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2014-08-04

Nordic Mines AB: The application period to subscribe for new shares in Nordic Mines AB (publ) is extended with 7 days until and including August 15, 2014

Not for distribution, directly or indirectly, in or into the United States,
Australia, HongKong, Japan, Canada, New Zealand, Singapore or South Africa or
in any other jurisdiction where the distribution of this press release would
be unlawful

PRESS RELEASE, August 4, 2014

The English text is an unofficial translation of the Swedish original and in
case of any discrepancies between the Swedish text and the English
translation, the Swedish text shall prevail. This is not a legal document

As previously announced, the Board of Directors in Nordic Mines AB (publ)
("Nordic Mines" or the "Company") has intended to extend the application
period should not the conditions for application be fulfilled by the end of
the period.

The Company's lenders have, subject to certain conditions, approved the
Swedish composition plan. However, the final agreements between the Company
and its lenders, regarding the principal conditions including, inter alia,
write-downs of existing claims, are not yet finalized. Thus, the Board of
Directors has decided to prolong the application period for the rights issue
until 17:00 CET on August 15, 2014. The period of trading in subscription
rights is also extended. The last day of trading is on August 12, 2014.

Applications to subscribe for shares in the rights issue, with or without
preferential rights, will be conditional upon that an agreement is reached
between the Company, Nordic Mines Oy and the Company's creditors regarding,
among other things, write-downs of existing claims under the facility
agreement further described in the prospectus and that the Swedish and
Finnish court respectively has determined on composition plans in regards to
the ongoing Swedish company reorganization and the Finnish company
reorganization relating to companies within the Nordic Mines Group.

The Board of Directors has resolved on the following timetable to enable
fulfillment of the conditions:

* The application period is extended until 17:00 CET on August 15, 2014. The
last day of trading in subscription rights is on August 12, 2014.
* Should the conditions for application for subscription be fulfilled and, in
the Board of Directors' opinion, it's expected that the conditioned minimum
amount of the rights issue is achieved, payment instructions will be
distributed after the application period. Full cash payment for the
subscribed shares should be made no later than 17:00 CET on August 29, 2014
according to the instructions on the payment slip.
* The rights issue is expected to be registered at the Swedish Companies
Registration Office during week 36 2014 after which paid subscribed shares
(BTA) will be converted to ordinary shares.
* The final outcome of the rights issue is expected around September 4, 2014.

Should the conditions of the rights issue and for application to subscribe for
new shares not be fulfilled by the last day of the application period on
August 15, 2014, the Board of Directors reserves the right to extend the
period further. This will be announced no later than on August 15, 2014.

Timetable for the rights issue

-------------------------------------------------------------------------------------
|Last day of trading in subscription rights August 12, 2014 |
|Last day to apply for subscription of shares August 15, 2014 |
|Last day for payment of new shares August 29, 2014 |
|Registration at Swedish Companies Registration Office Expected during week 36 2014 |
|Final outcome of the rights issue Around September 4, 2014 |
-------------------------------------------------------------------------------------
Additional information about Nordic Mines and the rights issue

A prospectus describing Nordic Mines and the rights issue and subscription
forms are available at Nordic Mines (www.nordicmines.com) and Evli Bank's
website (www.evli.com). The prospectus can also be obtained from Evli Bank in
Stockholm during office hours, +46 8 407 80 14.

For additional information, please contact:

Thomas Cederborg, CEO, +46 708 480 521
Jonatan Forsberg, CFO, +46 761 051 310

For more information about Nordic Mines, please visit;www.nordicmines.se

The above information may be information that Nordic Mines AB (publ) is
required to disclose under the Securities Market Act and / or the Trading in
Financial Instruments. The information was published at 08:00 CET on August
4, 2014.

Nordic Mines is a Nordic mining and exploration company whose goal is to
become one of Europes leading gold producers and a role model in respecting
the environment. The Laiva mine in Finland commenced gold production in late
2011. The discovery is one of the largest in the Nordic countries.
Exploration is performed in Finland and Sweden. Nordic Mines was founded in
2005 and has almost 100 employees and is headquartered in Uppsala. Its shares
are traded on the Nasdaq OMX Small Cap list.
See also
www.nordicmines.se

Extended application period to subscribe for new shares
http://hugin.info/138647/R/1846103/643325.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic Mines AB via Globenewswire

HUG#1846103

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