Nordic Mining ASA — Capital/Financing Update 2019

Jun 26, 2019

DEFINITIVE FEASIBILITY STUDY UPDATE - DESIGN PARAMETERS FINALIZED

DEFINITIVE FEASIBILITY STUDY UPDATE - DESIGN PARAMETERS FINALIZED

Nordic Mining has finalized the major test programs for the definitive

feasibility study including process optimization and ore variability testing at

IHC-Robbins in Australia. A repeatability demonstration program confirming that

the flow sheet can be replicated at a different metallurgical facility has also

been completed.

The metallurgical test work programs demonstrate that Nordic Mining is able to

produce rutile and garnet concentrates from the different ore types that meet

strict market requirements.

The test work results support the design parameters which is currently at the

engineering stage. The design parameters drive the detailed mine optimization

and specification of equipment sizing. The mining plan will include a stockpile

strategy for increased resource utilization.

Based on the design parameter, requests for quotations are issued in the market

to firm up the capex estimates in the definitive feasibility study. The major

amounts of requests have been issued over the last months and feedback from

potential equipment suppliers has been good. Requests for quotations for the key

construction contracts will be issued in the near future.

Nordic Mining's CEO, Ivar S. Fossum comments "The test work proved to be more

challenging than initially anticipated, particularly in relation to the

performance of garnet yields and particle size distributions. The Barton Group

has been a solid and supportive partner in enabling successful optimization of

the garnet processing and in demonstrating quality of the products to be

produced from Engebø."

For questions please contact Project Manager Engebø, Kenneth A. Nakken, at +47

9264 0645.

Oslo, 26 June 2019

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. The Company's project

portfolio is of high international standard and holds significant economic

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

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. Nordic Mining also holds 18.5% of the

shares in Keliber Oy, which is developing a lithium project in Finland to become

the first European producer of battery grade lithium hydroxide.

In addition, Nordic Mining holds interests in other initiatives at various

stages of development. This includes patented rights for a new technology for

production of alumina which are jointly owned with the Institute for Energy

Technology. The Group has also taken initiatives related to seabed mineral

exploration in Norway and participates in the MarMine research project. Further,

the Group is investigating a high-quality quartz deposit in Kvinnherad in

western Norway and holds exploration rights for nickel and PGE in a prospective

geologic province in Reinfjord in northern Norway.

Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".