QRE Niocorp Developments Ltd.

Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(PINK
SHEETS:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") is pleased to announce
the addition of Mr. James Allan M.Sc. P.Eng, to the Company's Board of
Directors.


Mr. Allan holds a BASc (Geological Engineering), from the University of British
Columbia and a MSc (Geology, Engineering) from Queen's University. He is a
Registered Professional Engineer, belonging to the Association of Professional
Engineers, Geologists and Geophysicists of Alberta (APEGGA). 


As a geological engineer, Mr. Allan has over 45 years of experience with several
major mining and petroleum companies and as an independent consultant in mining
exploration and exploration management, mineral property evaluation and mining
geology. He has conducted and managed exploration and evaluation programs for a
wide variety of mineral commodities in Canada, the United States, Latin America,
the Philippines, Malaysia, Australia and the former Soviet Union including
Russia. 


Mr. Allan also has extensive experience in the exploration for, and evaluation
of, rare earth deposits both as manager of exploration in Canada for a large
rare earth company (Molycorp Canada) from 1982 to 1990 and as an independent
consultant. 


"We are extremely pleased to have Jim join us in our development of the
Company's assets," states Peter Dickie, President and CEO of Quantum. "Jim's
experience with Molycorp and knowledge of our Elk Creek acquisition will help
bolster the team preparing to advance the project."


One of the first segments of his activities with the Company will be organizing
and overseeing a complete compilation of all of the data from previous
exploration work done by Molycorp on the Elk Creek Project in Nebraska. A site
visit is currently being planned to the University of Nebraska where all the
data and core is located in secure storage.


Mr. Allan replaces Patrick Morris who has resigned to pursue other ventures. The
Board thanks Mr. Morris for his past contributions.


On Behalf of the Board,

Peter Dickie, President, CEO

Niocorp Developments Ltd. (TSXV:QRE)
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