CHANGE OF NUMBER OF SHARES AND VOTES IN SOTKAMO SILVER AB

It is hereby announced that the number of shares and votes in Sotkamo Silver AB increased with 31 179 949 shares in April 2011 after the subscription of shares in Sotkamo Silver AB through warrants in March 2011. These shares represent approximately 12 percent of the total number of shares in the company after the issue.

Following the registration of the shares by the Swedish Companies Registration Office, the number of shares and votes in Sotkamo Silver AB has increased by 31,179,49 to 259,481,934 and share capital to SEK 103,792,774 million.

The information provided in this press release is such that the company is required to disclose pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act.

Stockholm, April 29, 2011

SOTKAMO SILVER AB (publ.)

Timo Lindborg, CEO

About Sotkamo Silver AB:

Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with regard to human society and environment. Sotkamo Silver owns, through its subsidiary mineraldeposits, which contains silver and gold in Finland. The Company’s main development project is the Taivaljärvi Silver Mine.

Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101-code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.

The shares are traded at the Burgundy market place and NGM Equity in Stockholm.

The ticker symbol is SOSI. ISIN-code for Sotkamo Silver shares is SE0001057910.

Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi

For further information: Mr. Timo Lindborg, CEO, phone: +46-8-30 49 20