Nordic Mining ASA - Share Issue/Capital Change 2020

NOM: New share capital registered

Reference is made to the stock exchange announcement 28 January 2020 regarding

the completion of the Private Placement.

The Private Placement consisted of 28,700,000 new shares at a subscription price

of NOK 2.00 per share, each with a par value of NOK 0.60.

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

Business Enterprises today. Nordic Mining's share capital has as a consequence

increased by NOK 17,220,000 to NOK 118,495,063.20 divided into 197,491,772

shares, each with a par value of NOK 0.60.

The new shares have also been registered in the VPS and issued to the Managers.

Subscribers in the Private Placement that pay for the shares will receive the

new shares tomorrow, 31 January 2019.

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

Oslo, 30 January 2020

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.

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

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