Niocan Announces Election of Directors

MONTREAL, QUEBEC--(Marketwired - June 5, 2014) - In accordance with the Toronto Stock Exchange Company Manual, Niocan Inc. (TSX:NIO) is issuing this news release to disclose that the nominees listed in its Management Proxy Circular dated April 24, 2014 were elected as its Directors. The detailed results of the vote at its Annual Meeting of Shareholders held earlier today in Montreal, Quebec are set forth below.

In accordance with the Corporation's By-Law No. 1, the Corporation's Board of Directors determined by resolution adopted on April 25, 2014 that as of the date of its Annual General Meeting of the Shareholders, the Corporation's Board of Directors shall be made up of four Directors. The following four Director nominees were proposed by management: Joel Bell, Remo Mancini, Hubert Marleau and Mark D. Wallace. The following 2 Director nominees were proposed during the Meeting by certain shareholders: Robert Tremblay and René Dufour.

The results of the vote conducted by ballot were the following:

The following Director nominees were re-elected as Directors of the Corporation: Joel Bell, Remo Mancini, Hubert Marleau and Mark D. Wallace.

FORWARD LOOKING STATEMENTS

Certain statements contained in this press release are forward-looking and are subject to numerous risks and uncertainties, know and unknown. For information identifying known risks and uncertainties, relating to the issuance by the Ministry of Environment of the Certificate of Authorization to build the mine in Oka, financial resources, market prices, exchange rates, politico-social conflicts, competition, regulatory approvals, the purchase of the old St-Lawrence Columbium mine site from the Municipality of Oka should the Certificate of Authorization be issued, and other important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk and Uncertainties Section of the Corporation's most recent Management's Discussion and Analysis, which may be found at www.sedar.com. Consequently, actual results may differ materially from the anticipated results expressed in these forward-looking statements.