Nordic Mining ASA — Capital/Financing Update 2014

Nov 5, 2014

Extension of subscription period in the ongoing Rights Issue

Extension of subscription period in the ongoing Rights Issue

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

DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

Reference is made to Nordic Mining's announcement 28 October 2014

regarding approved Prospectus and start of subscription period for the

Rights Issue.

The subscription period for the Rights Issue was initially set to expire

on 12 November 2014 at 16:30 (CET). In accordance with the terms for the

Rights Issue and due to today's issuance of the Supplemental Prospectus,

the company has resolved to extend the subscription period. The new

subscription period will expire on 14 November 2014 at 16:30 (CET). The

new period for trading in subscription rights will expire on 12 November

2014 at 16:30 hours (CET).

As a consequence of the extension of the subscription period, the

allocation date, the payment date, the date of delivery of offer shares

and listing will be extended correspondingly. For further information we

refer to the Supplemental Prospectus.

For questions please contact CFO Lars K. Grøndahl, telephone +47 901 60

Oslo, 5 November 2014

Nordic Mining ASA

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 in Norway

and internationally. The Company's project portfolio is of a high

international standard and holds a significant economic potential. The

Company's assets are mainly in the Nordic region.

Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking

large-scale project development at Engebøfjellet in Sogn and Fjordane

where the Company has rights to a substantial eclogite deposit with

rutile and garnet. Nordic Mining has rights for exploration and

production of high-purity quartz in Kvinnherad in Hordaland and develops

the project through its subsidiary Nordic Quartz AS. Nordic Mining's

associated company Keliber Oy in Finland plans to start mining of

lithium bearing spodumene and production of lithium carbonate. Nordic

Mining holds exploration rights in the Øksfjord region in Troms and

Finnmark where the Company has discovered a prospective area of sulphide

mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic

Mining is exploring opportunities related to seabed mineral resources.

Nordic Mining is listed on Oslo Axess.