Nordic Mining ASA ("Nordic Mining" or the "Company") is pleased to announce that
the Company through its wholly-owned subsidiary, Nordic Rutile AS, has entered
into agreements for long lead mechanical packages for the Engebø Rutile and
Garnet Project (the "Engebø Project"). Fabrication of the packages will commence
after completion of the project financing for the Engebø Project. The agreements
are made with leading global suppliers of sustainable solutions for the mineral
industry.

The contracts for long lead packages for the process plant that has been
completed ensures access to technical documentation needed for completion of the
detailed engineering of the process plant at Engebø. We are pleased to observe
that current estimates for delivery time and costs are in line with our
expectations, says Project Director for the Engebø Project, Terje Gundersen.

This is an important and risk reducing milestone for the Engebø Project, and we
are pleased to cooperate with leading suppliers on the process technology
packages, says CEO Ivar S. Fossum

Nordic Mining has recently commenced concrete work for the first buildings at
the process plant. Nordic Mining is developing a long-term minerals industry
expected to come in production in the second half of 2024.

For further information, please contact CEO Ivar S. Fossum, telephone +47 930
96 850.

Oslo, 27 February 2023
Nordic Mining AS

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. 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 project development 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 seabed minerals.

Nordic Mining is listed on Euronext Expand Oslo with ticker symbol "NOM".