QRE Niocorp Developments Ltd.

Quantum Rare Earth Developments Corp.'s (TSX VENTURE: QRE)(OTCQX: QREDF)(FRANKFURT: BR3) call for North American production of Rare Earth elements vs. Chinese import was recently analyzed by Newsmax's Alec Weisman. The mining development corporation with operations in Elk Creek, NE was contrasted against dominant Chinese operations which the U.S. currently relies on for Rare Earths.

"Although China will likely remain the largest exporter of rare earth metals to the United States, the domestic find of rare earth metals by Quantum may address this vulnerability. The United States and its allies will continue to develop other sources of rare earth metals to end China's stranglehold over the supply of these elements." Read more: http://bit.ly/nWKF1c

Together with Rare Earths, the strategic element also found at Elk Creek is Niobium. The United States Geological Survey has stated, "The Elk Creek site, located south-east of Lincoln, NE, has the potential to be one of the largest global resources of niobium and rare-earth elements." Quantum has previously announced a large inferred niobium resource on the project, together with significant drill intercepts of rare earth elements (www.quantumrareearth.com).

Quantum Rare Earth Developments Corp., based in Vancouver, British Columbia, is an exploration company with a focus on seeking out potentially economic deposits of niobium and rare earth elements in North America and elsewhere in the world.

On Behalf of the Board,

Peter Dickie, President, CEO

"Neither the 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, CEO 604-568-7365 604-568-7506 (FAX) www.QuantumRareEarth.com