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2014-04-30

Talvivaaran Kaivososakeyhtiö Oyj: Talvivaara was granted an environmental permit decision relating to its whole operation and uranium recovery

Stock Exchange Release
Talvivaara Mining Company Plc
30 April 2014

Talvivaara was granted an environmental permit decision relating to its whole
operation and uranium recovery

Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces that
its operating subsidiary, Talvivaara Sotkamo Ltd, has today received from the
Northern Finland Regional State Administrative Agency ("AVI") an
environmental permit decision relating to the whole Talvivaara operation and
an environmental permit for the uranium recovery.

The permit decision is not yet final, but will only be applicable when the
potential appeal processes have been completed. Talvivaara operates under the
previously obtained, existing permits until the new permit is final.

Talvivaara will assess the obtained permit decision. Time for appeal to the
Vaasa Administrative Court will end on 30 May 2014. Tentatively Talvivaara
has identified issues in the permit decision for which the Company will
appeal against. All the compensation matters related to the environmental
permit are dealt with in a separate process of AVI.

Talvivaara submitted an environmental permit renewal application and the
uranium recovery environmental permit application separately in the spring of
2011. Thereafter AVI combined the two applications and the applications have
been supplemented several times. It is expected that also the appeal process
in a case this scale will last for years.

Enquiries
Talvivaara Mining Company Plc
Tel +358 20 7129 800

Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO

Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals
producer with its primary focus on nickel and zinc using a technology known
as bioheapleaching to extract metals out of ore. Bioheapleaching makes
extraction of metals from low grade ore economically viable. The Talvivaara
deposits comprise one of the largest known sulphide nickel resources in
Europe. The ore body is estimated to support anticipated production for
several decades. Talvivaara has secured a 10-year off-take agreement for 100
per cent of its main output of nickel and cobalt to Norilsk Nickel and
entered into a long-term zinc streaming agreement with Nyrstar NV. Talvivaara
is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki
and is included in the FTSE 250 Index. Further information can be found
atwww.talvivaara.com.

Environ. permit decision relating to operation and uranium recovery
http://hugin.info/136227/R/1781332/609412.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: Talvivaaran Kaivososakeyhtiö Oyj via Globenewswire

HUG#1781332

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