Nordic Mining ASA — Share Issue/Capital Change 2015

Apr 8, 2015

Increased resource estimates for Keliber

Increased resource estimates for Keliber

Keliber has reported an increased indicated mineral resource estimate for its

Rapasaari deposit and increased lithium grade for its Syväjärvi deposit. In

total, the estimates for Keliber's indicated mineral resources have increased

with around 20%.

In the winter season 2014/2015, Keliber (www.keliber.fi) drilled approximately

2,700 meters in the Rapasaari lithium deposit. The Competent Persons' revised

estimate for Rapasaari in accordance with the JORC Code 2012 (cut-off grade of

0.5% Li2O; specific gravidity of 2.70) has been increased from 922,000 tonnes to

1,960,000 tonnes at a grade of 1.25% Li2O.

Further, the results from re-analysis of drill cores from the Syväjärvi deposit

have confirmed an increase of the lithium grade from 1.22% to 1.34% Li2O. The

indicated mineral resource at Syväjärvi, previously estimated to 1,664,000

tonnes, was marginally increased to 1,668,000 tonnes in accordance with the JORC

Code 2012, and based on the same cut-off grade and gravidity factor as mentioned

above.

The Rapasaari and Syväjärvi deposits can both be mined as conventional open

pits.

The Competent Persons responsible for the mineral estimations are Markku

Meriläinen (MAusIMM) and Pekka Lovén (MAusIMM).

In total, Keliber's estimated mineral resources in the measured and indicated

categories now exceed 6.2 million tonnes (JORC Code 2004 and 2012 combined) at

an average grade of 1.26% Li2O.

Nordic Mining holds approximately 25% of the shares in Keliber.

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

+47 90160941.

Oslo, 8 April 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 a high international standard and holds a

significant economic potential. The Company's assets are mainly in the Nordic

region.

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

project development at Engebøfjellet in Sogn and Fjordane where the Company has

rights to a substantial eclogite deposit with rutile and garnet. 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 in the Øksfjord region 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.