Statement from Nordic Mines' Extraordinary General Meeting

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 21, 2015

Statement from Nordic Mines' Extraordinary General Meeting

Nordic Mines AB (publ) (the "Company" or "Nordic Mines") held an Extraordinary General Meeting earlier today in Stockholm, Sweden.

The Extra General Meeting resolved to approve the resolution by the Board of Directors of September 20, 2015, on a rights issue for the Company's shareholders of no more than 540,304,320 shares at a subscription price of SEK 0.20 and with October 22, 2015, as the record date for receiving subscription rights.

The Extraordinary General Meeting further resolved, in accordance with the Board of Directors' proposal, on the following measures related to the rights issue:

1. to amend the share capital limits in the Company's Articles of Association in order to enable the share capital reduction,
2. to reduce the Company's share capital to decrease the share quota value in order to facilitate the rights issue,
3. to amend the share capital limits and the limits to the number of shares in the Company's Articles of Association in order to facilitate the rights issue,
4. to amend the share capital limits in the Company's Articles of Association in order to enable the bonus issue; and
5. on a bonus issue to facilitate the registration of the reduction of the Company's share capital

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In addition to the above, the Extraordinary General Meeting resolved, in accordance with the Board of Directors' proposal, on a conditioned authorisation for the Board of Directors to resolve on new issues.

For additional information and background and reasons for the decision regarding the rights issue, please refer to the Company's press release as of September 21, 2015.

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 above information may be information that Nordic Mines is required to make public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 1:00 p.m. (CET) on October 21, 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.