NioCorp grants options

January 12, 2012 – Vancouver, B.C.:  Quantum Rare Earth Developments Corp. (TSX.V – QRE, FSE – BR3) (“Quantum”, the “Company”) wishes to announce the granting of incentive stock options to its directors, officers, consultants and employees, under its 2012 Stock Option Plan, for the purchase of up to 1,250,000 common shares of the Company for a period of 3 years at a price of $0.20 per share.

On Behalf of the Board,

“Peter Dickie”
Peter Dickie, President, CEO

For further information, contact the Company at (604) 568-7365.  

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About Niobium


Niobium production is a multi-billion dollar a year market that is essential to the automotive, pipeline and construction industries.

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About Scandium


Scandium is a critical component in advanced fuel cell technologies and has numerous applications in the aerospace and transportation sectors.

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Address: 7000 S. Yosemite St. Suite 115
Centennial, CO 80112

General Inquiries:
(720) 639-4647

Investor Relations:
John Ashburn, VP and General Counsel
Telephone: (720) 639 4650