Niocan Inc. announced that it has amended its $2.345 million secured non-convertible debenture with Nio-Metals Holdings LLC dated February 19, 2013 (the "Amended Secured Debenture") to extend the maturity date from October 31, 2020 to June 30, 2021, subject to no other condition. Except for the maturity date, the other material terms and conditions of the Amended Secured Debenture have remained the same. No other accessory agreement was entered into with Nio-Metals or other associated entities of Nio-Metals in connection with the Amended Secured Debenture. The Amended Secured Debenture was approved by all the members of the Board of directors, except for the nominee of Nio-Metals given its interest in the matter, as the members considered it in the best interest of the Company.