LAST DAY FOR SUBSCRIPTIONS OF SHARES IN SOTKAMO SILVER THROUGH TECKNINGSOPTION 2 IS FRIDAY 31TH MARCH

(NGM:SOSI)

Subscriptions for shares in Sotkamo Silver AB through Teckningsoption 2 (Warrant: SOSI TO2) can be made from March 1st to March 31th 2011. One share (1) at 0.43 SEK per Teckningsoption 2 (Warrant: SOSI TO2).

• One (1) Warrant (SOSI TO2) entitles the holder to subscribe for one (1) new share in Sotkamo Silver AB

• Subscription price 0.43 SEK per share

• Subscription period March 1st to 31th 2011

• Last day to trade SOSI TO2 on NGM Equity is March 28th 2011.

• Warrant not used for subscription latest March has no value.

• From March 1st until registration of the new issued shares, Sotkamo Intermim Shares (SOSI IA) will be traded.

Sotkamo Silver's main project is Taivaljärvi Silver Mine in Finland, with significant amounts of silver and gold. The funds raised through the exercise of SOSI TO2 will be invested in preparatory works, such as core-drilling and pilot-test to complete the planning and Feasibility Study for mining-operations with planed start in 2013. Assume all 31 500 000 warrants are exercised Sotkamo Silver will receive new funds of about 13.5 MSEK before expenses.

Instruction:

The Company has send a pre-printed application-form for subscription and payment to the registered holder of the warrants. If ownership has changed, the special subscription-form without pre-printed data shall be used. Subscription-form can be obtained from the Company´s webpage (www.silver.fi) or Aktieinvest (telephone +468-506 517 00 www.aktieinvest.se ). Owners of warrants SOSI TO2 who have their holdings in custody of a nominee shall comply with the instructions received from the trustee.

Stockholm 30th MARCH 2011

Timo Lindborg, CEO

About Sotkamo Silver AB:

Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with regard to human society and environment. Sotkamo Silver owns, through its subsidiary mineral deposits, which contains silver and gold in Finland. The Company’s main development project is the Taivaljärvi Silver Mine.

Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101-code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.

The shares are traded at the Burgundy market place and NGM Equity in Stockholm. The ticker symbol is SOSI.

ISIN-code for Sotkamo Silver shares is SE0001057910.

ISIN-code for Sotkamo Silver warrants is SE0003299718.

Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi

For further information: Timo Lindborg, CEO, tel. +46-8-30 49 20