Clarification regarding trade in Nordic Mines' paid subscribed shares (BTA)

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PRESS RELEASE, August 13, 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

The trades made in Nordic Mines AB (publ)'s ("Nordic Mines" or the "Company") paid subscribed shares (Betalda Tecknade Aktier, "BTA" in Swedish) on Nasdaq OMX Stockholm ("NASDAQ OMX") on August 12, 2014 have been canceled. No trading in BTA can occur until the condition of the rights issue and the conditions for application for subscription have been fulfilled and payment instructions have been sent to holders of unpaid subscribed shares (Obetalda Tecknade Aktier, "OTA" in Swedish). There are no BTA's issued in Euroclear yet and no BTA's will be issued until the OTA's have been paid for.

Payment instructions for holders of OTA's will not be sent until the condition of the rights issue and the conditions for application for subscription have been fulfilled. Provided that the condition of the rights issue and the conditions for application for subscription fulfills, payment instructions will be sent during week 34 at the earliest. The Company intends to, by way of a press release, announce if and when this occurs.

The steps of the rights issue

Those directly registered shareholders and investors using subscription rights to apply for subscription of new shares will receive OTA's on their VP-accounts. No trading will occur in the OTA's as they are locked on each investor's VP-account. When the condition of the rights issue and the conditions for application for subscription are fulfilled, payment instructions will be sent to those who have applied for subscription. As of payment, the OTA's will be converted to BTA's which will be subject for trading on NASDAQ OMX. BTA's will be booked as regular shares after the rights issue has been registered at the Swedish Companies Registration Office.

For additional information, please contact:

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 13, 2014.

Nordic Mines is a Nordic mining and exploration company whose goal is to become one of Europe's 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