SOTKAMO SILVER RECEIVES ABOUT 39 MSEK FROM PREFERENTIAL SHARE ISSUE

In the recently concluded rights issue there was 5,562,289 subscribed shares with preferential rights and 932 109 without rights. Total number of new shares are 6,494,398. The received amount of SEK 39 million, before expenses, corresponds to approximately 92 % of maximum amount of approximately SEK 42.5 million. The rights issue was up to 80 % guaranteed by subscription-undertakings and by underwriting commitments. 92 % of subscribed shares means that the guarantees did not have to be utilized.

After the issue and implementation of the changes of the share capital decided at the Annual General Meeting on March 21st 2014, the share capital will be SEK 141,596,341.47 SEK, divided into 20,654,032 shares, quota value is SEK 6.86.

Trading in paid subscribed shares on NGM Equity (SOSI BT) in Stockholm and NASDAQ OMX Helsinki (SOSI1N0114) continues until the registering at the Swedish Companies Registration Office.

"This additional equity give us a possibility to continue to explore and develop our Silver Mine in Sotkamo towards our goal to start mining late 2015" comments CEO Timo Lindborg.

Stockholm Corporate Finance is acting as financial advisor. A1 Advokater and Peltonen LMR Attorneys Ltd are acting as legal advisors to Sotkamo Silver.

Stockholm, 23th April 2014.

Timo Lindborg, CEO

About Sotkamo Silver AB:

Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with regards 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 Silver Mine project in the municipality of Sotkamo.

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 ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ OMX Helsinki. ISIN-code for Sotkamo Silver shares is SE0001057910.

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

For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507

The official Stock Exchange Release is given in Swedish and there may be slight differences in the translated versions.