Publication of supplementary prospectus relating to Nordic Mines rights issue

Not for distribution, directly or indirectly, in or into the United States, Australia, HongKong, Japan, Canada, New Zealand, Singapore or South Africa or in any other jurisdiction where the distribution of this press release would be unlawful

PRESS RELEASE, August 14, 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 Board of Directors of Nordic Mines AB (publ) ("Nordic Mines" or the "Company") has prepared a supplementary prospectus for the prospectus released on May 7, 2014, concerning the rights issue announced on March 26, 2014. The supplementary prospectus has been prepared as a result of the final agreement with the Company's lenders and the composition plans affirmed by Swedish and Finnish court.

The supplementary prospectus has been approved and registered by Finansinspektionen. The prospectus is now available on Nordic Mines (www.nordicmines.com) and Evli Bank 's website (www.evli.com). The prospectus can also be obtained from Evli Bank in Stockholm during office hours +46-8-407 80 00.

The agreement with the Company's lenders includes write down of debt from EUR 45.1m to EUR 12.5m, payment of one-off cost of EUR 2.5m and issue of warrants in Nordic Mines equal to the higher value of 12 percent of outstanding shares in the Company or EUR 2.5m. The agreement includes that the Company accepts great demands when it comes to the preparation of a ramp up plan and a financial model and operating tests. If the Finnish subsidiary does not comply with those demands, an event of default under the facility agreement will be at hand which may result in that the lenders have a right to apply for the Finnish composition plan to lapse.

For additional information, please contact:

Thomas Cederborg, CEO, +46 708 480 521
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 13:30 CET on August 14, 2014.

Nordic Mines is a Nordic mining and exploration company whose goal is to become one of Europes 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