Nordic Mining ASA

Remuneration Information • Jun 19, 2025

Nordic Mining ASA: Award of options to key employees and board members

Nordic Mining ASA: Award of options to key employees and board members

Today, the below primary insiders of Nordic Mining ASA ("Company") have been

awarded and entered into option agreements setting out the terms and conditions

for the following number of options:

· Finn Ivar Marum, CEO, has been awarded 900,000 options, following which he

holds 900,000 options in the Company

· Tord Meling, CFO, has been awarded 500,000 options, following which he holds

500,000 options in the Company

· Kenneth Nakken Angedal, Managing Director Engebø Rutile and Garnet AS, has

been awarded 400,000 options, following which he holds 400,000 options and

22 291 shares in the Company

· Kjell Roland, chair of the board, has been awarded 300,000 options,

following which he holds 300,000 options and 29 523 shares in the Company

· Kjell Sletsjøe, deputy chair of the board, has been awarded 200,000 options,

following which he holds 200,000 options and 17 750 shares in the Company

· Bendicte Nordang, member of the board, has been awarded 200,000 options,

following which she holds 200,000 options in the Company

· Ingrid Eva Kaijser, member of the board, has been awarded 200,000 options,

following which she holds 200,000 options in the Company

· Tom Lileng, member of the board, has been awarded 200,000 options, following

which he holds 200,000 options in the Company

The main terms of the option agreements are as follows:

· The options have a duration of three-years and will vest as follows; 1/3 on

June 30, 2025, 1/3 on June 30, 2026 and 1/3 on June 30, 2027.

· The vesting of and right to exercise options are conditional on the option

holder being employed with - or not in the notice period in - the Company group

or a member of the Company's board of directors, as the case may be, at the date

of vesting and exercise.

· The subscription price for each share subscribed shall be equal to NOK

22,9179, being the 10-day volume weighted average share price of the Company

share prior to the award date.

This information is subject to the disclosure requirements pursuant to Article

19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian

Securities Trading Act.

Oslo, June 19[th], 2025

Nordic Mining ASA

Nordic Mining ASA ("Nordic Mining" or the "Company") (www.nordicmining.com) 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 construction project 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 high purity quartz. Nordic Mining is listed on Euronext Oslo Børs with ticker

symbol "NOM".