Nordic Mining ASA - Capital/Financing Update 2019

Keliber appoints financial advisors for project financing

Nordic Mining's associated company, Keliber Oy ("Keliber"), has appointed

Carnegie Investment Bank AB and Nordea Bank Abp as advisors for the equity

financing of its lithium project. Together with Keliber, the advisors will

explore different financing options, including a possible Initial Public

Offering ("IPO").

Some months ago, Keliber appointed Northcott Capital Ltd. as the coordinator of

the debt financing of the project. Initial contact has been established with

relevant banks and other potential sources of debt financing, and assessment of

opportunities are ongoing.

"The appointment of financial advisors marks the start of the final phase

towards construction for Keliber's lithium project. Keliber is a pioneer in the

production of lithium for battery production in Europe," says Nordic Mining's

CEO Ivar S. Fossum.

Keliber's press release regarding the engagement of financial advisors can be

found here: https://www.keliber.fi/en/investors/news-releases-and

-publications/4644E2111685B2FE/

For questions please contact CEO Ivar S. Fossum, telephone +47 930 96 850.

Oslo, 4 February 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 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.

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. The definitive feasibility study was

initiated directly following completion of the prefeasibility study in October

2017. Nordic Mining's associated company Keliber completed the definitive

feasibility study for its lithium project in Finland in June 2018. 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".

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