Niocorp Developments Ltd (NB)

[Trofee]

New York-Based Lind Partners to Invest Additional US$2.5 Million in NioCorp Under Second Tranche of 2015 Financing

CENTENNIAL, Colo. (January 24, 2018) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) is pleased to announce that an entity managed by The Lind Partners, a New York-based asset management firm (together, “Lind”), will invest an additional US$2.5 million in the form of a convertible security (the “Convertible Security”) under the second and final tranche (the “Second Tranche”) of the convertible security funding agreement between NioCorp and Lind dated December 14, 2015, as amended (the "Agreement"). In addition, NioCorp has received conditional approval from the Toronto Stock Exchange for certain amendments to the Agreement, which, among other things, provide for additional funding of up to US$2 million as part of the Second Tranche, subject to certain conditions, for total gross proceeds to the Company of up to US$4.5 million.

On Behalf of the Board of Directors

“Mark Smith”

Mark Smith
Executive Chairman, CEO and Director