Last trading day in Nordic Mines' shares with preferential right to participate in the rights issue is 20 October 2015

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, October 19, 2015

Nordic Mines AB (publ) (the "Company" or "Nordic Mines") announced on September 21, 2015, that the Board of Directors had, subject to the Extraordinary General Meeting's subsequent approval, resolved on, inter alia, a new issue of shares with pre-emption rights for the existing shareholders (the "Rights issue").

Final terms for the Rights issue were announced on 16 October 2015 in accordance with the following:

• The share capital shall be increased by a maximum of SEK 5,403,043.20.
• The number of shares shall be increased by a maximum of 540,304,320.
• For each share owned on the record day, 10 subscription rights shall be obtained and 1 subscription right entitles to 1 new share.
• For each new share, SEK 0.20 shall be paid.

The following preliminary timetable shall apply for the rights issue:

The notice to the Extraordinary General Meeting is available on Nordic Mines' webpage, www.nordicmines.se.

For additional information, please contact:

Eva Kaijser, CEO, +46 (0)709 320 901

Jonatan Forsberg, CFO, +46 (0)761 051 310

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 8.00 a.m. (CET) on October 19, 2015.

Nordic Mines is a Nordic mining and exploration company. The Company was mining Gold in the Laiva mine in Finland during the years from 2011 to 2014. These gold deposits are 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 is traded on the Nasdaq Stockholm Small Cap list. See also www.nordicmines.se.

IMPORTANT INFORMATION
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Nordic Mines. Any invitation to the persons concerned to subscribe for shares in Nordic Mines will only be made through the prospectus to be published by Nordic Mines on its web site in due course.

This press release may not be published or distributed, directly or indirectly in or into United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.

No subscription rights, OTAs or BTAs (interim shares) or new shares will be registered under the United States Securities Act of 1933 ("Securities Act") or securities legislation in any other state or other jurisdiction in the United States and may not be offered, subscribed, sold or transferred, directly or indirectly within the United States, other than pursuant to an exemption from the registration requirements of the Securities Act and in accordance with securities laws in relevant state or other jurisdiction in the United States.

This press release may contain forward-looking statements which reflect Nordic Mines' current view on future events and financial and operational development. Words such as "intend", "expect", "anticipate", "may", "believe", "plan", "estimate" and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties because they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the real outcome could differ materially from the forward-looking statements.