Nordic Mines share being put on observation status

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 4 August 2016

Nasdaq Stockholm has, after dialogue with Nordic Mines AB (publ) ("Nordic Mines" or the "Company") decided to temporarily give Nordic Mines' share observation status due to the liquidity is not sufficient for the next three months

However, the company has agreed on the terms of financing of USD 500 000 and finalizing terms for a further USD 1000 000 to be drawn down when necessary.

CEO Saradhi Rajan comments: "We feel confident that with the support from our existing large shareholders that we will finalize the short term financing soon. In parallel we are working towards securing the larger financing during the fall which will place the company on a stable long term financial footing"

For further information, please contact:

D. Saradhi Rajan, CEO Nordic Mines: +44 743 271 1564

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

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 04.30 p.m. (CET) on August 4, 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 to www.nordicmines.com