Axactor SE

Changes in the management team of Nickel Mountain Group

PRESS RELEASE NMG DATED 2015-11-19

Reference is made to the stock exchange notice from Nickel Mountain Group AB

(publ.) ("NMG") on 16 October 2015 regarding the acquisition of ALD Abogados

S.L. and the new strategy and focus of NMG on debt collection. As announced, NMG

also intended to make changes to the management team. With effect from

today, Endre Rangnes is appointed as the Chief Executive Officer and Johnny

Tsolis is appointed as Head of Strategy and Projects.

Torbjörn Ranta will continue in NMG as responsible for the mineral exploration

business.

For and on behalf of the Board of Directors of Nickel Mountain Group AB

Torbjörn Ranta

For information, please contact Torbjörn Ranta

Tel: + 46 8 402 28 00

Cell Phone: +46 708 855504

Cautionary Statement: Statements and assumptions made in this document with

respect to Nickel Mountain Group AB's ("NMG") current plans, estimates,

strategies and beliefs, and other statements that are not historical facts, are

forward-looking statements about the future performance of NMG. Forward-looking

statements include, but are not limited to, those using words such as "may",

"might", "seeks", "expects", "anticipates", "estimates", "believes", "projects",

"plans", strategy", "forecast" and similar expressions. These statements reflect

management's expectations and assumptions in light of currently available

information. They are subject to a number of risks and uncertainties, including,

but not limited to, (i) changes in the economic, regulatory and political

environments in the countries where NMG operates; (ii) changes relating to the

geological information available in respect of the various projects undertaken;

(iii) NMG's continued ability to secure enough financing to carry on its

operations as a going concern; (iv) the success of its potential joint ventures

and alliances, if any; (v) metal prices, particularly as regards nickel. In the

light of the many risks and uncertainties surrounding any mineral project at an

early stage of its development, the actual results could differ materially from

those presented and forecast in this document. NMG assumes no unconditional

obligation to immediately update any such statements and/or forecasts.

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