Exploration Manager subscribes for shares

On 13 November 2014, Exploration Manager Mona Schanche subscribed 20,000 shares in the ongoing Rights Issue in Nordic Mining at a subscription price of NOK 0.60 per share.

Prior to the Rights Issue Mona Schanche owns 132,306 shares in Nordic Mining, and she has been allocated 13,206 subscription rights and will receive 13,206 shares in the Rights Issue. In addition, Schanche may be allocated up to 6,794 shares based on the subscription for shares without subscription rights.

Mona Schanche has been awarded an option to buy 2,000,000 shares in Nordic Mining at a price of NOK 0.90 per share and an option to buy 500,000 shares at a price of NOK 1.80 per share.

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

Oslo, 14 November 2014
Nordic Mining ASA