Nordic Mining ASA — Share Issue/Capital Change 2010

Mar 31, 2010

New share capital registered

Reference is made to stock exchange notice of 23 March 2010 regarding conclusion

of the over-subscribed subsequent offering in Nordic Mining.

The subsequent offering of 10,000,000 shares was done at a subscription price of

NOK 1.00. The par value of the issued shares is NOK 0.10. The share capital was

increased by NOK 1,000,000.

The capital increase has today been registered with the Register of Business

Enterprises, and the new shares are tradeable. Nordic Mining's share capital is

currently NOK 12,547,009.10.

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

Oslo, 31 March 2010

Nordic Mining ASA

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

(Norwegian Securities Trading Act)

[HUG#1399655]