Nordic Mining ASA

AGM Information • Mar 3, 2023

Summons to Extraordinary General Meeting - Subsequent Offering

Summons to Extraordinary General Meeting - Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES (OR ANY OTHER

JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Reference is made to Nordic Mining ASA's ("Nordic Mining" or the "Company")

stock exchange release on 3 March 2023 regarding the successful private

placement ("Private Placement").

The Board has today resolved to propose a subsequent offering of up to

216,666,667 new shares which, if applicable and subject to applicable securities

laws, will be directed towards existing shareholders in the Company as of the

end of trading 2 March 2023 (as registered in the VPS 6 March 2023), who (i) did

not participate in the market sounding of the Private Placement, (ii) are not

allocated new shares in the Private Placement and (iii) are not resident in a

jurisdiction where such offering would be unlawful, or would (in jurisdictions

other than Norway) require any prospectus filing, registration or similar action

(the "Subsequent Offering"). The subscription price in the Subsequent Offering

will be equal to the subscription price in the Private Placement. The Subsequent

Offering will be subject to (i) a resolution by the extraordinary general

meeting of the Company to be held on 30 March 2023, (ii) the prevailing market

price of the Company's shares and (iii) approval and publication of a

prospectus. The subscription period in the Subsequent Offering is expected to

commence following approval of the Subsequent Offering by the extraordinary

general meeting.

Please find enclosed summons to the general meeting with agenda the Subsequent

Offering.

For further information, please contact CFO Christian Gjerde, telephone +47 980

60 909.

Oslo, 3 March 2023

Nordic Mining ASA

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act.

Nordic Mining ASA (www.nordicmining.com)

Nordic Mining ASA ("Nordic Mining" or the "Company") is a resource company with

focus on high-end industrial minerals and metals. The Company's project

portfolio is of high international standard and holds significant economic

potential. The Company's assets are in the Nordic region.

Nordic Mining is undertaking a large-scale project development at Engebø on the

west coast of Norway where the Company has rights and permits to a substantial

eclogite deposit with rutile and garnet. In addition, Nordic Mining holds

interests in other initiatives at various stages of development. This includes

patented rights for a new technology for production of alumina and exploration

of seabed minerals.

Nordic Mining is listed on Euronext Expand Oslo with ticker symbol "NOM".