QRE Niocorp Developments Ltd.

Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(PINK
SHEETS:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") is pleased to announce
that Mr. Claude Dufresne, Ing. has agreed to join the recently establishment
Technical Advisory Board to help oversee developments of the Company assets.


Mr. Dufresne graduated with a Bachelors degree in Mining Engineering from Laval
University in 1991. Following his graduation, Mr. Dufresne started working with
Cambior as a metallurgist. In 1996, he was transferred to Cambior's largest
operation, Omai Gold Mines Ltd., located in Guyana, S.A before been promoted to
Marketing Manager. After Cambior's acquisition by Iamgold Corp, Mr. Dufresne
collaborated with Iamgold's Corporate Development group while continuing with
its Sales & Marketing activities, which included niobium and bauxite. In January
2008, Mr. Dufresne started Camet Metallurgy Inc, a joint venture company with
Iamgold, which is responsible for the worldwide Sales and Marketing of Iamgold's
niobium from the Niobec mine. Mr Dufresne is a member of the Ordre des
Ingenieurs du Quebec, and of the Tantalum & Niobium International Study Center
(TIC).


"We are extremely pleased with the addition of Mr. Dufresne to the Company. We
feel he will play an integral role in the guidance and development of the Elk
Creek Niobium and Rare Earth property in Nebraska," stated Peter Dickie,
President and CEO of Quantum. "We anticipate announcing additional members of
this board in the coming weeks."


The Company has received conditional approval for the Elk Creek Carbonatite
acquisition, with final approval subject to satisfaction of certain conditions
(see NR Sept 21, 2010 for details), including successfully closing a private
placement. Camet Metallurgy Inc. has agreed to participate in this private
placement.


The Company also wishes to announce the granting of incentive stock options to
its directors, officers, consultants and employees, under its Stock Option Plan,
for the purchase of up to 100,000 common shares of the Company for a period of 2
years at a price of $0.35 per share, subject to approval of the TSX Venture
Exchange.


On Behalf of the Board,

Peter Dickie, President

Niocorp Developments Ltd. (TSXV:QRE)
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