Nordic Mining : New share capital...

Tranche two of the Private Placement in Nordic Mining is now completed and the new shares will be listed on Oslo Axess.

Reference is made to stock exchange notices of 16 and 20 December 2016 regarding tranche one of the Private Placement, and stock exchange notice of 10 January 2017 regarding the general meeting's approval of tranche two of the Private Placement. The second tranche of the Private Placement consisting of 2,241,334 new shares was done at a subscription price of NOK 3.10 per share. The par value of the issued shares is NOK 0.60. Nordic Mining's share capital was increased by NOK 1,344,800.40.

The capital increase has today been registered with the Norwegian Register of Business Enterprises. Nordic Mining's share capital is currently NOK 56,895,280.80 divided into 94,825,468 shares, each with a par value of NOK 0.60.

The new shares will be tradable when they have been transferred to the VPS accounts of the investors; such transfer is expected to be executed today, 12 January 2017.

Clarksons Platou Securities AS is manager and Kvale Advokatfirma is legal advisor for the transaction.

For further information please contact CFO Lars K. Grøndahl, telephone [phone].

Oslo, 12 January 2017
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 in Norway and internationally. 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.

Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking a large-scale project development at Engebøfjellet in Sogn and Fjordane where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Permits for the project have been granted by the Norwegian government. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Hordaland and develops the project through its subsidiary Nordic Quartz AS. Nordic Mining's associated company Keliber Oy in Finland plans to start mining of lithium bearing spodumene and production of lithium carbonate. Nordic Mining holds exploration rights on the Øksfjord Peninsula in Troms and Finnmark, where the Company has discovered a prospective area of sulphide mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic Mining is exploring opportunities related to seabed mineral resources.

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