Nordic Mining ASA — Share Issue/Capital Change 2018

Nov 14, 2018

Primary insider notification - Rights Issue

Primary insider notification - Rights Issue

The following primary insiders have today subscribed for shares in the ongoing

Rights Issue in Nordic Mining as follows:

+---------+------------+-------------------+----------+------------------+

|Name |Position |Number of allocated|Shares |Shares owned prior|

| | |subscription rights|subscribed|to the transaction|

+---------+------------+-------------------+----------+------------------+

|Tarmo |Chairman |15,363 |20,000 |100,224 |

|Tuominen | | | | |

+---------+------------+-------------------+----------+------------------+

|Mari |Board member|26,395 |100,000 |172,190 |

|Thjømøe1 | | | | |

+---------+------------+-------------------+----------+------------------+

|Kjell |Board member|1,532 |40,000 |10,000 |

|Sletsjøe | | | | |

+---------+------------+-------------------+----------+------------------+

|Eva |Board member|0 |30,000 |0 |

|Kaijser2 | | | | |

+---------+------------+-------------------+----------+------------------+

|Ivar S. |CEO |70,293 |70,293 |458,555 |

|Fossum | | | | |

+---------+------------+-------------------+----------+------------------+

|Birte |CFO |0 |50,000 |0 |

|Norheim3 | | | | |

+---------+------------+-------------------+----------+------------------+

|Lars K. |Sr. Advisor |206,947 |150,000 |1,350,000 |

|Grøndahl4| | | | |

+---------+------------+-------------------+----------+------------------+

|Kenneth |Project |0 |43,478 |0 |

|N. |Manager   | | | |

|Angedal |Engebø | | | |

+---------+------------+-------------------+----------+------------------+

|Steinar |Geologist |417 |417 |2,726 |

|Kleppe | | | | |

+---------+------------+-------------------+----------+------------------+

1 The shares are subscribed/owned through the company Thjømøekranen AS

2 The shares are subscribed through the company Fågelsången AB

3 The shares are subscribed through the company Bino Consult AS

4 The shares are subscribed/owned through the company Magil AS

The subscription price is NOK 2.30 per share.

Shares subscribed based on subscription rights will be allocated to the

subscriber. In addition, subscribers may be allocated shares based on

subscription for shares without subscription rights.

Board member, Kjell Roland, has today sold 11,501 subscription rights for an

average price of NOK 0.0175. Mr. Roland holds no subscription rights following

the transaction and owns 75,027 shares in Nordic Mining.

For further information please contact Birte Norheim, CFO, telephone +47 95 29

33 21.

Oslo, 14 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".