Nordic Mining ASA - Capital/Financing Update 2016

Reminder; expiry of subscription period in ongoing Rights Issue on Thursday 23 June 2016

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

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

Reference is made to previous announcements in respect of the ongoing Rights

Issue of up to 170,000,000 new shares in Nordic Mining ASA ("Nordic Mining").

The subscription period for the Rights Issue will expire on Thursday 23 June

2016 at 16:30 (CET). Correctly completed subscription forms must be received by

Swedbank, or in the case of online subscriptions, be registered within this

deadline.

Subscription rights that are not used to subscribe for new shares before the

expiry of the subscription period on 23 June 2016 at 16:30 (CET) will have no

value and will lapse without compensation to the holder.

For more information, please refer to the Prospectus for the Rights Issue dated

7 June 2016.

For further information please contact CFO Lars K. Grøndahl, telephone +47 901

60 941.

Oslo, 22 June 2016

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 high international standard and holds a

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

Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking large-scale

project development at Engebø in Sogn and Fjordane where the Company has rights

to a substantial eclogite deposit with rutile and garnet. Permits for the

project were granted by the Norwegian government in April 2015. 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 on the Øksfjord Peninsula 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.

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