QRE Niocorp Developments Ltd.

Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE) ("Quantum", the "Company") is pleased to announce the addition of Erin Chutter to the Board of Directors.

Erin Chutter is the President and Founder of Puget Ventures Inc., a TSXV listed mineral exploration company advancing the Werner Lake Cobalt Mine in Ontario, Canada.

Active in politics since the late 1980s, Erin has managed and advised campaigns at three levels of government, as well as party leadership races. She has also served on staff to federal and provincial ministers and leaders. Currently, she also serves on the national board of the Canadian Taxpayer's Federation and the Macdonald Laurier Institute.

"Erin is a very positive addition to our Board, having demonstrated her ability to seek out and manage sizeable projects," states Peter Dickie, President of Quantum. "We envision Erin taking a proactive role in the development of our current assets and additional assets the Company is investigating."

The Company is also is pleased to announce the signing of an agreement with The BID Capital Markets ("BID Capital").

BID Capital is an experienced corporate communication firm headquartered in Montreal, Quebec. They will be providing Butler with enhanced corporate publication materials, as well as presenting and organizing presentations to current and prospective shareholders in both English and French. Terms of the nine month agreement with BID Capital calls for payment of $8,500 per month. BID will also receive options to acquire 100,000 shares of the Company.

On Behalf of the Board,

Peter Dickie, President

ABOUT Quantum Rare Earth Developments Inc.

Quantum Rare Earth Developments is a junior exploration company with a focus on seeking out potentially economic deposits of rare earth elements in North America and elsewhere in the world. It has a strong management team with a widespread network providing resource projects in discovery areas. To date, the Company has acquired two highly prospective rare earth properties. The first, at Archie Lake, Saskatchewan, and the second in the vicinity of Mount Weld in Australia. Management is continuing the evaluation process on several highly prospective additions to the corporate portfolio.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contacts: Quantum Rare Earth Developments Corp. Peter Dickie President and CEO (604) 669-9330 (604) 669-9335 (FAX)