Nordic Mining ASA - Share Issue/Capital Change 2016

KEY INFORMATION RELATING TO THE REVERSE SHARE SPLIT IN NORDIC MINING ASA

Reference is made to the stock exchange release made on 5 December 2016

containing the minutes from the extraordinary general meeting and the resolution

regarding a reverse share split with a ratio of 6:1.

The company has resolved that the reverse split shall be implemented based on

the key dates set out below:

· Date on which the corporate action was made public: 5 December 2016

· Reverse split ratio: 6:1 (6 existing shares give 1 new share)

· Last day including right: 7 December 2016

· Ex-date: 8 December 2016

· Record date: 9 December 2016

· Date of approval: 5 December 2016

· Other information: After the completion of the reverse split, the company

will have 86,205,468 shares outstanding, each with a nominal value of NOK 0.60.

This information is published in accordance with the requirements in the

Continuing Obligations.

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

Oslo, 6 December 2016

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 a large

-scale project development at Engebøfjellet in Sogn and Fjordane 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.

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 with ticker symbol "NOM".

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