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2016-05-17

Nordic Mines AB: Nordic Mines informs

The English text is an unofficial translation of the Swedish original, and in
the event of any discrepancies between the Swedish text and the English
translation the Swedish text shall take precedence.

PRESS RELEASE, 17 May 2016

Nordic Mines AB (publ) ("Nordic Mines" or the "Company") reported in a
separate press release, as of today, an updated Mineral Resource for the
Laiva project based on the new sorting strategy developed by the management
of the Company in order to prepare for a restart of the Laiva operations. The
Company's intention in the near future is further, as reported on May 12,
2016 in Nordic Mines' interim report for the first quarter 2016, to seek
additional funding in order to finance Nordic Mines during the planning and
preparation phase of the restart process as well as finding a funding
solution to implement the total strategy necessary to restart the Laiva
operations.

In order to achieve a certain degree of flexibility in the funding process
Nordic Mines has decided to postpone the Company's Annual General meeting
(the "AGM"). The AGM will be held in Stockholm on June 30, 2016. Previous
announced date was June 16, 2016

For additional information, please contact:
D. Saradhi Rajan, CEO: +44 743 271 1564

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

The information above has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
published at 08.15 a.m. (CET) on May 17, 2016.

Nordic Mines is a Nordic mining and exploration company. The Laiva mine in
Finland produced gold between 2011 and 2014. The deposit is among the largest
in the Nordic region. Nordic Mines is a member of SveMin and applies its
reporting regulations for public mining and exploration companies. The Nordic
Mines share has been admitted for trading on Nasdaq Stockholm's Small Cap
list. Also refer towww.nordicmines.se.

Press release (PDF)
http://hugin.info/138647/R/2013044/745921.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

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