Nordic Mining ASA — Share Issue/Capital Change 2019

Oct 3, 2019

Mandatory notification of trade

Mandatory notification of trade

Reference is made to the stock exchange notice today regarding the final result

of the Rights Issue in Nordic Mining ASA ("Nordic Mining" or the "Company").

Primary insiders in the Company have been allocated a total of 1,801,287 Offer

Shares in the Rights Issue. All Offer Shares in the Rights Issue were subscribed

at a price of NOK 1.40 per share.

Below is an overview of the allocation of Offer Shares to primary insiders in

the Company:

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

|Name |Position |Number of|New Shareholding|Options(5) |

| | |shares | | |

| | |allocated| | |

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

|Kjell |Chair of |15,488 |90,475 |0 |

|Roland |board | | | |

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

|Kjell |Board |3,700 |21,676 |0 |

|Sletsjøe |member | | | |

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

|Eva Kaijser|Board |16,362 |110,472 |0 |

|(1) |member | | | |

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

|Ivar S. |CEO |103,197 |696,755 |1,050,000 |

|Fossum | | | | |

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

|Birte |CFO |10,983 |64,327 |575,000 |

|Norheim (2)| | | | |

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

|Lars K. |Sr. Advisor|175,000 |1,725,000 |400,000 |

|Grøndahl | | | | |

|(3) | | | | |

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

|Kenneth N. |Project |7,822 |45,822 |400,000 |

|Angedal |Mrg. Engebø| | | |

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

|Mona |VP |7,010 |41,063 |400,000 |

|Schanche |Exploration| | | |

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

|Steinar |Geologist |645 |3,788 |175,000 |

|Kleppe | | | | |

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

|B-L Holding| |1,461,080|9,864,734 |0 |

|Company (4)| | | | |

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

(1) The shares are allocated to, and existing shares are owned by, the company

Fågelsången AB

(2) The shares allocated to, and existing shares are owned by, the company Bino

Consult AS

(3) The shares allocated to, and existing shares are owned by, the company Magil

AS

(4) B-L Holding Company (Barton Group) has appointed an observer to the Board of

Directors

(5) Each option gives the right to subscribe for one share in Nordic Mining at a

subscription price of NOK 2.63 per share. The options must be exercised within

the earlier of date of the general meeting of Nordic Mining in 2022 and 30 June

2022

For further information please contact Senior advisor Lars K. Grøndahl,

telephone +47 90160941.

Oslo, 3 October 2019

Nordic Mining ASA

About 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 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".