QRE Niocorp Developments Ltd.

Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(FRANKFURT: BR3) ("Quantum", the "Company") is pleased to announce that is has commenced trading on the Frankfurt Stock Exchange ("FWB" - Frankfurter Wertpapierboerse) in Germany under the trading symbol "BR3".

Peter Dickie, CEO, said, "The listing on the Frankfurt Stock Exchange is another milestone in the long term growth strategy of our company. There is significant interest in Rare Earth projects among European companies and investors, the listing will strongly increase the Company's visibility and investor base within the European market."

Quantum has, subject to regulatory approval, retained AXINO AG to provide investor relations services. AXINO will present Quantum in Germany and other European countries, disseminating investor relations information and creating awareness of Quantum in the European financial community.

AXINO will be responsible for maintaining timely contact with Quantum's shareholders, potential investors and investment community professionals. AXINO will receive compensation of 30,000 euros for an initial term of 12 months starting March 1, 2010, as well as 300,000 incentive stock options under the company's 2009 stock option plan at an exercise price of 50 cents per share exercisable for a period of two years. AXINO has advised Quantum that it does not hold directly or indirectly any shares of Quantum and that it do not have any right to acquire any shares.

"AXINO is pleased to introduce Quantum throughout the European financial communities. We see this as an excellent opportunity for Quantum to increase and diversify its shareholder base to include both retail and institutional investors with differing investment strategies," said Wolfgang Seybold, president and chief executive officer of AXINO.

About AXINO AG

AXINO AG is a privately owned full-service investor relations firm based in Stuttgart, Germany. It specializes in representing resource sector companies that wish to obtain investor exposure and develop a shareholder following in the European financial markets with a special focus on the German-speaking financial communities. AXINO's clients in the resource sector include; Agnico-Eagle Mines Ltd., Endeavour Silver Corp., Monument Mining Ltd., Tiger Resources Ltd., Yukon-Nevada Gold Corp. and others.

On Behalf of the Board,

Peter Dickie, President

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contacts: Quantum Rare Earth Developments Corp. Peter Dickie President and CEO (604) 669-9330 (604) 669-9335 (FAX)