Decisions from creditors’ meeting

Dannemora Mineral and its subsidiary Dannemora Magnetit yesterday, 3 June 2014, held a creditor’s meeting at Uppsala District Court. The district court decided that the reorganisation procedures would continue, which means that the reorganisations will continue until 13 August 2014. Neither of the present creditors objected to the decisions. It was further decided that a creditors' committee would be appointed.

The preliminary reorganisation plans for the companies were presented at the meeting and it was noted that further capital is required to complete the planned investments that the company reported earlier.

The reorganisation plans are available on www.dannemoramineral.se/investors.

For further information, please contact:

Ralf Nordén, President and  CEO
Telephone 46 709374891
ralf.norden@dannemoramineral.se

or

Niklas Kihl, CFO
Telephone 46295 - 24 44 20, 46730 797 363
niklas.kihl@dannemoramineral.se

Dannemora Mineral AB is a mining and exploration company of which the primary activity is mining operations in the Dannemora iron ore mine. The Company intends to engage in exploration activities to increase the iron ore base locally and regionally.The Company’s most important asset is the iron deposit in the Dannemora Mine, and activity is focused mainly on the mining of this deposit at present.

The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The Company's Certified Advisor on First North is Remium Nordic AB.

The Company's independent qualified person is mining engineer Thomas Lindholm, Geovista AB, Luleå. Thomas Lindholm is qualified as a Competent Person, as defined in the JORC Code, based on education and experience in exploration, mining and estimation of mineral resources of iron, base and precious metals.