Nordic Mining ASA — Share Issue/Capital Change 2016

Apr 1, 2016

Rights issue in Keliber oversubscribed

Rights issue in Keliber oversubscribed

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

successfully concluded a rights issue with gross proceeds of approximately EUR

2.9 million. Being Keliber's largest shareholder, Nordic Mining participated in

the rights issue pro rata to its 25% shareholding.

Subsequent of the recently completed pre-feasibility study ("PFS") for the

lithium project, Keliber has successfully concluded a rights issue with gross

proceeds of approximately EUR 2.9 million. A majority of the shareholders

participated in the share issue. Nordic Mining participated pro rata to its 25%

shareholding and remains the largest shareholder in Keliber.

The new financing will be used for further development work towards the bankable

feasibility study which is scheduled for completion mid-2017.

CEO Ivar S. Fossum comments: "The comprehensive groundwork laid down in the PFS

and the current dynamics in the lithium industry are an exciting background for

this equity issue. Together with the other shareholders, Nordic Mining will take

an active part to develop and position Keliber industrially and financially to

optimise the shareholder values. The forthcoming considerations could possibly

include evaluation of a listing/IPO of Keliber and/or partnership models, as

well as various grant schemes."

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

60 91.

Oslo, 1 April 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.