NOMI - Offer to the shareholders in Rana Gruber AS

Nordic Mining ASA has submitted an offer for all the shares in Rana Gruber AS. The offer is in accordance with the Letter of Intent entered into in November between the board of directors of Rana Gruber and Nordic Mining (ref. press release dated 20 November 2006). The offer is conditioned on an acceptance level of at least 2/3 of the issued shares in Rana Gruber. The board of directors of Rana Gruber has unanimously recommended the offer to the shareholders of Rana Gruber. The offer period expires 12 January 2007.

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


Oslo, 19 December 2006
Nordic Mining ASA