NioCorp Developments Ltd.

NioCorp Developments Ltd.

July 31, 2014 16:25 ET

NioCorp Engages Mackie Research as Financial Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2014) - NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX VENTURE:NB)(OTCQX:NIOBF)(FRANKFURT:BR3) is pleased to announce that the Company has appointed Mackie Research Capital Corporation ("MRCC") as its financial advisor to assist in reviewing strategic options to meet the Company's growth objectives and enhance shareholder value.

The agreement provides for introductory services to retail and institutional clients of MRCC, including road shows to introduce the Company to new retail and institutional investors. MRCC will assist in negotiating the terms and structure for any future financing transactions, which could include attracting additional strategic partners. MRCC will also continuously assess the market's appetite for future financing transactions.

MRCC is one of Canada's largest independent full-service investment firms, offering a full complement of capital markets and wealth management services to private clients, institutions and growth companies. MRCC has significant experience in the mining sector including acquisitions, mergers, divestitures and corporate finance.

"We are pleased to be appointing MRCC, a leading Canadian investment bank with highly regarded expertise in the mining sector, to assist NioCorp in advancing our strategy for growth," commented Mark A. Smith, CEO of Niocorp.

About the Company: NioCorp are developing the only primary niobium deposit known to be under development in the U.S., and the highest grade undeveloped niobium deposit in North America, located near Elk Creek, Nebraska. The Company has published an NI 43-101 resource of 19.3 Million tonnes grading 0.67% Indicated, containing over 129,182 tonnes of Nb2O5, and 83.3 Mt grading 0.63% Inferred, containing over 523,844 tonnes of Nb2O5). Niobium is mainly used in the form of Ferro-Niobium to produce HSLA (High Strength, Low Alloy) steel, to produce lighter, stronger steel for use in automotive, structural and pipeline industries. The U.S. imports 100% of its niobium needs.


Peter Dickie

Director, President and Corporate Secretary

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.

Certain statements contained in this press release may constitute forward-looking statements. Such forward-looking statements are based upon NioCorp's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp's plans or prospects to change include changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. NioCorp disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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