Nordic Mining ASA - M&A Activity 2015

Assignment of advisor to explore strategic/financial options

Nordic Mining has assigned Swedbank Norway as financial advisor to assist in

exploring alternatives with regards to potential financial or strategic

investors and/or partners and to carry out a review of strategic alternatives.

CEO Ivar S. Fossum comments: "Nordic Mining's Engebø project is a world-class

rutile deposit. After receiving the support of the Norwegian government as well

as the required permits in April 2015, we look forward to progressing the

project. In that respect, the initiation of a review of financing and strategic

alternatives will allow us to explore various options with the aim of unlocking

values of the company's underlying assets for the benefit of our shareholders."

There is no assurance that the aforementioned will result in a transaction.

Nordic Mining does not expect to update the market with any further information

on this process unless and until its Board of Directors has approved a specific

transaction or otherwise deemed disclosure appropriate or necessary.

For further information please contact CFO Lars K. Grøndahl, Nordic Mining on

telephone +47-90160941, or Ove Gusevik, Head of Corporate Finance, Swedbank on

telephone +47 23238039 / +47 91555062 (or email [email protected]).

Oslo, 14 August 2015

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.

Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking large-scale

project development at Engebø in Sogn and Fjordane where the Company has rights

to a substantial eclogite deposit with rutile and garnet. Permits for the

project were granted by the Norwegian government in April 2015. 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 on the Øksfjord Peninsula 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.

AI assistant