Niocorp Developments Ltd (NB)

[Blairman]

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NioCorp Announces Management Changes7 minutes ago by Marketwire

NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB)(OTCQX: NIOBF)(FRANKFURT: BR3) is pleased to announce an update concerning senior management.

Effective immediately, Mr. Neal Shah has been appointed to the position of Interim Chief Financial Officer. Neal is a graduate of the University of Colorado's Mechanical Engineering program (BSME) and Purdue University's Krannert School of Management (MBA). With nearly 20 years of experience in various industries as diverse as high-tech to rare earths, his recent experience includes the positions of Senior Manager of Corporate Development and M&A and more recently the Director of Strategy and Business Planning at Molycorp's corporate offices in Greenwood Village, CO. Neal has been with NioCorp since September 2014, fulfilling the role of Vice President of Finance.

In addition, Mr. John Ashburn has been appointed Vice President, General Counsel and Corporate Secretary. Mr. Ashburn is an attorney with 35 years of experience, including 25 years in extractive industries. Most recently, Mr. Ashburn acted as Vice President, Chief Legal Officer and a member of the Board of Directors of Simbol, Inc., a privately held development stage Lithium production company. He previously served as Executive Vice President and General Counsel of Molycorp, Inc. and prior to that held senior legal positions with Chevron and Unocal Corporation. Mr. Ashburn holds a Juris Doctorate from Northern Illinois University, School of Law.

"With his educational background, diverse historical experience and recent time spent at NioCorp, Neal is an excellent person to take over the role of Interim CFO and help guide the Company forward as we work diligently towards feasibility," stated Mark Smith, Executive Chairman. "As another key addition to the team, John's business acumen, 'can do' attitude and legal experience will ensure our ability to move forward in developing the Elk Creek project and optimizing shareholder value."