2012

Niocan Announces Work Program and Additional Claims for its Great Whale Iron Property

For immediate release

Montreal, Quebec, November 1st, 2012. Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announced today developments with respect to its Great Whale Iron Property (“GWIP”).

A total of 320 additional claims have been staked around the three primary targets of the Company’s GWIP, bringing this project’s total claims to 460.

The Company’s Board of Directors has also approved a new work program for its GWIP. A regional airborne magnetics survey will be conducted in the vicinity of the GWIP in mid-November and this work will be followed by a detailed airborne MAG-EM survey on the primary targets in early December 2012. The Company anticipates the final reports in January 2013. An analysis of this new data will help Niocan delineate targets of greater interest for ground and field based follow-up. The total estimated cost of this work program is $880,000.

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, Quebec; and 460 claims covering 56,166 acres (22,741 hectares) at the Hudson Bay Great Whale Iron Property in Northern Quebec.

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. This email address is being protected from spambots. You need JavaScript enabled to view it.

pdficon small View this press release in pdf

Niocan Inc. Announces New Director

Monday, 29 October 2012 12:46

For immediate release

Niocan Inc. Announces New Director and Permanent CEO

Montreal, Quebec, October 29, 2012. Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announced today that Mr. Joel Bell has joined its Board of Directors.


Mr. Bell was founding President and Chief Executive Officer of Canada Development Investment Corporation (CDIC). He was Executive Vice President and Chief Financial Officer of PetroCanada. He was jointly responsible in Northbridge Inc. for the establishment of two US TV networks and served as a Director. He was Executive Chairman of Power DirecTV. He founded the Maxlink Group of Companies as its President and CEO. He has served as President of a real estate development company in Paris. He has worked as a business development and financial advisor and served on the boards of a number of companies in natural resources, financial intermediation services, manufacturing, telecommunications and broadcasting.

He was Senior Economic Advisor to Prime Minister Pierre Elliot Trudeau and held a variety of positions with the Government of Canada, including: Special Advisor to the Department of Energy, Mines and Resources; Special Counsel to the Canadian Radio-Television Telecommunications Commission; Chairman of the Working Group on Foreign Investment; Special Advisor to the Minister of Consumer and Corporate Affairs; Staff Consultant to the Canada Department of Labour; Consultant to the Economic Council of Canada; and Research Officer with the Prime Ministerial Task Force on Labour Relations.

He has served as Chairman of the Council for Canadian-American Relations based in New York, as a Director of the Canada-France Business Council and is currently Chairman of the Chumir Foundation for Ethics in Leadership, an activity he founded.

Mr. Bell was educated in economics, political science and law at McGill University and did graduate studies in business, economics and law at Harvard University.

Niocan also announced today that Mr. Hubert Marleau has been appointed as permanent Chief Executive Officer of Niocan. Mr. Marleau has been a director of Niocan since 1999, and has held the position of Interim Chief Executive Officer of Niocan since January 2011.

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.

pdficon small View this press release in pdf

pdficon small View this press release in pdf

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.

pdficon small View this press release in pdf

Niocan Announces Extension for the Repayment of its Secured Debentures with Nio-Metals Holdings and Other Investors

For immediate release

Montreal, Quebec, August 28, 2012. Niocan Inc. (“Niocan” or the “Company”)
(TSX-NIO) announced today that the Company has entered into Amendment
Agreements (the “Amendment Agreements”) with each of the holders of the
Secured Debentures Series 2011-I dated August 29, 2011 (the “Debentures”),
including Nio-Metals Holdings LLC.

Under the terms of the Amendment Agreements, the maturity dates of the
Debentures were extended from August 29, 2012 to August 29, 2013, and
Niocan’s right to redeem the Debentures prior to maturity at a redemption price of
105% of the principal amount has been amended, whereby Niocan may now
proceed to such redemption at any time starting February 28, 2013, and may
effect such redemption payment, either in whole or in part, not only through cash
payments but also, at its sole option, through the issuance of common shares in
the capital of Niocan ("Common Shares"), subject to certain limitations, at a
conversion price which is the greater of $1.45 per Common Share, subject to
adjustments, and the volume weighted average trading price of the Common
Shares for the five (5) trading days prior to the issuance of the Common Shares
less an amount equal to the maximum discount permitted under the rules of the
Toronto Stock Exchange.

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.