Nordic Mining ASA — Capital/Financing Update 2018

Oct 11, 2018

NORDIC MINING ASA: KEY INFORMATION ABOUT THE PREFERENTIAL RIGHTS ISSUE

NORDIC MINING ASA: KEY INFORMATION ABOUT THE PREFERENTIAL RIGHTS ISSUE

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

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER

JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Date on which the terms and conditions of the preferential rights issue were

announced: 11 October 2018

Last day including right: 1 November 2018

Ex-date: 2 November 2018

Record Date: 5 November 2018

Date of approval: 1 November 2018

Maximum number of new shares: 17,391,304

Subscription price: NOK 2.30 per new share

Will the rights be listed - yes/no: Yes

Other information: Reference is made to the notice of the extraordinary general

meeting in Nordic Mining ASA announced through a stock exchange notification on

11 October 2018 for further information regarding the rights issue.

Oslo, 11 October 2018

Nordic Mining ASA

Important information:

This release is an announcement issued pursuant to legal information

obligations, and is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

About Nordic Mining (www.nordicmining.com)

Nordic Mining is a resource company with a focus on high-end industrial minerals

and metals in Norway and internationally. The Company's project portfolio is of

high international standard and holds significant economic potential. Nordic

Mining is undertaking a large-scale project development at Engebø on the west

coast of Norway 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, and a prefeasibility study was completed in

October 2017. Nordic Mining's associated company Keliber in Finland is in the

process of completing its definitive feasibility study and preparing for

production of lithium carbonate. Nordic Mining has rights for exploration and

production of high-purity quartz in Kvinnherad in Norway. Further, the Company

holds exploration rights at Reinfjord in northern Norway where a prospective

area of sulphide mineralisation has been discovered. Nordic Mining is also

exploring opportunities related to seabed mineral resources. Nordic Mining is

listed on Oslo Axess with ticker symbol "NOM".