NioCorp Developments Ltd.

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/14/11 -- Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(OTCQX: QREDF)(FRANKFURT: BR3) ('Quantum', the 'Company') is pleased to announce that it has arranged, subject to regulatory approval, a non-brokered private placement consisting of up to 10,000,000 units (the 'Units') at a price of