SOTKAMO SILVER REMODELS THE ORGANIZATION

Sotkamo Silver remodels its organisation to meet the requirements of the current stage of the Silver Mine Project.

The responsibilities of the new organisation will be as follows from 16th April 2018:

Arttu Ohtonen changes over from the current position as Managing Director of the subsidiary to the Deputy Managing Director of the parent company Sotkamo Silver AB. In addition, his main responsibilities are health, safety, environmental and quality issues as HSEQ Manager of Silver Mine and the subsidiary Sotkamo Silver Oy.

Paul Johnsson will continue as the Group CFO in his present position.

Arto Suokas has been appointed Managing Director of the subsidiary Sotkamo Silver Oy and he continues also as Silver Mine Director.

Erkki Kuronen changes over from the Chief Geologist to the Head of Geology & Mining. He acts as deputy for Managing Director Arto Suokas.

Pekka Veisto continues in his present position as Project Manager for the Silver Mine project.

"I am sure that our reorganised very experienced management will take the project forward efficiently and the entire Group management is now ready to meet the challenges of the construction period and commencing of production effectively", says Timo Lindborg, CEO of Sotkamo Silver AB.
 
 
Stockholm, April 16th2018
Timo Lindborg, CEO
 
 
Contact person

Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507

This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 16thApril 2018, at 8.45 CET.

The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.

About Sotkamo Silver AB

Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with positive social and environmental benefits. Sotkamo Silver owns mineral deposits, which contain silver and gold in Finland as well as zinc and gold in Norway. The Company’s main development project is the Silver Mine project in the municipality of Sotkamo.

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.

Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ Helsinki.

ISIN-code for Sotkamo Silver shares is SE0001057910.

Read more about Sotkamo Silver on www.silver.fi

The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi

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