Nordic Mining: Share Capital Reduction Effective

12 May 2026 12:55 CEST

Oslo, 12 May 2026: Reference is made to the resolution by the extraordinary
general meeting of Nordic Mining ASA ("Nordic Mining" or the "Company"), org.nr.
989 796 739, on 9 February 2026, to reduce the share capital by reducing the
nominal value of the Company's shares from NOK 12 to NOK 1.20, cf. section 12-1
of the Norwegian Public Limited Liability Companies Act.

The share capital reduction was registered as effective with the Norwegian
Register of Business Enterprises today, 12 May 2026, following which the
Company's share capital is NOK 150,093,838.80 consisting of 125,078,199 shares,
each with a par value of NOK 1.20.

For further information, please contact:

Tord Meling, CFO

Tel: +47 99 09 87 66

tord.meling@nordicmining.com (finn.ivar.marum@nordicmining.com)

or visit: www.nordicmining.com

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

About Nordic Mining

Nordic Mining ASA is a resource company with focus on critical minerals. The
Company is undertaking a large-scale industrial development at Engebø on the
west coast of Norway through its wholly owned subsidiary, Engebø Rutile and
Garnet AS, which has mining rights and permits to a substantial eclogite deposit
with rutile and garnet. In addition, the Group holds a landowner agreement for
exploration and development of a high purity quartz deposit in the Kvinnherad
Municipality in Norway and is currently conducting a test work program where
bulk samples from the deposit will be used for pilot scale processing of high
purity quartz product through a full cycle process. Nordic Mining's project
portfolio is of high international standards and holds significant economic
potential. The assets, and in particular the wholly owned Engebø Project,
provide a solid value basis for Nordic Mining's shareholders. Nordic Mining is
listed on Oslo Stock Exchange

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