Expiry of subscription period for the Rights Issue today

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 previous announcements in respect of the ongoing Rights Issue of up to 25,000,000 new shares in Nordic Mining ASA .

The subscription period for the Rights Issue will expire today, Wednesday 2 October 2019 at 16:30 (CEST). Correctly completed subscription forms must be received by the manager, or in the case of online subscriptions through the VPS online subscription system, be registered within this deadline.

The Prospectus together with the subscription form is available at www.nordicmining.com and www.sb1markets.no.

Subscription rights that are not used for subscribing new shares by 16:30 CEST today, 2 October 2019, will have no value and will lapse without compensation to the holder.

Please refer to the Prospectus for more information.

For further information please contact Birte Norheim, CFO, telephone +47 95 29 33 21.

Oslo, 2 October 2019

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 18.5% 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 and high-purity quartz.

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