Talvivaara Mining Company Plc Corporate Reorganization Progresses

Stock exchange release Talvivaara Mining Company Plc 14 April 2014 Talvivaara's corporate reorganization progresses Reports on the financial status completed The reports on the financial status of Talvivaara Mining Company Plc (the "Company" or "Talvivaara") and its operative subsidiary, Talvivaara Sotkamo Ltd, have been completed by the administrator of the corporate reorganization. According to the administrator, an executable restructuring programme can be set up for both the Company and for Talvivaara Sotkamo Ltd, provided that financing solutions for an interim period and for the longer term are achieved. As previously announced, the Companytogether with the administrator continues active discussions for securing the additional financing and has already entered into an agreement with Nyrstar Sales and Marketing AG ("Nyrstar") on a loan facility of up to 20 million euros and, subject to securing the long term financial solution, an option to enter into a streaming holiday from the zinc streaming agreement. During the streaming holiday the Company would sell the zinc concentrate to Nyrstar at market terms, which would have a significant additional financing impact to Talvivaara. Enquiries Talvivaara Mining Company Plc Tel +358 20 7129 800 Pekka Perä, CEO Saila Miettinen-Lähde, Deputy CEO and CFO Pekka Jaatinen, Attorney-at-Law Tel. +358 20 7765 765 Castrén & Snellman Attorneys Ltd Talvivaara Mining Company Plc Talvivaara Mining Company is an internationally significant base metals producer with its primary focus on nickel and zinc using a technology known as bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction of metals from low grade ore economically viable. The Talvivaara deposits comprise one of the largest known sulphide nickel resources in Europe. The ore body is estimated to support anticipated production for several decades. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc streaming agreement with Nyrstar. Talvivaara is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki. Further information can be found at www.talvivaara.com. Talvivaara's corporate reorganisation proceeds 14.4.2014: http://hugin.info/136227/R/1777161/606491.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire [HUG#1777161]