Nordic Mining ASA - Capital/Financing Update 2020

Keliber granted EUR 2.6 million from Business Finland

Keliber has been granted up to EUR 2.6 million from Business Finland for the

development of the company's lithium project.

The project is part of the first pan-European battery research and innovation

project (IPCEI - Important Project of Common European Interest), which aims at

building a sustainable, innovative and competitive battery ecosystem in Europe.

On December 9, 2019, the European Commission approved a EUR 3.2 billion grant

scheme from seven member states for battery research and innovation projects.

Keliber is one of 17 companies involved in the project.

Keliber's full announcement is available at

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

Nordic Mining ASA holds an investment of 18.5% in Keliber.

Oslo, 12 March 2020

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 and exploration of seabed minerals.

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

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