Nordic Mining ASA — Share Issue/Capital Change 2015

Nov 4, 2015

New share capital registered

New share capital registered

The Rights Issue in Nordic Mining is now completed and the new shares will be

listed on Oslo Axess.

Reference is made to stock exchange notice 28 October 2015 regarding the final

result and the substantial oversubscription of the Rights Issue in Nordic

Mining. The Rights Issue of 77,000,000 new shares was done at a subscription

price of NOK 0.45 per share. The par value of the issued shares is NOK 0.10.

Nordic Mining's share capital was increased by NOK 7,700,000.

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

Business Enterprises. Nordic Mining's share capital is currently NOK

38,550,480.50 divided into 385,504,805 shares, each with a par value of NOK

0.10.

The new shares will be tradable when they have been transferred to the VPS

accounts of the investors; such transfer is expected to be executed today, 4

November 2015.

Through the Rights Issue, Nordic Mining will receive proceeds of NOK 34.65

million before deduction of transaction costs.

Swedbank is appointed manager and Kvale Advokatfirma is legal advisor for the

transaction.

For further information please contact CFO Lars K. Grøndahl, telephone +47 901

60 941.

Oslo, 4 November 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.