PRESS RELEASE, October 21, 2014

In connection with today`s capital market presentation, Nordic Mines has published a Company Update on its website. The Company Update describes Nordic Mines`s present situation, plans for the near future and long-term strategic priorities.

Today, on October 21, Nordic Mines will deliver a capital market presentation for investors, analysts and the media, at Operaterrassen. The presentation is held in light of the significant changes in Nordic Mines`s conditions since the latest financial report was published. With the SEK 152 million rights issue that was completed in September, and the write-downs and composition plans that have reduced Nordic Mines`s debt by SEK 440 million, the company is currently in a new and significantly stronger position.

Nordic Mines has now published the Company Update that will be presented during today`s event. Among other things, the Company Update describes:

• The milestones Nordic Mines will pass on the way towards restarting the Laiva mine during the winter/spring of 2015

• The company`s adjusted and more conservative strategy

• A target of positive EBITDA from Laiva within 6-12 months from restarting the mine

• The company`s long-term focus on cash flow generation

• In a longer perspective - the conditions for resuming exploration

Nordic Mines`s new Company Update can be found here: [LINK]
Today`s capital market presentation can be followed live through webcast here: [LINK]

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 [8:00 a.m. CET] on October 21, 2014.

Nordic Mines is a Nordic mining and exploration company whose goal is to become one of Europe`s 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. Its shares are traded on the Nasdaq OMX Small Cap list. See also www.nordicmines.se

Nordic Mines publishes Company Update

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nordic Mines AB via GlobeNewswire
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