Allocation of shares in the Rights Issue to primary insiders

Primary insiders have been allocated in total approximately 2.5 million new shares in the Rights Issue.

Reference is made to stock exchange release on 24 June 2016 in connection with the completed Rights Issue in Nordic Mining.

Below is an overview of allocation of shares to primary insiders in the Rights Issue:

Name/position  Number of shares allocated in the Rights Issue New shareholding
Tarmo Tuominen, Chairman 165,666 541,344
Kjell Roland, Deputy Chairman 137,760 450,157
Mari Thjømøe 1), Board Member 240,000 472,779
Hilde Myrberg, Board Member 31,321 102,348
Tore Viana-Rønningen 2), Board Member 114,694 365,000
Ivar S. Fossum, CEO 500,000 2,623,092
Lars K. Grøndahl 3), CFO 1,300,000 7,800,000
Mona Schanche, Exploration Manager 20,000 204,317

(1) The shares are owned through the company ThjømøeKranen AS.
(2) The shares are owned through the company ETVR Invest AS.
(3) The shares are owned through the company Magil AS.

All shares from the Rights Issue have been purchased at a price of NOK 0.50 per share.

For further information please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.

Oslo, 27 June 2016
Nordic Mining ASA

Nordic Mining ASA (

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 large-scale project development at Engebø in Sogn and Fjordane where the Company has rights to a substantial eclogite deposit with rutile and garnet. Permits for the project were granted by the Norwegian government in April 2015. 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.