Niocorp Developments Ltd (NB)

[ANTLER]

I drove out to the mine site tonight and noticed that there was a drilling rig on the property to the west of the land currently owned by Niocorp. From the road, I could see three places where it appeared that holes had been already drilled. The drilling that I saw was all within the section that will be included in our future mine site.

I sent the following to Jim Sims, I drove by the mine site today and noticed that there was what appeared to be a drilling rig on the property to the west on the land currently owned by Niocorp. From the road it appeared to me that several holes had been drilled in the area. Can you confirm or deny that this activity is in support of our mining project? If it is Niocorp sponsored can you tell me what the purpose of the drilling is?

Jim replied less than an hour ago. His reply follows: "We have been conducting geotechnical drilling across the site. We are almost done and I will issue something discussing that and the results shortly."