Mandatory notification of trade

Reference is made to stock exchange release 23 March 2010 regarding closing and

over-subscription of the subsequent offering of new shares in Nordic Mining. The

management team in Nordic Mining has today been allocated new shares in the

issue as follows:

CEO Ivar S. Fossum has been allocated 150,000 shares at a subscription price of

NOK 1.00 per share. Fossum's new shareholding is 752,172 shares. In

addition, Fossum has option to buy in total 900,000 shares in Nordic Mining;

450,000 shares at a price of NOK 2.625 per share, and 450,000 shares at a price

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

CFO Lars K. Grøndahl has been allocated 365,000 shares at a subscription price

of NOK 1.00 per share. Grøndahl's new shareholding is 2,514,851 shares. In

addition, Grøndahl has option to buy in total 550,000 shares in Nordic Mining;

275,000 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.

VP Commercial Ottar Nakken has been allocated 150,000 shares at a subscription

price of NOK 1.00 per share. Nakken's new shareholding is 1,122,851 shares. 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.

VP Mining operation Paul I. Norkyn has been allocated 50,000 shares at a

subscription price of NOK 1.00 per share. Norkyn's new shareholding is 192,851

shares. In addition, Norkyn has option to buy in total 275,000 shares in Nordic

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

Exploration manager Mona Schanche has been allocated 14,105 shares at a

subscription price of NOK 1.00 per share. Schanche's new shareholding is 46,956

shares. In addition, Schanche has option to buy in total 150,000 shares in

Nordic Mining at a price of NOK 1.60 per share. The options are valid till June

For questions please contact CFO Lars K. Grøndahl, telephone +47 - 901 60 941.

Oslo, 25 March 2010

Nordic Mining ASA

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

(Norwegian Securities Trading Act)

[HUG#1397805]

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