Uppsala, January 14th, 2010

Publication of prospectus and release of new information regarding size of investment and dividend policy

Nordic Mines AB (publ) today publishes a prospectus regarding an offer to subscribe for new shares with preferential rights for existing shareholders and for listing of shares for trading.

As previously announced, the company has decided to execute a combination of a directed share issue and a preferential rights issue totalling approximately 240 million SEK. Nordic Mines’ Board of Directors has prepared a prospectus regarding the share issues, which has been approved and registered by the Swedish Financial Supervisory Authority.

Prospectus and application forms relating to the preferential rights issue are available on the company's website, www.nordicmines.se, and can be ordered by telephone from the company, +46 18-84 34 500, or Avanza Bank AB, +46 8-562 25 120.

Summary of terms for the preferential rights issue:
Ten (10) existing shares entitle to subscription of one (1) new share
Record date for obtaining subscription rights: January 14th, 2010
Issue price: 26 SEK per share
Subscription period: January 20th - February 5th, 2010
Trading in subscription rights: January 20th - February 2nd, 2010
The preferential rights issue has been fully guaranteed through share subscription commitments and underwriters


New information with respect to disclosure in the prospectus.

Investment in Laiva
The measured and indicated mineral resource of Laiva has, over time, increased in size. Therefore, the company will construct a concentrator capable of somewhat higher capacity than previously planned. The total investment size for the Laiva project is estimated to approximately 700 million SEK. In addition, a contingency reservation of approximately 10 percent of the investment size will be added.

Of the total investment size, about 100 million SEK refer to mills, of which more than 80 million SEK have already been paid, while the remaining amount has been reserved. 
 
Dividend Policy
The management team and Board of Directors project that the company will reach full production in Laiva in 2011, thus generating a positive cash flow. Therefore, the Board of Directors has decided upon a new dividend policy:

The company shall annually propose a dividend which, over time, is equivalent to 30-50 percent of the company’s profit after tax. However, the company’s liquidity position, future revenues, financial condition, capital requirements, and status in general must be taken into account.

For further information, please contact:
Michael Nilsson, CEO
Phone: +46 18-84 34 500
E-mail: mille@nordicmines.se


This press release cannot be made public or distributed, directly or indirectly, in the United States, Canada, Japan, or Australia. No information in this press release should be viewed as an offer to invest or otherwise trade in the shares in Nordic Mines. The proposed offerings will not be directed at people from or residing in the United States, Canada, Japan, Australia, or any other country where participation requires additional prospectus or any other documentation of the offering, registration, or actions beyond Swedish law, except as applicable. No securities in Nordic Mines will be registered according to the United States Securities Act of 1933 or any provincial law of Canada.