The Board of Directors and the CEO of Nordic Mines subscribe for shares in the rights issue

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. This is not a legal document.

PRESS RELEASE 29 October 2015

The Chairman and all Directors of Nordic Mines Board of Directors has announced their intention to subscribe for shares in Nordic Mines' rights issue and where applicable equivalent to at least their respective pro rata share. The Company CEO Eva Kaijser has also announced her intention to subscribe for shares in the Company's rights issue.

At full subscription, the rights issue will provide the Company with more than SEK 108 million before issue expenses. The subscription period runs from 26 October 2015 to 9 November 2015 or a later date as decided by the Board of Directors.

For further information, please contact:
Eva Kaijser, CEO,+46 (0)70 932 09 01
Jonatan Forsberg, CFO, +46 (0)76 105 13 10

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

The information presented above has been disclosed pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was published on 29 August 2015 at 3:00 p.m.

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 the Nasdaq Stockholm's Small Cap list. Also refer to www.nordicmines.se.