Nordic Mining ASA — Capital/Financing Update 2014

Jun 27, 2014

Successful equity issue in place for Keliber

Successful equity issue in place for Keliber

Nordic Mining's associated company Keliber Oy ("Keliber") in Finland has

successfully concluded an equity issue with gross proceeds of

approximately EUR 2.2 million; similar to approximately NOK 18.5

million. The new financing will be used for i.a. exploration drilling

and process optimisation test work. Keliber targets to finalise a pre

-feasibility study for the lithium project around year-end 2014 or early

Nordic Mining is currently focusing its financial resources on the

Engebø rutile project with the purpose to conclude activities related to

the government's request for supplementary information in connection

with the industrial area plan and the application for waste disposal. As

a consequence, Nordic Mining decided not to participate in the share

issue in Keliber. Following from that, Nordic Mining's shareholding in

Keliber has been reduced.

The share issue was mainly subscribed by existing shareholders in

Keliber. After the share issue, Nordic Mining remains the largest

shareholder in Keliber with 25.9%. Finnish Industry Investment Ltd. is

the second largest shareholder with 20.7%.

CEO Ivar S. Fossum comments: "We are satisfied that Keliber has obtained

additional financing for its ongoing project development work. We look

forward to the results from the ongoing drilling campaign and remain

confident that the resource base will be increased. We trust that the

scheduled pre-feasibility study will establish valuable parameters for a

profitable lithium project in Finland."

For further information please contact CFO Lars K. Grøndahl, telephone

+47 901 60 941.

Oslo, 27 June 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.