Nordic Mining ASA: Award of options to key employees and board members

19 Jun 2025 22:00 CEST

Today, the below primary insiders of Nordic Mining ASA ("Company") have been
awarded and entered into option agreements setting out the terms and conditions
for the following number of options:

· Finn Ivar Marum, CEO, has been awarded 900,000 options, following which he
holds 900,000 options in the Company

· Tord Meling, CFO, has been awarded 500,000 options, following which he holds
500,000 options in the Company

· Kenneth Nakken Angedal, Managing Director Engebø Rutile and Garnet AS, has
been awarded 400,000 options, following which he holds 400,000 options and
22 291 shares in the Company

· Kjell Roland, chair of the board, has been awarded 300,000 options,
following which he holds 300,000 options and 29 523 shares in the Company

· Kjell Sletsjøe, deputy chair of the board, has been awarded 200,000 options,
following which he holds 200,000 options and 17 750 shares in the Company

· Bendicte Nordang, member of the board, has been awarded 200,000 options,
following which she holds 200,000 options in the Company

· Ingrid Eva Kaijser, member of the board, has been awarded 200,000 options,
following which she holds 200,000 options in the Company

· Tom Lileng, member of the board, has been awarded 200,000 options, following
which he holds 200,000 options in the Company

The main terms of the option agreements are as follows:

· The options have a duration of three-years and will vest as follows; 1/3 on
June 30, 2025, 1/3 on June 30, 2026 and 1/3 on June 30, 2027.

· The vesting of and right to exercise options are conditional on the option
holder being employed with - or not in the notice period in - the Company group
or a member of the Company's board of directors, as the case may be, at the date
of vesting and exercise.

· The subscription price for each share subscribed shall be equal to NOK
22,9179, being the 10-day volume weighted average share price of the Company
share prior to the award date.

This information is subject to the disclosure requirements pursuant to Article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

Oslo, June 19[th], 2025

Nordic Mining ASA

Nordic Mining ASA ("Nordic Mining" or the "Company") (www.nordicmining.com) is a
resource company with focus on high-end industrial minerals and metals. The
Company's project portfolio is of high international standard and holds
significant economic potential. The Company's assets are in the Nordic region.
Nordic Mining is undertaking a large-scale construction project at Engebø on the
west coast of Norway where the Company has rights and permits to a substantial
eclogite deposit with rutile and garnet. In addition, Nordic Mining holds
interests in other initiatives at various stages of development. This includes
patented rights for a new technology for production of alumina and exploration
of high purity quartz. Nordic Mining is listed on Euronext Oslo Børs with ticker
symbol "NOM".

More information:
Access the news on Oslo Bors NewsWeb site

649704_Mandatory_notification_of_trade_primary_insiders_June_19_2025.pdf