Mr. Peter Dickie reports

NIOCORP ANNOUNCES FINAL APPROVAL FOR GRADUATION TO TSX

Niocorp Developments Ltd. has received final approval for the listing of the company's common shares on the Toronto Stock Exchange.

Niocorp's common shares will commence trading on the TSX effective as of the open of the market on Monday, March 9, 2015. Upon listing on the TSX, the common shares of the company will continue to trade under the symbol NB.

In conjunction with listing on the TSX, the company's common shares will be delisted from the TSX Venture Exchange prior to the commencement of trading Monday, March 9, 2015.

The TSX is the premier stock exchange for resource companies, and Niocorp believes that the move to the TSX will facilitate significantly more access to a broad range of international and institutional investors and capital pools. Increased exposure for the company coincides with the rapid development of the Elk Creek project, and is in keeping with the company's aggressive development plan. "The past year has seen tremendous progress in the company's business, highlighted by our ranking as the No. 1 mining issuer in the TSX Venture 50 for 2014. We look forward to leveraging our new listing on the TSX as we drive the Elk Creek project forward," said Mark Smith, executive chairman of Niocorp.

We seek Safe Harbor.