Nordic Mining ASA - Capital/Financing Update 2019

Engagement of financial debt advisor

Nordic Mining ASA has today entered into an agreement with Northcott Capital Ltd

("Northcott") for provision of financial advisory services with respect to debt

financing of the Engebø rutile and garnet project.

CFO, Birte Norheim, states: "We are pleased to partner with independent and

reputable advisor Northcott for debt funding of the Engebø project. Completion

of project financing is subject to finalization of the definitive feasibility

study, and we are now speeding up the preparatory workstreams to secure the debt

financing."

Northcott is a UK-based independent financial advisor within the metals and

mining industry with a solid track record including advising on 55 global

transactions in 37 countries and raising USD 15bn in capital for its clients.

Please see http://www.northcottcapital.com/ for more information about

Northcott.

For questions please contact CFO Birte Norheim, telephone +47 952 93 321.

Oslo, 30 January 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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