Nordic Mining ASA — Share Issue/Capital Change 2018

Jan 29, 2018

Preliminary result of Subsequent Offering in Nordic Mining ASA

Preliminary result of Subsequent Offering in Nordic Mining ASA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER

JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL. NOT FOR release, PUBLICATION or distribution, in whole or in part

directly or indirectly, (I) IN OR INTO THE united states EXCEPT TO (1)

Institutional Accredited Investors as defined in Rule 501(a)(1), (2), (3) or (7)

of Regulation D OF THE U.S. Securities Act of 1933, AS AMENDED (THE "U.S.

SECURITIES ACT") AND (2) QUALIFIED INSTITUTIONAL BUYERS AS DEFINED UNDER RULE

144A OF THE U.S. SECURITIES ACT, OR (II) OUTSIDE THE UNITED STATES EXCEPT to non

-U.S. persons (as defined in Regulation S under the U.S. Securities Act

("Regulation S")). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Reference is made to previous stock exchange announcements regarding the

Subsequent Offering (the "Subsequent Offering") by Nordic Mining ASA (the

"Company") of 3,000,000 new shares with a nominal value of NOK 0.60 each (the

"Offer Shares") at a subscription price of NOK 3.20 per Offer Share.

The subscription period for the Subsequent Offering expired on Friday 26 January

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

received subscriptions for approximately 8,700,000 Offer Shares at the end of

the subscription period. The Subsequent Offering has consequently been

substantially oversubscribed.

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

on 30 January 2018. Notices of allocation of Offer Shares and the corresponding

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

on 30 January 2018. Payment for the Offer Shares is due on 2 February 2018.

The Managers of the Subsequent Offering are Carnegie AS and Swedbank Norge NUF

and Kvale Advokatfirma is legal advisor for the Subsequent Offering.

For questions please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.

Oslo, 29 January 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, and a prefeasibility study was completed in

October 2017. Nordic Mining's associated company Keliber in Finland is in the

process of completing its definitive feasibility study and preparing for

production of lithium carbonate. 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".