Nordic Mining ASA — Director's Dealing 2010

Jan 11, 2010

Mandatory notification of trade

VP Commercial Ottar Nakken has today purchased 45,000 shares in Nordic Mining

ASA at an average price of NOK 1.317 per share. After the purchase Nakken holds

972,851 shares in Nordic Mining. In addition, Nakken has option to buy in total

550,000 shares in Nordic Mining; 215,000 shares at a price of NOK 3.15 per

share, 60,000 shares at a price of NOK 2.625 per share, and 275,000 shares at a

price of NOK 1.60 per share. The options are valid till June 2010.

Oslo, 11 January 2010

Nordic Mining ASA

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1372310]