Nordic Mining ASA - Regulatory Filings 2021

Reserves of Keliber's largest lithium deposit increased by 55 percent

Keliber has today announced an update of the company's ore reserves estimate,

with an effective date as of 31 August 2021. The update is based on the revised

mineral resource estimate, published in May 2021. Keliber's total proven and

probable ore reserves have increased to 12.30 million tonnes, representing a

growth of 32 percent, compared to the previous estimate published in December

2019. The ore reserves of the largest lithium deposit, Rapasaari, have increased

by 55 percent.

Keliber's total proven and probable ore reserves are 12.30 million tonnes (2019:

9.37 million tonnes) at an average grade of 0.94% (2019: 0.98%) Li?O, using a

cut-off grade of 0.40% Li?O for the open pit ore reserves and a cut-off grade of

0.40-0.70% Li?O for the underground ore reserves. The Rapasaari deposit

represents 67% (2019: 56%) of Keliber's total ore reserves. Keliber's ore

reserve estimates comply with the JORC 2012 Code.

Keliber's press release is available at: https://www.keliber.fi/en/news/news

-releases-and-publications/90BE476062538F95/.

Nordic Mining holds 14.3% of the shares in Keliber Oy.

Oslo, 15 September 2021

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. The Company's project

portfolio is of high international standard and holds 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. Nordic Mining also holds 14.3% of the

shares in Keliber Oy, which is developing a lithium project in Finland to become

the first European producer of battery grade lithium hydroxide.

In addition, Nordic Mining holds interests in other initiatives at various

stages of development. This includes patented rights for a new technology for

production of alumina and exploration of seabed minerals.

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

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