Nordic Mines invites to Extraordinary General Meeting ("EGM")

Notice of Extraordinary General Meeting on April 28, 2014, to process the Board's resolution regarding issuance of new shares, proposal of authorization for the Board to issue new shares  and related proposals in order to be flexible in financing the company and the company reorganization 

Negotiations are underway with lenders and suppliers regarding impairment and a possible offset issue of debt into shares 

Preparations and negotiations to attain necessary funding is under progress 

The updated business plan show positive cash flow 

Postponement of Annual General Meeting ("AGM") to Friday, June 27, 2014 

The work with the company reorganization in Finland and Sweden is making progress. In order to finalize ongoing discussions with various parties, a resolution is required by the shareholders at an EGM, which will take place on April 28, 2014.

The purpose is to ensure enough funding to enable a continued profitable operation of the mine and the process plant.

The company believes that a significant impairment of remaining debt is essential to attain required additional funding. It is also the Company's intention that the remaining debt after impairments will be paid alternatively be converted into shares through an offset issue.

An updated business plan has been produced together with the, within the mining industry, internationally renowned consulting firm SRK Consulting. The business plan shows a positive cash flow during the life of mine at current Gold price levels.

In order to provide flexibility when financing the company and the company reorganization, the Board, provided that the EGM approve, has resolved on private placements to creditors, private placements to investors with long-term interest and a rights issue where the Board has the authority to decide upon the final terms. The record date for the rights issue is May 5, 2014 and the subscription period will be 8-22 May, 2014.The Board will, before the EGM, around April 25, 2014, present the final terms for the new funding. The Board has also proposed that the EGM resolves on an approval of an authority for the board regarding an issue of shares as well as other resolutions to attain the new funding. The Board reserves the rights to revoke one or more of the resolved and/or proposed measures if any of these measures are not necessary to attain new funding and exit the company reorganization.

The AGM will, due to current work with the company reorganization and new funding, be postponed to Friday, June 27, 2014.

For further information, please contact:

Thomas Cederborg, CEO, +46 708 480 521

Lennart Schönning, Chairman of the Board, +46 18 84 345 00

Jonatan Forsberg, CFO, +46 76 105 13 10

For further information regarding Nordic Mines, please connect to www.nordicmines.com

The information above has been made public in accordance with the Securities Market Act and/or Financial Instruments Trading Act. The information was published at 08:00 (CET) on March 26, 2014.

Nordic Mines is a Nordic mining and exploration company whose vision is to be one of the leading gold producers in the Nordics and Europe and a role model in respecting the environment. The company started mining gold in the Laiva mine in Finland in summer 2011. These gold deposits are among the largest in the Nordic region. Exploration is in progress in Finland and in Sweden. Nordic Mines was established 2005 and have more the 100 employees with head office in Uppsala, Sweden, The Nordic Mines share is traded on the Nasdaq OMX Small Cap list in Stockholm.