Unique 5 year research project on seabed minerals has started

MarMine is the first comprehensive research program in Norway with primary focus
on the resource potential and technological aspects related to seabed minerals
and mining. Nordic Ocean Resources AS ("NORA") participates in the project
together with 13 other industrial companies and research institutions.

MarMine is coordinated by the Norwegian University of Science and Technology
("NTNU") and has been granted approximately NOK 25 million from the Norwegian
Research Council.
The MarMine project will focus on the following main areas/objectives:

  · To conduct an exploratory and sampling cruise to selected areas of the
Norwegian part of the Mid-Atlantic Ridge ("MAR") to obtain geological, mineral,
environmental and biological samples.
  · To assess the grade and recovery potential of seafloor massive sulphide
("SMS") ore subjected to conventional processing, reveal limitations of existing
technology due to the submarine aspect, as well as investigate the potential for
alternative processing solutions.
  · To deliver a concept for mining and exploitation of the studied deposits
based on the assessment of the rock mechanical properties of the ore and wall
rocks.
  · To assess process mineralogical properties of SMS deposits for use in the
planning of mineral processing tests.
  · To conduct an ecological baseline study and eco-toxicological tests to
assess environmental impact of SMS mining to support guidelines and best
available practices.

An exploration cruise is planned in Q3 2016 for a period of approximately 4
weeks. The cruise will explore for SMS deposits within selected areas on the
MAR. The work will involve sampling using a remotely operated underwater
vehicle.
"We are very enthusiastic about the broad participation from industrial
companies in MarMine. It is a unique project which will lead us to new frontiers
of knowledge," comments Associate Professor Kurt Aasly, Project Manager for
MarMine.
CEO Ivar S. Fossum comments: "We expect that MarMine will bring significant and
valuable information about the future potential of seabed minerals in Norwegian
waters. It will further provide base knowledge on how to develop this as a new
business segment on a global basis."
For questions please contact CEO Ivar S. Fossum, telephone + 47 930 96 850, or
Project Manager Kurt Aasly, +47 934 43 511.
Oslo, 21 January 2016
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA ("Nordic Mining" or "the Company") is a resource company with
focus on high-end industrial minerals and metals in Norway and internationally.
The Company's project portfolio is of high international standard and holds a
significant economic potential. The Company's assets are in the Nordic region.
Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking a large
-scale project development at Engebøfjellet in Sogn and Fjordane where the
Company has rights and permits to a substantial eclogite deposit with rutile and
garnet. Permits for the project were granted by the Norwegian government in
April 2015. Nordic Mining has rights for exploration and production of high
-purity quartz in Kvinnherad in Hordaland and develops the project through its
subsidiary Nordic Quartz AS. Nordic Mining's associated company Keliber Oy in
Finland plans to start mining of lithium bearing spodumene and production of
lithium carbonate. Nordic Mining holds exploration rights on the Øksfjord
Peninsula in Troms and Finnmark, where the Company has discovered a prospective
area of sulphide mineralisation. Through the subsidiary Nordic Ocean Resources
AS, Nordic Mining is exploring opportunities related to seabed mineral
resources.
Nordic Mining is listed on Oslo Axess.