Nordic Mining ASA - Share Issue/Capital Change 2018

PRELIMINARY RESULT OF RIGHTS ISSUE

Reference is made to previous stock exchange announcements regarding the rights

issue (the "Rights Issue") by Nordic Mining ASA (the "Company") of up to

17,391,304 new shares (the "Offer Shares") at a subscription price of NOK 2.30

per Offer Share.

The subscription period for the Subsequent Offering expired today 20 November

2018 at 16:30 hours (CET). Preliminary counting indicates that the Company has

received subscriptions for approximately 18.1 million Offer Shares at the end of

the subscription period. The Subsequent Offering has consequently been

oversubscribed.

The final result of allocation of the Offer Shares is expected to be published

on 21 November 2018. Notices of allocation of Offer Shares and the corresponding

subscription amount to be paid by each individual subscriber will be distributed

on 21 November 2018. Payment for the Offer Shares is due on 23 November 2018.

Carnegie AS and Clarksons Platou Securities AS are joint managers and Kvale

Advokatfirma is legal advisor for the Rights Issue.

For questions please contact Birte Norheim, CFO, telephone +47 9529 3321.

Oslo, 20 November 2018

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.

Nordic Mining is undertaking a large-scale project development at Engebø on the

west coast of Norway 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. The definitive feasibility study was

initiated directly following completion of the prefeasibility study in October

2017. Nordic Mining's associated company Keliber completed the definitive

feasibility study for its lithium project in Finland in June 2018. Nordic Mining

has rights for exploration and production of high-purity quartz in Kvinnherad in

Norway. Further, the Company holds exploration rights at Reinfjord in northern

Norway where a prospective area of sulphide mineralisation has been discovered.

Nordic Mining is also exploring opportunities related to seabed mineral

resources.

Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".

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