Nordic Mining ASA has completed a rights issue by issue of 13 785 335 new shares at a subscription price of NOK 2.50 (face value NOK 0.10) through CAR ASA. Gross proceeds from the issue were NOK 34 463 337.

 

Please see enclosure for further information regarding the issue.

 

For questions please contact CEO Ivar S. Fossum (telephone +47 - 930 96 850) or CFO Lars K. Grøndahl (telephone +47 - 901 60 941).

 

Oslo, 9 May 2007
Nordic Mining ASA