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)
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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)
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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)
Cette adresse e-mail est protégée contre les robots spammeurs. Vous devez activer le JavaScript pour la visualiser.