-Metals Holdings LLC
and Changes to Niocan’s Board of Directors


Toronto, Ontario, August 29, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO)
announced today that the Company has received signed subscription agreements from three
investors for an aggregate of 2,205 units (each, a “Unit”) at an issue price of $1,000 per Unit,
representing aggregate gross proceeds to the Company of $2,205,000 (the “Private
Placement”). The principal investor is Nio-Metals Holdings LLC (“Nio-Metals”) which will
purchase 1,750 of the Units. The terms of the Private Placement are the same as those
announced in the Company’s press release dated August 19, 2011.
The Company expects further investors to agree to purchase an additional 800 Units,
representing gross proceeds of $800,000. The Company expects to complete the issuance and
sale all of the Units and receive aggregate proceeds of $3,005,000 on or prior to September 2,
2011.


The Special Committee of directors of the Company has now completed its process of
assessing various strategic alternatives and has been disbanded. The Company would like to
thank the Special Committee members for their invaluable service.

Finally, the Company announces the resignation of Mr. Lars-Eric Johansson from the Board of
Directors effective today. The Board will appoint Mr. Mark Wallace to the position of director to
fill the vacancy created by the resignation of Mr. Johansson.

Mr. Wallace is an officer of Nio-Metals and serves as the Chief Executive Officer of Tigris
Financial Group Ltd., a New York City-based investment and asset management firm that
focuses on natural resources and the natural resources sector through its related Electrum
Group of Companies. Ambassador Wallace served previously as United States Ambassador to
the United Nations, Representative for U.N. Management and Reform. Prior to his service at the
United Nations, Ambassador Wallace served in a variety of government, political and private
sector posts including in the U.S. Department of Justice, the U.S. Immigration and
Naturalization Service, the U.S. Department of Homeland Security and the U.S. Federal
Emergency Management Agency. Wallace has extensive experience in the private sector as a
lawyer and as a member of the board of directors of various companies and not-for-profits.


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.

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Niocan Announces Revised Terms of Private Placement Financing with Nio-Metals Holdings LLC


Toronto, Ontario, August 19, 2011: On June 29, 2011, Niocan Inc. (“Niocan” or the
“Company”) (TSX-NIO) announced that the Company had entered into a binding term sheet
with Nio-Metals Holdings LLC (“Nio-Metals”) pursuant to which Nio-Metals has agreed to
purchase by way of private placement a minimum of 2,000 units (each, a “Unit”) and a
maximum of 4,000 Units at an issue price of $1,000 per Unit, representing aggregate gross
proceeds to the Company of a minimum of $2 million and a maximum of $4 million (the “Private
Placement”). The Company has received interest from additional investors in participating in the
Private Placement and expects to raise gross proceeds of between $3 million and $4 million.
The Company expects the following changes to the terms of the previously announced private
placement:

  • each Unit would be comprised of one $1,000 principal amount of secured debenture

(“Debenture”) and 520 transferable common share purchase warrants of Niocan (each,
a “Warrant”), which represents an increase in the numbers of Warrants comprising one
Unit from 370 Warrants;

  • each Warrant would expire on the day that is 3 years from the date of the issuance of

the Warrant, rather than 2 years; and

  • each Debenture would bear interest at a rate of 12% per annum, as opposed to 10%.

To facilitate the inclusion of the additional investors and the process for obtaining regulatory
approval, the Company and Nio-Metals have agreed to extend the closing date to no later than
August 26, 2011 and the Company expects the closing to take place on that 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: 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.

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Update on Niocan’s Private Placement Financing with Nio-Metals Holdings LLC

Toronto, Ontario, August 5, 2011: On June 29, 2011, Niocan Inc. (“Niocan” or the
“Company”) (TSX-NIO) announced that the Company had entered into a binding term sheet
with Nio-Metals Holdings LLC (“Nio-Metals”) pursuant to which Nio-Metals has agreed to
purchase by way of private placement a minimum of 2,000 units (each, a “Unit”) and a
maximum of 4,000 Units at an issue price of $1,000 per Unit, representing aggregate gross
proceeds to the Company of a minimum of $2 million and a maximum of $4 million (the “Private
Placement”). In order to finalize transaction documentation and obtain regulatory approval, the
Company and Nio-Metals have agreed to extend the closing date to no later than August 19,
2011. The Company expects to complete the Private Placement on or before this 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: 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.

pdficon small View this press release in pdf

Update on Niocan’s Private Placement Financing with Nio-Metals Holdings LLC

Toronto, Ontario, July 28, 2011: On June 29, 2011, Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announced that the Company had entered into a binding term sheet (the “Term
Sheet”) with Nio-Metals Holdings LLC (“Nio-Metals”) pursuant to which Nio-Metals has agreed
to purchase by way of private placement a minimum of 2,000 units (each, a “Unit”) and a
maximum of 4,000 Units at an issue price of $1,000 per Unit, representing aggregate gross
proceeds to the Company of a minimum of $2 million and a maximum of $4 million (the “Private
Placement”). As a result of ongoing discussions with additional potential investors and the
process for obtaining regulatory approval, the Company and Nio-Metals have agreed to extend
the closing date from July 29, 2011 to no later than August 5, 2011. The Company expects to
complete the Private Placement on or before this 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: 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.

NIO-METALS HOLDINGS ACQUIRES UNITS OF NIOCAN INC.

New York, New York – June 30, 2011. On June 29, 2011, Nio-Metals Holdings LLC (“Nio-Metals”)
entered into a binding term sheet with Niocan Inc. (“Niocan”) pursuant to which Nio-Metals has agreed
to purchase by way of private placement in reliance on the accredited investor exemption a minimum of
2,000 units (each, a “Unit”) and a maximum of 4,000 Units at an issue price of $1,000 per Unit,
representing aggregate gross proceeds to the company of a minimum of $2 million and a maximum of $4
million. Each Unit comprises one $1,000 principal amount of secured debenture (“Debenture”) and 370
transferable common share purchase warrants of Niocan (each, a “Warrant”). Each Debenture will
mature one year from the closing of the private placement and will bear annual interest at a rate of 10%.
The principal amount and interest may be payable in cash or common shares of Niocan (“Common
Shares”) at Niocan’s sole option, with the number of shares to be determined based on a price of $1.45
per Common Share. Niocan will also have the right to redeem the Debentures prior to maturity at a cash
redemption price of 105% of the principal amount. Each Warrant will entitle the holder thereof to
purchase one additional Common Share at a price of $1.45 until 5:00 p.m. on the day that is two years
from the date of the issuance of the Warrant. Nio-Metals will purchase at least 2,000 Units and Niocan
may seek other purchasers for the additional 2,000 Units. Niocan may require Nio-Metals to purchase any
remaining Units not acquired by other purchasers.

The Units are being acquired for investment purposes and Nio-Metals and/or one or more of its affiliates
may, depending on market and other conditions, increase or decrease its beneficial ownership of Common
Shares or other securities of Niocan whether in the open market, by privately negotiated agreement or
otherwise.

Nio-Metals Holdings LLC is located at 535 Madison Avenue, 11th Floor, New York, NY 10022. A copy
of the report relating to this acquisition can be obtained from Michael Williams 646-365-1600 or on
Niocan’s profile at www.SEDAR.com.

The filing of this report is not an admission that an entity named in the report owns or controls any
described securities or is a joint actor with another named entity.

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