Nordic Mining ASA — Share Issue/Capital Change 2016

Dec 2, 2016

Successful share issue in Keliber

Successful share issue in Keliber

Nordic Mining's associated lithium company Keliber Oy ("Keliber") has

successfully concluded a share issue with gross proceeds of EUR 2.96 million.

Subsequent of the share issue, Nordic Mining's shareholding in Keliber is

approximately 25.1%.

Keliber has successfully concluded a share issue with gross proceeds of EUR 2.96

million. The share issue was subscribed by the existing shareholders of the

company. Nordic Mining participated in the share issue and remains the largest

shareholder in Keliber. Subsequent of the share issue, Nordic Mining's

shareholding in Keliber is approximately 25.1%.

CEO Ivar S. Fossum comments: "We are excited about the progress in Keliber and

the positive outlook for the lithium industry as a provider for a greener

society."

The new financing will be used for the ongoing definitive feasibility study

("DFS"), the environmental permitting process related to the future operations,

and other activities in connection with the lithium project. The DFS is

scheduled for completion in Q2 2017.

In total, approximately 74,000 new shares have been allocated to eligible

subscribers in the share issue. Subsequent of the share issue Keliber has around

829.000 shares.

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

60 91.

Oslo, 2 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".