Final result of the Rights Issue
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Reference is made to previous stock exchange announcements by Nordic Mining ASA
("Nordic Mining" or the "Company") relating to the rights issue (the "Rights
Issue") of up to 17,391,304 new shares with a nominal value of NOK 0.60 each
(the "Offer Shares") at a subscription price of NOK 2.30 per Offer Share.

The subscription period for the Rights Issue expired at 16:30 (CET) on 20
November 2018. At the expiry of the subscription period, the Company had
received subscriptions for a total of 18,088,391 Offer Shares. The Rights Issue
was oversubscribed by approximately 4%.

The Board of Directors of the Company has today approved the final allocation of
Offer Shares in the Rights Issue based on the allocation criteria set out in the
Prospectus dated 2 November 2018. A total of approximately 11.4 million Offer
Shares have been allocated to subscribers on the basis of exercised subscription
rights and approximately 6.0 million Offer Shares have been allocated to holders
of subscription rights as a result of oversubscription. No Offer Shares have
been allocated to subscribers without subscription rights.

The Board of Directors is very grateful for the continued strong support from
its shareholders. Gross proceeds from the Rights Issue is approximately NOK 40
million and will be used for further development of the Engebø rutile and garnet
project towards completion of the definitive feasibility study and for general
corporate purposes.

Letters of allocation and notification of the corresponding subscription amount
to be paid by each subscriber will be distributed today. Payment for the
allocated Offer Shares falls due on Friday 23 November 2018.

The Offer Shares may not be transferred or traded before they are fully paid and
the share capital increase pertaining to the Rights Issue has been registered
with the Norwegian Register of Business Enterprises, expected on or about 29
November 2018. The Offer Shares will be registered with the Company's ISIN
NO0010317340 with the VPS and be traded on Oslo Axess under the Company's
trading symbol "NOM", expected to occur on or about 30 November 2018.

Following registration of the share capital increase in the Norwegian Register
of Business Enterprises, the share capital of Nordic Mining will be NOK
78,505,063.20 divided into 130,841,772 shares, each with a nominal value of NOK
0.60.

Carnegie AS and Clarksons Platou Securities AS are acting as joint lead managers
for the Rights Issue.

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