PRELIMINARY RESULT OF RIGHTS ISSUE

Reference is made to previous stock exchange announcements regarding the rights issue (the "Rights Issue") by Nordic Mining ASA (the "Company") of up to 17,391,304 new shares (the "Offer Shares") at a subscription price of NOK 2.30 per Offer Share.

The subscription period for the Subsequent Offering expired today 20 November 2018 at 16:30 hours (CET). Preliminary counting indicates that the Company has received subscriptions for approximately 18.1 million Offer Shares at the end of the subscription period. The Subsequent Offering has consequently been oversubscribed.

The final result of allocation of the Offer Shares is expected to be published on 21 November 2018. Notices of allocation of Offer Shares and the corresponding subscription amount to be paid by each individual subscriber will be distributed on 21 November 2018. Payment for the Offer Shares is due on 23 November 2018.

Carnegie AS and Clarksons Platou Securities AS are joint managers and Kvale Advokatfirma is legal advisor for the Rights Issue.

For questions please contact Birte Norheim, CFO, telephone +47 9529 3321.

Oslo, 20 November 2018

Nordic Mining ASA

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 in Norway and internationally. The Company's project portfolio is of high international standard and holds a 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. Permits for the project have been granted by the Norwegian government. The definitive feasibility study was initiated directly following completion of the prefeasibility study in October 2017. Nordic Mining's associated company Keliber completed the definitive feasibility study for its lithium project in Finland in June 2018. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Norway. Further, the Company holds exploration rights at Reinfjord in northern Norway where a prospective area of sulphide mineralisation has been discovered. Nordic Mining is also exploring opportunities related to seabed mineral resources.

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