Nordic Mining ASA — Director's Dealing 2014

Nov 18, 2014

Mandatory notification of trade

Mandatory notification of trade

Primary insiders have been allocated in total approximately 0.8 million

new shares in the Rights Issue.

Reference is made to stock exchange release today in connection with the

completed Rights Issue in Nordic Mining on 14 November 2014.

Below is an overview of allocation of shares to primary insiders in the

completed Rights Issue:

+--------------------+---------+------------+-------------+------------

-+

|Name/position |Number of|New |Number of |Number of

|

| |shares |shareholding|options @ NOK|options @

NOK|

| |allocated| |0.90 (1) |1.80 (2)

|

| |in the | | |

|

| |Rights | | |

|

| |Issue | | |

|

+--------------------+---------+------------+-------------+------------

-+

|Tarmo Tuominen |7,753 |85,430 | |

|

|(3)(Chairman) | | | |

|

+--------------------+---------+------------+-------------+------------

-+

|Mari Thjømøe (4) |11,346 |111,346 | |

|

|(Board member) | | | |

|

+--------------------+---------+------------+-------------+------------

-+

|Hilde Myrberg |56,841 |56,841 | |

|

|(Board member) | | | |

|

+--------------------+---------+------------+-------------+------------

-+

|Tore Viana |50,000 |195,000 | |

|

|-Rønningen  (Board | | | |

|

|member) (5) | | | |

|

+--------------------+---------+------------+-------------+------------

-+

|Ivar S. Fossum |173,153 |1,699,030 |3,000,000 |1,500,000

|

|(CEO) | | | |

|

+--------------------+---------+------------+-------------+------------

-+

|Lars K. Grøndahl |500,000 |5,200,000 |2,000,000 |500,000

|

|(6)(CFO) | | | |

|

+--------------------+---------+------------+-------------+------------

-+

|Mona |15,011 |147,317 |2,000,000 |500,000

|

|Schanche(Exploration| | | |

|

|Manager) | | | |

|

+--------------------+---------+------------+-------------+------------

-+

(1) Each option entitles the holder to subscribe for one share in Nordic

Mining ASA at a subscription price of NOK 0.90 per share. The options

are valid until 18 May 2016.

(2) Each option entitles the holder to subscribe for one share in Nordic

Mining ASA at a subscription price of NOK 1.80 per share. The options

are valid until 18 May 2016.

(3) The number of allocated shares is in accordance with Mr. Tuominen's

allocated subscription rights. The allocation to Mr. Tuominen based on

oversubscription will be informed later based on information from the

account controller.

(4) The shares are owned through the company ThjømøeKranen AS.

(5) The shares are owned through the company ETVR Invest AS.

(6) The shares and options are owned through the company Magil AS.

All shares have been purchased at a price of NOK 0.60 per share.

For further information please contact CFO Lars K. Grøndahl, telephone

+47 901 60 941.

Oslo, 18 November 2014

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 a high

international standard and holds a significant economic potential. The

Company's assets are mainly in the Nordic region.

Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking

large-scale project development at Engebøfjellet in Sogn and Fjordane

where the Company has rights to a substantial eclogite deposit with

rutile and garnet. Nordic Mining has rights for exploration and

production of high-purity quartz in Kvinnherad in Hordaland and develops

the project through its subsidiary Nordic Quartz AS. Nordic Mining's

associated company Keliber Oy in Finland plans to start mining of

lithium bearing spodumene and production of lithium carbonate. Nordic

Mining holds exploration rights in the Øksfjord region in Troms and

Finnmark where the Company has discovered a prospective area of sulphide

mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic

Mining is exploring opportunities related to seabed mineral resources.

Nordic Mining is listed on Oslo Axess.