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2014-04-28

Nordic Mines AB: Communiqué from Nordic Mines' extraordinary general meetings

PRESS RELEASE, APRIL 28, 2014

Approval of the rights issue and private placements

The Extraordinary General Meeting held in Nordic Mines AB (publ) ("Nordic
Mines" or the "Company") on April 28, 2014 approved the resolution by the
Board of Directors of March 25, 2014 on a rights issue for the Company's
shareholders and two private placements directed to long-term investors and
to the Company's creditors, respectively.

The rights issue contains a maximum of 6,483,122,088 shares and a minimum of
5,000,000,000 shares.[1]Each share held on the record date will entitle the
holder to obtain 19 subscription rights and 1 subscription right entitles to
1 new share at a subscription price of SEK 0.03. The Company will receive,
upon full acceptance, not more than approximately SEK 194 million before
issue costs, by way of the rights issue.

The Board of Directors is entitled to, up until the date before the record
date (i.e.
no later than May 4, 2014), withdraw the rights issue. The Board of Directors
intends to use this option in the event that, in the Board of Directors'
opinion, the negotiations with the Company's current lenders on the final
contract documentation regarding write-down of debt have not progressed
satisfactorily.

For each new share in the private placements, SEK 0.03 will be paid and the
number of shares may be increased by a maximum of 3,000,000,000 and
750,000,000.

Amendments of the articles of association, etc.

The Extraordinary General Meeting furthermore resolved, in accordance with the
proposals of the Board of Directors, on the following issues relating to the
new issues of shares: amendments of the articles of association, reduction of
the share capital without retirement of shares and a bonus issue.

Issue authorisation of the Board of Directors

The Extraordinary General Meeting resolved to reject the Board of Directors'
proposal for authorisation of the Board of Directors to resolve on new share
issues.

For additional information, please contact:

Lennart Schönning, Chariman of the Board, +46 (0) 18 84 34 500

Thomas Cederborg, CEO, +46 (0) 761 051 310

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

Uppsala, April 28, 2014

On behalf of Nordic Mines AB (publ)

The board of directors

The information above has been made public in accordance with the Securities
Market Act and/or Financial Instruments Trading Act. The information was
published at 15.00 (CET) on April 28, 2014.

Nordic Mines is a Nordic mining and exploration company whose vision is to be
one of the leading gold producers in the Nordics and Europe and a role model
in respecting the environment. The company started mining gold in the Laiva
mine in Finland in summer 2011. These gold deposits are among the largest in
the Nordic region. Exploration is in progress in Finland and in Sweden.
Nordic Mines was established 2005 and have more the 100 employees with head
office in Uppsala, Sweden, The Nordic Mines share is traded on the Nasdaq OMX
Small Cap list in Stockholm.
---------------------------------------[1]If the Company concurrently with the rights issue, receives other capital
(equity or debt), which together with the proceeds of the rights issue is at
least SEK 150m, the increase in number of shares as a result of the rights
issue shall nevertheless be a minimum of 3,000,000,000 shares.

Communiqué from Nordic Mines´extraordinary general meeting
http://hugin.info/138647/R/1780505/608769.pdf

---------------------------------------

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#1780505

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