SOTKAMO SILVER’S AGREEMENT OF FINANCING- AND DELIVERY WITH ABB HAS BEEN EXTENDED.

We are happy to announce that the agreement of financing- and delivery between Sotkamo Silver and ABB Oy, Finland, has been extended until the end of 2015. The agreement covers engineering, design, delivery and supply of electrification, automation and instrumentation for the Silver Mine. The value of the delivery is about 5 million euro.

ABB will participate in future financing-arrangements, where the size of the funding is dependent on the value of the delivery.

According the Bankable Feasibility Study the total need of financing is about 32 million euro.

"The extension of terms and conditions of the agreement was sought after by Sotkamo Silver as we have been very pleased with ABB. The Company continues intensively to investigate different alternatives to find finance for construction of the Silver Mine. Production is expected to start 12-14 months after full funding has been obtained," summarizes Dr. Timo Lindborg, CEO of Sotkamo Silver AB.

Stockholm, 16th December 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 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.