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 25,000,000 new shares (the "Offer Shares") at a subscription price of NOK 1.40 per Offer Share.

The subscription period for the Rights Issue expired today 2 October 2019 at 16:30 hours (CEST). Preliminary counting indicates that the Company has received subscriptions for approximately 37.7 million Offer Shares at the end of the subscription period. The preliminary counting consequently indicates an oversubscription of approximately 51%.

The final result of allocation of the Offer Shares is expected to be published on 3 October 2019. Notices of allocation of Offer Shares and the corresponding subscription amount to be paid by each individual subscriber will be distributed on 3 October 2019.

Payment for the Offer Shares is due on 7 October 2019. SpareBank 1 Markets AS is acting as manager and Kvale Advokatfirma is legal advisor for the Rights Issue.

For questions please contact CFO Birte Norheim, telephone +47 95293321.


Oslo, 2 October 2019
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. The Company's project portfolio is of high international standard and holds 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. Nordic Mining also holds 18.5% of the shares in Keliber Oy, which is developing a lithium project in Finland to become the first European producer of battery grade lithium hydroxide.

In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina, and exploration of seabed minerals and high-purity quartz.

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