Mr. Peter Dickie reports

JOSEPH A. CARRABBA JOINS NIOCORP'S BOARD OF DIRECTORS

Niocorp Developments Ltd. has appointed Joseph A. Carrabba to its board of directors, effective immediately.

"On behalf of the board and the corporation, I'd like to welcome Mr. Carrabba to Niocorp. Joseph's extensive experience and knowledge in exploration and global mining operations will add significant value to the proficiency of the existing board," said Mark Smith, chief executive officer of Niocorp.

Mr. Carrabba served as the chairman, president and chief executive officer of Cliffs Natural Resources Inc., a publicly held international mining and natural resources company, from 2006 until his retirement in November, 2013. Prior to joining Cliffs Natural Resources, Mr. Carrabba gained broad experience in the mining industry throughout Canada, the United States, Asia, Australia and Europe. He was the former general manager of the Weipa bauxite operation of Comalco Aluminum and served in a variety of leadership capacities at Rio Tinto, a global mining company, including as president and chief operating officer of Rio Tinto's Diavik Diamond Mines Inc. Mr. Carrabba is also a director of Newmont Mining Corp. and TimkenSteel Corp. He holds a bachelor's degree in geology from Capital University and an MBA from Frostburg State University in Maryland.

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