Approval and publication of prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES (OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to stock exchange notice 29 April 2020. The listing prospectus (the "Prospectus") in connection with the private placement on 28 January 2020 (the "Private Placement") in Nordic Mining ASA (the "Company") has today, 30 April 2020, been approved by the Financial Supervisory Authority of Norway.

The Financial Supervisory Authority of Norway has reviewed and approved the Company's Prospectus regarding the Private Placement of 28,700,000 news shares at a subscription price of NOK 2.00 per share. The Prospectus is enclosed with this release.

Nordic Mining will today publish the Prospectus in connection with the Private Placement which was announced on 28 January 2020. The Prospectus will be available at www.nordicmining.com, www.securities.clarksons.com and www.sb1markets.no.

SpareBank 1 Markets AS and Clarksons Platou Securities AS acted as managers and Kvale Advokatfirma DA was legal advisor for the Private Placement.

For additional information, please contact Senior Advisor Lars K. Grøndahl telephone +47 90160941.


Oslo, 30 April 2020
Nordic Mining ASA

About Nordic Mining ASA (www.nordicmining.com)

Nordic Mining ASA ("Nordic Mining" or the "Company") is a resource company with focus on high-end industrial minerals and metals. The Company's project portfolio is of high international standard and holds significant economic potential. The Company's assets are in the Nordic region.

Nordic Mining is undertaking a large-scale project development at Engebø on the west coast of Norway where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Nordic Mining also holds 16.3 % of the shares in Keliber Oy, which is developing a lithium project in Finland to become the first European producer of battery grade lithium hydroxide.

In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina and exploration of seabed minerals.

Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".