Mr. Peter Dickie reports

NioCorp Closes Second Tranche of Private PlacementSecon

NioCorp Developments Ltd. has closed the second and final tranche of its brokered private placement financing, previously announced on Sept. 23, 2013, for gross proceeds of $725,550 (U.S.), bringing the total raised in both tranched to $1,653,542 (U.S.).

The second tranche consists of the issuance of 4,837,000 common shares at a price of 15 U.S. cents per share.

Mark Smith, chief executive officer and director of the company, subscribed for a total of 3.4 million shares in the second tranche, for gross proceeds of $510,000 (U.S.). Peter Dickie, president, corporate secretary and director of the company, subscribed for a total of 350,000 shares in the second tranche, for proceeds of $52,500 (U.S.).

All securities issued pursuant to the second tranche are subject to a hold period expiring on April 24, 2014, being four