QRE Niocorp Developments Ltd.

Quantum Rare Earth Developments Corp. (TSX
VENTURE:QRE)(OTCQX:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") has
announced that CEO, Peter Dickie, has been interviewed on CDTV, a financial
television news network. The interview is available at
http://www.cdtv.net/users/content/quantum-rare-earth-development-corp-ceo-and-president-peter-dickie.


In the interview, Dickie noted that a recent resource report on Quantum's
property at Elk Creek, Nebraska, has a 43-101 inferred resource of about 500
million kilograms of niobium. The current market price for niobium is over $40
per kilogram, Dickie said. Niobium has a range of strategic industrial uses,
including high-strength alloys in high-performance aircraft and as a steel
hardener in natural gas pipelines. Quantum has determined that its 14-square
mile site at Elk Creek also contains four primary rare earth elements:
lanthanum, cerium, praseodymium and neodymium. 


At present, a privately held mine in Brazil produces 80 to 85 percent of the
world's niobium. The current worldwide market for niobium is 100,000 tons per
year. Recent news reports concerning niobium and rare earth elements have
centered on the 2011 British Geological Society Risk List, which gives equal
risk assessments to the supplies of rare earth elements and niobium, in large
part because of the supply control exhibited by China over rare earth elements,
and with respect to niobium, due to the large portion of the world market
supplied by a single mine. 


On Behalf of the Board,

Peter Dickie, President, CEO

Cautionary note: This report may contain forward looking statements,
particularly those regarding cash flow, capital expenditures and investment
plans. Resource estimates, unless specifically noted, are considered
speculative. The company has filed a National Instrument 43-101 report on the
Archie Lake property, on the Elk Creek Carbonatite property, and intends to file
additional NI 43-101 reports on additional properties as soon as the information
is available. Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. By their nature, forward looking
statements involve risk and uncertainties because they relate to events and
depend on factors that will or may occur in the future. Actual results may vary
depending upon exploration activities, industry production, commodity demand and
pricing, currency exchange rates, and, but not limited to, general economic
factors. Cautionary Note to US investors: The U.S. Securities and Exchange
Commission specifically prohibits the use of certain terms, such as "reserves"
unless such figures are based upon actual production or formation tests and can
be shown to be economically and legally producible under existing economic and
operating conditions.

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