Nordic Mining ASA - Share Issue/Capital Change 2016

Correction - Final result of the Rights Issue in Nordic Mining

Please observe that the final allocation of new shares in the Rights Issue has

been corrected to 131,728,003. Gross proceeds from the issue were approximately

NOK 65.9 million.

With reference to stock exchange release dated 24 June 2016 it is hereby

informed that the number of shares allocated in the Rights Issue in Nordic

Mining has been corrected to 131,728,003 new shares.

Following registration of the share capital increase in the Norwegian Register

of Business Enterprises, the share capital of Nordic Mining (after the

correction) will be NOK 51,723,280.80 divided into 517,232,808 shares, each with

a nominal value of NOK 0.10.

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

60 941.

Oslo, 27 June 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 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.

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