Nordic Mining ASA — Share Issue/Capital Change 2022

May 18, 2022

Nordic Mining ASA: New share capital registered

Reference is made to the stock exchange release on 13 May 2022 regarding issuance of shares in Nordic Mining ASA (the "Company") under the share option program.

The share capital increase has today been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is 139,390,063.20 divided into 232,316,772 shares, each with a nominal value of NOK 0.60.

For further information, please contact CFO Christian Gjerde, telephone +47 98060909.

Oslo, 18 May 2022 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 12.0% 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 Euronext Expand Oslo with ticker symbol "NOM".