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 it has retained First Canadian Capital Corp. ("First Canadian") as a
consultant to provide strategic marketing and investor relations services. First
Canadian will introduce the Company to private investors, analysts, brokers,
money managers and other financial professionals, and will generate market
awareness for Quantum as it advances its Elk Creek Carbonatite project in
southern Nebraska and Archie Lake project in Saskatchewan.


Under the terms of the agreement, Quantum will pay First Canadian $6,000 per
month for a twelve month initial term (with a right of termination by either
party after six months) and grant 400,000 stock options for a period of 2 years
at an exercise price of $0.50 per share, with vesting in accordance with TSX
Venture Exchange policies and the Company's Stock Option Plan.


Peter Dickie, President of Quantum commented, "We are pleased to have First
Canadian work with us to increase the exposure of Quantum to the financial
markets and also increase awareness of our exploration activities and programs
in Nebraska, Saskatchewan and Australia. We chose First Canadian based on their
professional standards and their track record of successfully assisting other
resource companies with effective investor relations plans and strategies."


About First Canadian Capital Corp.: Based in Toronto and in the investor
relations business for thirteen years, First Canadian Capital Corp. has assisted
numerous North American corporations in gaining exposure and recognition within
the global investment community. www.firstcanadiancapital.com


On Behalf of the Board,

Peter Dickie, President

Niocorp Developments Ltd. (TSXV:QRE)
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