Mr. Peter Dickie reports

NIOCORP ANNOUNCES INCREASE OF PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO $1.9 MILLION

NioCorp Developments Ltd. and Mackie Research Capital Corp. have agreed to increase the previously announced bought-deal private placement of 1,334,000 special warrants by 1.2 million special warrants to now offer a total of 2,534,000 special warrants for gross proceeds of $1,900,500.

The offering was initially announced Feb. 11, 2015; all other terms of the offering remain unchanged.

The net proceeds from the offering will be used by the company for continued development of NioCorp's Elk Creek niobium project, including, but not limited to, metallurgical studies including plant work and detailed engineering, and to satisfy the main condition precedent of the Toronto Stock Exchange to allow NioCorp's listing on the TSX.

The offering is subject to the acceptance of the TSX Venture Exchange and the TSX.