Interim report per 30 June 2011

Nordic Mining ASA is pleased to present the interim report per 30 June 2011. The following important events since the first quarter 2011 report are high-lighted:

• Municipality approvals of industrial area plan for the Engebø rutile project
  In May 2011, the municipality boards in Naustdal and Askvoll approved the industrial area plan for Nordic Mining's contemplated rutile production. The approvals mark an important milestone in the process to establish long term, profitable and sustainable rutile production at Engebø. The county governor of Sogn and Fjordane has forwarded the plan, including an objection from the Directorate of Fisheries, to the Ministry of the Environment for resolution. The county governor recommends approval of the industrial area plan.
  
  
• Significant price increase for rutile
  The market for rutile products is developing positively. By year-end 2010, rutile prices were reported around USD 550 per ton FOB Australia. In July/August 2011, prices are reported in the range USD 1,000 - 1,120 per ton. Expectations are that prices will increase further. New projects that could possibly increase supply are few, and growing demand fuels expectation of a favorable long term market outlook.
  
  
• Positive quarterly results in Gudvangen Stein
  The markets for anorthosite products from Gudvangen Stein are developing positively and measures to improve operations have started to give effect. Sales volume in the second quarter was 67,000 tons. Profit after tax for the quarter was NOK 0.3 million.
  
  
• New tests confirm world class ultrapure quartz deposit
  Nordic Mining has received positive results in making high purity concentrates from the Company's quartz deposit at Nesodden in Hordaland county. The results confirm the deposit as world class, and indicate potential for several high-value applications and a significant commercial value.
  
  
• Exiting results from in the Seiland Igneous Province
  Geophysical measuring indicates interesting mineralization in the Seiland Igneous Province in Troms and Finnmark. In particular, the results from the Reinfjord area indicate promising possibilities related to i.a. copper, nickel and cobolt. The results will be further investigated in exploration field work in August.

About Nordic Mining ASA

Nordic Mining ASA is a resource company with operating activity and focus on high-end industrial minerals and metals in Norway and internationally. The company's project portfolio is of high international standard and holds a significant economic potential. Nordic Mining has rights to advanced EM-applications (electro magnetic technology) for mineral and metals exploration onshore and offshore. The company's assets are mainly in the Nordic region.

The company has production of anorthosite products through its subsidiary Gudvangen Stein AS. Further, Nordic Mining is undertaking large-scale project development at Engebøfjellet in Sogn and Fjordane where the company has rights to a substantial eclogite deposit with rutile and garnet. Through its subsidiary Keliber Oy in Finland, Nordic Mining plans to start mining of lithium bearing spodumene and production of lithium carbonate. Nordic Mining has rights for exploration and production at a high-purity quartz deposit in Kvinnherad municipality in Hordaland county.

Nordic Mining is listed on Oslo Axess.

For questions please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.

Oslo, 19 August 2011
Nordic Mining ASA

  This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.