Board member Dag Dvergsten has through Dag Dvergsten AS purchased 99,900 shares in Nordic Mining at NOK 3.01 per share. Mr. Dvergsten has directly and indirectly a total of 5,368,655 shares in Nordic Mining representing 10.04% of the company.

 

Dag Dvergsten AS has 2.5 million stock options at a strike price of NOK 2.625 valid until June 2008.

 

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

 

Oslo, 29 August 2007
Nordic Mining ASA