Completed analysis for two drill holes at Reinfjord on the Øksfjord Peninsula

7/4/2012 4:07 AM EST

Nordic Mining has completed assaying of the mineralized intervals for
the two drill holes from the company's Nickel (Ni), Copper (Cu), Cobalt
(Co), Palladium-Platinum-Gold (PGE+Au) prospect at Reinfjord on the
Øksfjord Peninsula in Northern Norway.
Highlights

Best intersections from the drill holes:

-      Drill hole RF-1: 7 meters grading 0.38% Ni / 0.12% Cu
-    Drill hole RF-1: 5.25 meters grading 0.54 g/t PGE+Au
-    Drill hole RF-2: 22 meters grading 0.29% Ni / 0.05% Cu

Exploration Manager Mona Schanche comments: "We are pleased with the
results showing that the metal enriched section for the first drill hole
is wider than first indicated. The results from the second drill hole
indicate that the conductive body is not uniform in terms of metal
grades and lithology. We will put effort into understanding the
relationship between complex geological setting, mineralized intervals
and the modelled conductor."

Drilling results

In May 2012 Nordic Mining completed two drill holes to depths of 240
meters and 170 meters, respectively. The assay results show that the
base and precious metal mineralized zones in drill hole RF-1 is wider
than first indicated (ref. press release 06.06.12). Drill hole RF-2
shows a complex lithology with cross-cutting younger intrusive phases
which seems to carry more iron rich sulphides. The pegmatitic rock type
hosting platinum-palladium enriched interval in hole RF-1, has not been
found in hole RF-2. Whole-rock chemical analyses will be done to
characterise various rock units. Microscopic observations show that
pentlandite and chalcopyrite are ore forming minerals in drill hole RF
-1, while cubanite, native copper and pentandite are present in drill
hole RF-2.

The table below shows the average base and precious metal content for
the best mineralized intersections in drill hole RF-1:

Hole ID     From    To    Meters  Nickel  Copper  Cobalt  Gold
Palladium  Platinum  PGE+Au  Sulphur
            (m)     (m)   (m)     %       %       %       g/t   g/t
g/t       g/t     %
RF-1        86      93    7       0.38    0.12    0.02    0.03  0.03
0.03      0.09    0.61
RF-1        107.75  117*  9.25    0.27    0.06    0.02    0.07  0.20
0.15      0.42    0.58
*including  107.75  113   5.25    0.24    0.05    0.01    0.10  0.31
0.23      0.64    0.41

The table shows that a 7 meter wide Ni-Cu zone is underlain by an
approximately 9 meter wide PGE enriched zone.

The table below shows the average base and precious metal content for
the best mineralized intersection in drill hole RF-2:

Hole  From  To   Meters  Nickel  Copper  Cobalt  Gold  Palladium
Platinum  PGE+Au  Sulphur
ID
      (m)   (m)  (m)     %       %       %       g/t   g/t        g/t
g/t     %
RF-2  94    116  22      0.29    0.05    0.02    0.02  0.02       0.02
0.06    0.36

Tables in attachment 1 show the complete assays for the mineralized
zones.

Exploration Rights and Qualified Person
Nordic Mining has Exploration Rights in the mineralized area of the
Reinfjord Intrusion situated in Kvænangen municipality in Troms county,
Norway. The Exploration Rights are located at an altitude of
approximately 600 meters above sea level, with short distance to the
coast and the Reinfjord village.

The Qualified Person for Nordic Mining's Reinfjord project, Markku
Iljina with a designation of European Geologist from the European
Federation of Geologists (EFG), has reviewed and verified the content of
this release.
Nordic Mining ASA

Nordic Mining ASA ("Nordic Mining" or "the Company") is a resource
company with operating activity and 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 mainly in the Nordic
region.
The Company has production of anorthosite products through its
subsidiary Gudvangen Stein AS. Further, Nordic Mining through its
subsidiary Nordic Rutile AS is undertaking large-scale project
development at Engebøfjellet in Sogn and Fjordane where the Company has
rights to a substantial eclogite deposit with rutile and garnet. Nordic
Mining has rights for exploration and production of high-purity quartz
in Kvinnherad municipality in Hordaland county and develops the project
through its subsidiary Nordic Quartz AS Through its subsidiary Keliber
Oy in Finland, Nordic Mining plans to start mining of lithium bearing
spodumene and production of lithium carbonate.

Nordic Mining is listed on Oslo Axess.
For questions please contact Exploration Manager Mona Schanche,
telephone +47 922 81 253.
Oslo, 4 July 2012
Nord