Nordic Mining ASA — Capital/Financing Update 2016

Jun 2, 2016

Key information relating to the preferential Rights Issue to be carried out by Nordic Mining ASA

Key information relating to the preferential Rights Issue to be carried out by Nordic Mining ASA

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|Date on which the terms and conditions of the preferential|2 June 2016 |

|  Rights Issue were announced: | |

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|Last day including subscription right: |3 June 2016 |

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|Ex-date: |6 June 2016 |

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|Record Date: |7 June 2016 |

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|Date of approval: |2 June 2016 |

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|Maximum number of new shares: |170 million shares|

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|Subscription price: |NOK 0.50 per share|

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|Will the subscription rights be listed - yes/no: |Yes |

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This information is published in accordance with the requirements of the

Continuing Obligations for companies listed on Oslo Axess.

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

60 941.

Oslo, 2 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 a large

-scale project development at Engebøfjellet in Sogn and Fjordane where the

Company has rights and permits to a substantial eclogite deposit with rutile and

garnet. Permits for the project have been granted by the Norwegian government.

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.