Nordic Mining ASA - Major Shareholding Notification 2018

Change of the Finnish state's shareholding in Keliber

The Finnish state has transferred its shareholding in Keliber corresponding to

approximately 17.6% of the total shares in Keliber, from Tesi Industrial

Management to Finnish Minerals Group. For more information regarding the share

transfer, please see press releases today from Finnish Minerals Group and

Keliber:

https://www.mineralsgroup.fi/home/states-mining-industry-holdings-transferred-to

-finnish-minerals-group.html

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

-publications/A7F0B1C024E71529/

Nordic Mining owns approximately 22% and is the largest shareholder in Keliber.

Finnish Minerals Group is the second largest shareholder with approximately

17.6%.

For questions please contact CEO Ivar S. Fossum, telephone +47 930 96 850.

Oslo, 11 October 2018

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.

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. Permits for the project have been

granted by the Norwegian government. The definitive feasibility study was

initiated directly following completion of the prefeasibility study in October

2017. Nordic Mining's associated company Keliber completed the definitive

feasibility study for its lithium project in Finland in June 2018. Nordic Mining

has rights for exploration and production of high-purity quartz in Kvinnherad in

Norway. Further, the Company holds exploration rights at Reinfjord in northern

Norway where a prospective area of sulphide mineralisation has been discovered.

Nordic Mining is also exploring opportunities related to seabed mineral

resources.

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

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