NioCorp To Hold Special Meeting of Shareholders on May 17, 2016 Regarding Incentive for Early Exercise of Warrants

CENTENNIAL, Colo., April 04, 2016 (GLOBE NEWSWIRE) -- NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) announces that it will conduct a Special Meeting of Shareholders on Tuesday May 17, 2016 at 10 a.m. Mountain Time.

NioCorp proposes to implement an early warrant exercise program (the “Program”) designed to encourage the early exercise of (unlisted) share purchase warrants exercisable at $0.65 that otherwise expire on November 10, 2016 (the “Warrants”). The Program and commencement of the Program is subject to disinterested shareholder approval (excluding any votes held by shareholders that are also holders of the Warrants) which will be sought at the Special Meeting, and final Toronto Stock Exchange (“TSX”) approval.

The inducement to exercise early will be provided in the form of incentive shares of the Company (the “Incentive Shares”). The ultimate determination as to the total number of Incentive Shares (or fraction of Incentive Share per Warrant) to be issued on exercise of the Warrants during the 30 day incentive period will be made based on the Market Price of the Company’s common shares on the TSX immediately before the start of incentive period.

NioCorp has engaged Mackie Research Capital Corporation to provide services in connection with the Program, including financial advice and analysis and solicitation of the holders of the Warrants to participate in the Program.

This release does not constitute an offer to sell or a solicitation of an offer to buy of any of NioCorp’s securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom.

"Mark Smith”
Mark Smith
Executive Chairman, CEO and Director

About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a superalloy material that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants.

Cautionary Statements
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

For More Information:  Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com