Nordic Mines' rights issue of SEK 236 million fully subscribed

PRESS release, July 9, 2012 The subscription period for Nordic Mines' rights issue ended on July 5, 2012. The final result of Nordic Mines' rights issue shows that 38,873,387 shares, representing approximately 98.9 percent of the offered shares, were subscribed for by the exercise of subscription rights. In addition, subscription forms corresponding to approximately 15 million shares have been received for subscription without subscription rights...

PRESS release, July 9, 2012

The subscription period for Nordic Mines' rights issue ended on July 5, 2012. The final result of Nordic Mines' rights issue shows that 38,873,387 shares, representing approximately 98.9 percent of the offered shares, were subscribed for by the exercise of subscription rights. In addition, subscription forms corresponding to approximately 15 million shares have been received for subscription without subscription rights. Thus, the rights issue is fully subscribed and the underwriting commitments did not need to be utilized. Through the rights issue, Nordic Mines will receive proceeds amounting to approximately SEK 236 million (1) before transaction costs.

A total of approximately 1.17 million shares, subscribed for with subscription rights in the rights issue by Lennart Schönning (through a company), have been paid for through set-off against existing interest bearing loans. Nordic Mines' debt has thus been reduced by approximately SEK 7 million as a result of the transaction.

The 442,260 shares that were subscribed for without subscription rights have been allotted according to the principles outlined in the prospectus. Notification regarding allocation based on subscription without subscription rights will be sent out to those that have been allotted shares on or around July 12, 2012. Payment for shares subscribed for without subscription rights shall be made in cash at the latest on July 17, 2012.

Through the rights issue the share capital of Nordic Mines will increase by SEK 39,315,647 to SEK 78,631,294. The number of shares increases by 39,315,647 to 78,631,294.

The new shares subscribed for with subscription rights are expected to be registered with the Swedish Companies Registration Office on July 11, 2012 and start trading on NASDAQ OMX Stockholm on July 12, 2012. The new shares subscribed for without subscription rights are expected to be registered with the Swedish Companies Registration Office on July 20, 2012 and start trading on NASDAQ OMX Stockholm on July 27, 2012.

For additional information, please contact

Lennart Schönning, Chairman of the Board of Directors, +46 18 84 345 00
Michael Nilsson, CEO, +46 18 84 345 01

For additional information about Nordic Mines, please visit; www.nordicmines.com

Uppsala, July 9, 2012
Nordic Mines AB (publ)

The information above has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 9 pm (CET) on July 9, 2012.

Nordic Mines is a Nordic mining and exploration company whose goal is to be one of the leading gold producers in 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 Sweden. Nordic Mines has 86 employees and its head office is in Uppsala. The Nordic Mines share is traded on the Nasdaq OMX Mid Cap list in Stockholm.

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