QRE Niocorp Developments Ltd.

Quantum Rare Earth Developments Corp. (TSX
VENTURE:QRE)(OTCQX:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") wishes to
announce the granting of incentive stock options to its directors, officers,
consultants and employees, under its Stock Option Plan, for the purchase of up
to 325,000 common shares of the Company for a period of 3 years at a price of
$0.30 per share.


Quantum Rare Earth Developments Corp., based in Vancouver, British Columbia, is
an exploration company with a focus on seeking out potential economic deposits
of niobium and rare earth elements in North America and elsewhere in the world.


On Behalf of the Board,

Peter Dickie, President, CEO

Niocorp Developments Ltd. (TSXV:QRE)
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Niocorp Developments Ltd. (TSXV:QRE)
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