Nordic Mining ASA - Share Issue/Capital Change 2019

Preliminary result of Rights Issue

Reference is made to previous stock exchange announcements regarding the rights

issue (the "Rights Issue") by Nordic Mining ASA (the "Company") of up to

25,000,000 new shares (the "Offer Shares") at a subscription price of NOK 1.40

per Offer Share.

The subscription period for the Rights Issue expired today 2 October 2019 at

16:30 hours (CEST). Preliminary counting indicates that the Company has received

subscriptions for approximately 37.7 million Offer Shares at the end of the

subscription period. The preliminary counting consequently indicates an

oversubscription of approximately 51%.

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

on 3 October 2019. Notices of allocation of Offer Shares and the corresponding

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

on 3 October 2019.

Payment for the Offer Shares is due on 7 October 2019. SpareBank 1 Markets AS is

acting as manager and Kvale Advokatfirma is legal advisor for the Rights Issue.

For questions please contact CFO Birte Norheim, telephone +47 95293321.

Oslo, 2 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 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".

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