PRESS RELEASE, 18 November 2013 (A translation from Swedish)

The Oulu District Court has approved that the work to establish a corporate reorganization plan at the Finnish subsidiary Nordic Mines Oy shall continue.

The administrator for Nordic Mines Oy has asked the Oulu District Court to extend the time to complete a profitable long term business plan. The Administrator and the company`s management are together investigating the possibility to resume full operation based on sufficient profitability and financing.

The Oulu District Court has approved the time to be extended. The next Finnish court-appointed date to present such a plan is the 3 March 2014.

For further information, please contact:
Thomas Cederborg, CEO, +46 708 480 521
Susanne Andersson, CFO, +46 730 668 904

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 November 18, 2013.

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.

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Source: Nordic Mines AB via Thomson Reuters ONE
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