The ordinary general meeting resolved on 19 June 2008 a subsequent offering of up to 13,333,334 new shares that can be subscribed by (1) the shareholders that owned shares in the company on 29 May 2008 and who were not invited to participate in the placement that was completed the same day. 1 owned share at 29 May 2008 gives the right to subscribe 0,8726007632 new share. Subscription rights that are not tradable are issued. Oversubscription in excess of allocated subscription rights is allowed.

 

Shares that are not subscribed by the said shareholder can be subscribed by (2) shareholders that held shares in the company 15 April 2008 and who were not invited to participate in the placement or has a right to subscribe shares according to (1) above.

 

The public may subscribe shares that are not subscribed pursuant to (1) and (2) above. 

 

The subscription price is NOK 1.50 per share.

 

The subscription period shall be from 30 June 2008 to and including 9 July 2008 at 16:30 (CET).

 

Prospectus and share subscription form will be sent to all shareholders that may subscribe shares in the subsequent offering. The prospectus will be published on the company's home page on the internet, www.nordicmining.com.

 

For further enquiries please contact CFO Lars K. Grøndahl on telephone +47 90 16 09 41

 

Oslo, 27 June 2008

Nordic Mining ASA

 

This information is subject of the disclosure requirements acc. to § 5-12 vphl. (Norwegian Securities Trading Act).