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Dannemora Mineral AB: Dannemora Mineral has filed for reconstruction

Dannemora Mineral has filed for company reconstruction with the
Uppsala District Court. The process is financed by a special
reconstruction loan, which is expected to secure the Group's funding
for the initial three months of the reconstruction process.

The decision to apply for reconstruction is based on the fact that the
company has not reached the necessary financing solution in time,
with shortage of liquidity as a consequence. A reconstruction allows
for further discussions with investors about a long-term solution to
secure the company's future business.

The reconstruction covers the parent company Dannemora Mineral AB and
its subsidiary Dannemora Magnetit AB. Mikael Kubu, Ackordscentralen,
is proposed in the application to administrate the reconstruction.

For further information, please contact:
Ralf Nordén, President and CEO
Telephone 46 709374891

Dannemora Mineral AB is a mining and exploration company of which the
primary activity is mining operations in the Dannemora iron ore mine.
The Company intends to engage in exploration activities to increase
the iron ore base locally and regionally.The Company's most important
asset is the iron deposit in the Dannemora Mine, and activity is
focused mainly on the mining of this deposit at present.

The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo
Axess. The Company's Certified Advisor on First North is Remium
Nordic AB.

The Company's independent qualified person is mining engineer Thomas
Lindholm, Geovista AB, Luleå. Thomas Lindholm is qualified as a
Competent Person, as defined in the JORC Code, based on education and
experience in exploration, mining and estimation of mineral resources
of iron, base and precious metals.


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