Nordic Mining ASA — Share Issue/Capital Change 2019

Oct 11, 2019

New share capital registered

New share capital registered

Reference is made to previous stock exchange announcements 13 September 2019

regarding the general meeting's approval of the Rights Issue, and 3 October 2019

regarding completion of the Rights Issue and the allocation of Offer Shares.

The Rights Issue in Nordic Mining is now completed, and the new shares will be

listed on Oslo Axess.

The Rights Issue consisted of 25,000,000 Offer Shares and was done at a

subscription price of NOK 1.40 per share. The par value of the issued shares is

NOK 0.60. Nordic Mining's share capital was increased by NOK 15,000,000 as a

consequence of the Rights Issue.

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

Business Enterprises. Nordic Mining's new share capital is NOK 101,275,063.20

divided into 168,791,772 shares, each with a par value of NOK 0.60.

For more information please contact Birte Norheim, CFO, telephone +47 95 29 33

Oslo, 11 October 2019

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. 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. Nordic Mining also holds 18.5% of the

shares in Keliber Oy, which is developing a lithium project in Finland to become

the first European producer of battery grade lithium hydroxide.

In addition, Nordic Mining holds interests in other initiatives at various

stages of development. This includes patented rights for a new technology for

production of alumina, and exploration of seabed minerals and high-purity

quartz.

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