Nordic Mining ASA - Share Issue/Capital Change 2018

New share capital registered

The Private Placement in Nordic Mining is now completed and the new shares will

be listed on Oslo Axess.

Reference is made to stock exchange notice 14 December 2017 regarding the

Private Placement and stock exchange notice 8 January 2018 regarding the general

meeting's approval of the Private Placement and the Subsequent Offering.

The Private Placement consisting of 15,625,000 new shares was done at a

subscription price of NOK 3.20 per share. The par value of the issued shares is

NOK 0.60. Nordic Mining's share capital was increased by NOK 9,375,000.

The capital increase has today been registered with the Norwegian Register of

Business Enterprises. Nordic Mining's share capital is currently NOK

66,270,280.80 divided into 110,450,468 shares, each with a par value of NOK

0.60.

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

Oslo, 16 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

alsoexploring opportunities related to seabed mineral resources.

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

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