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