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Posted on April 20, 2013

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

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UPDATE REGARDING NIOCAN’S SHAREHOLDER RIGHTS PLAN

Toronto, Ontario, January 24, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO)
announces that it has been notified by the Toronto Stock Exchange (the “TSX”) that the TSX will
defer consideration of the acceptance of the shareholder rights plan of Niocan (the “Rights
Plan”) until such time as the TSX is satisfied that the appropriate securities commission will not
intervene pursuant to National Policy 62-202 - Take-Over Bids - Defensive Tactics. Pursuant to
TSX policies, the TSX automatically defers acceptance of shareholder rights plans adopted in
response to a specific take-over bid. Even though the TSX has deferred its review of the Rights
Plan, the Rights Plan remains in effect. A copy of the Rights Plan is available at
www.sedar.com.


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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UPDATE ON NIOCAN’S STRATEGIC PROCESS

Montreal, Québec, March 4, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) is pleased to provide the following update regarding its ongoing strategic process.

As a result of receiving previously announced acquisition proposals from both Nio-Metals Holdings LLC (“Nio-Metals”) and Augyva Mining Resources Inc. (“Augyva”) in mid-January, the Company formed a special committee of directors (the “Special Committee”) and engaged legal and financial advisors to evaluate these opportunities and to explore other potential strategic alternatives, all with the objective of maximizing shareholder value.

On March 2, 2011, Nio-Metals announced by press release that it has withdrawn its proposal for a business combination with the Company. The Company has had numerous discussions with Nio-Metals regarding its proposal and the Special Committee, with the advice of its advisors, concluded that the price proposed by Nio-Metals was inadequate and not fair to the Company’s shareholders. While the Special Committee is disappointed with Nio-Metals’ decision, it remains willing to continue discussions with Nio-Metals if Nio-Metals is willing to propose a transaction that adequately values the Company and which is in the best interests of all of its shareholders.

The Company also looks forward to receiving Augyva’s previously announced formal takeover bid and assessing the terms and conditions of that offer.

In addition, the Special Committee is actively engaged in the process of exploring and evaluating other strategic alternatives. The Company has set up a data room and is currently in discussions with a number of additional third parties who have expressed interest in exploring a transaction with the Company.
The Special Committee is committed to pursuing alternatives that will maximize shareholder value and looks forward to providing future updates as the strategic process progresses.

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 Enters into Binding Letter of Intent with Forbes & Manhattan

 

Toronto, Ontario, May 4, 2011: Niocan Inc. (“Niocan” or the “Company”) (TSX-NIO) announced today that the Company has entered into a binding letter of intent (“LOI”) with Forbes & Manhattan, Inc. (“F&M”) whereby F&M, its affiliates and/or assigns would provide Niocan with the lead order for a private placement of 5,157,000 common shares of Niocan at a price of $1.15 per share, which represents a 15% premium to the closing price of Niocan’s common shares on the Toronto Stock Exchange on May 3, 2011, being $1.00. The aggregate gross proceeds to the Company from the financing would be approximately $6 million. The proceeds of the private placement will be used to pay the Company’s current operating costs, and to fund the development of the Company’s assets. The Company and F&M have also agreed to work together to propose a reconstituted board of directors and the appointment of a new Chief Executive Officer of the Company.

Completion of the proposed private placement financing is conditional on the completion of due diligence to the sole satisfaction of F&M, and approval from the Toronto Stock Exchange. Niocan has agreed to a 16 day exclusivity period ending on May 20, 2011 to allow the completion of due diligence and the negotiation of a definitive subscription agreement. During that period the Company shall not be permitted to discuss, negotiate or solicit competing financing transactions or the sale of the Company’s assets with any other person. As a result of the conditions referred to above, the Company cautions that no assurance can be given that the financing will be completed.


The execution of the LOI reflects the commitment of the Special Committee and the Board of Directors of Niocan to maximize value for all shareholders through their review of strategic alternatives.


About F&M
F&M is a leading merchant bank with a proven track record in managing, developing and operating iron ore and strategic minerals companies globally. F&M participated in the development of Consolidated Thompson Iron Mines Ltd. and the Bloom Lake deposit, resulting in a resource expansion, off-take arrangements with a strategic investor, commercial production and the subsequent sale to Cliffs Natural Resources Inc. F&M has also been involved in the management and development of Alderon Resource Corp. Alderon’s Kami property is strategically located within the Labrador Trough in close proximity to Consolidated Thompson’s Bloom Lake mine, IOC’s Carol Lake mine and Cliffs Natural Resources Scully mine. F&M has also been instrumental in the development of the Shymanivske and Zelenivske iron ore projects located in Krivoy Rog, Ukraine, which are 100% owned by Black Iron Inc.


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

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Update on Niocan's Private Placement Financing with F&M

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

Toronto, Ontario, May 27, 2011: On May 4, 2011, Niocan Inc. (“Niocan” or the “Company”)
(TSX-NIO) announced that the Company had entered into a binding letter of intent (the “LOI”)
with Forbes & Manhattan, Inc. (“F&M”) whereby F&M, its affiliates and/or assigns would provide
Niocan with the lead order for a private placement of 5,157,000 common shares of Niocan at a
price of $1.15 per share. On May 20, 2011, Niocan announced that the Company had agreed to
extend the exclusivity period in the LOI to May 27, 2011 to allow additional time to complete due
diligence and negotiate a definitive subscription agreement. Discussions between the parties
are still ongoing and as a result, the Company has agreed to further extend the exclusivity
period to June 3, 2011.

About F&M
F&M is a leading merchant bank with a proven track record in managing, developing and
operating iron ore and strategic minerals companies globally. F&M participated in the
development of Consolidated Thompson Iron Mines Ltd. and the Bloom Lake deposit, resulting
in a resource expansion, off-take arrangements with a strategic investor, commercial production
and the subsequent sale to Cliffs Natural Resources Inc. F&M has also been involved in the
management and development of Alderon Resource Corp. Alderon’s Kami property is
strategically located within the Labrador Trough in close proximity to Consolidated Thompson’s
Bloom Lake mine, IOC’s Carol Lake mine and Cliffs Natural Resources Scully mine. F&M has
also been instrumental in the development of the Shymanivske and Zelenivske iron ore projects
located in Krivoy Rog, Ukraine, which are 100% owned by Black Iron Inc.

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.