NioCorp to Broadcast Update on Its Elk Creek, Nebraska Superalloy Materials Project in a Global Webcast on February 23, 2016

CENTENNIAL, Colo., Feb. 09, 2016 -- NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) announced today that it will broadcast an update on its Elk Creek, Nebraska superalloy materials project to investors and others in a global webcast on February 23, 2016, following the conclusion of its 2016 Annual General and Special Meeting ("Annual Meeting").

The Elk Creek Project is expected to produce niobium, scandium, and titanium, which are technology metals used in superalloys and in a variety of applications in the automotive, aerospace, defense, construction, clean energy, medical, oil and gas, and other industries.

Providing the update will be Mark Smith, CEO and Executive Chairman of NioCorp Developments Ltd., and Scott Honan, President of Elk Creek Resources Corp., the wholly-owned operating subsidiary that is overseeing the Elk Creek Project.

The live, listen-only webcast will begin at 10:30 a.m. MST, following the conclusion of NioCorp's 2016 Annual Meeting. The webcast will feature a presentation by Mr. Smith and Mr. Honan, as well as a question-and-answer session with investors in attendance at the Annual Meeting. More information on the NioCorp Annual Meeting can be seen here.

Investors and others wishing to view the webinar must pre-register here:  https://attendee.gotowebinar.com/register/2298956040844614657

“Mark Smith”

Mark Smith
Executive Chairman, CEO and Director

@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek

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
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For More Information
Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd., 720-639-4650, [email protected]