The private placement of 20,000,000 shares was done at a subscription price of NOK 1.00. The par value of the share is NOK 0.10. The share capital was increased by NOK 2,000,000.

 

The capital increase has today been registered with the Register of Business Enterprises, and Nordic Mining's share capital is currently NOK 11,547,009.10.

 

The share capital increase was carried out in two tranches to ensure the swift listing of the shares comprised by the first tranch. In the first tranch there were issued 9,547,009 shares which are immediately tradeable. In the second tranch there were issued 10,452,991 shares. These shares will be listed upon the approval by the Oslo Stock Exchange of a listing prospectus.

 

For questions please contact CFO Lars K. Grøndahl, telephone + 47 - 901 60 941.

 

 

Oslo, 8 February 2010

Nordic Mining ASA

 

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