Reference is made to today's press release related to completion of the direct share issue.

 

The Board of Directors of Nordic Mining will prospose that the private placement is followed up by a repair issue where shareholders as at 29 May 2008 not taking part in the private placement are offered to subscribe up to total 13,333,334 shares at NOK 1.50 per share (total proceeds up to NOK 20,000,001). The proposal will be presented on the forthcoming Ordinary General Meeting scheduled 19 June 2008.

 

For further enquiries, please contact CFO Lars K. Grøndahl on telephone +47- 901 60 941.

 

 

Oslo, 30 May 2008

Nordic Mining ASA