Talvivaara Mining Company Plc Uranium Permitting Update 18 January 2012

Stock Exchange Release

Talvivaara Mining Company Plc

18 January 2012



Uranium Permitting Update

European Commission confirms positive opinion on Talvivaara's uranium recovery
process under the Euratom Treaty


Talvivaara Mining Company Plc ("Talvivaara") announces that it has received a
positive opinion on its uranium recovery process from the European Commission
under the Euratom Treaty ("Treaty").  One of the main objectives of the Treaty
is to improve the supply security of nuclear fuel in the European Union. In its
opinion, the European Commission considers that uranium recovery at the
Talvivaara mine complies with the goals set by the Treaty and may improve the
supply security of nuclear fuel in the European Union.

This opinion is the second step in the uranium permitting process and follows
European Commission approval in November 2011 for Talvivaara's uranium off-take
agreement with Cameco Corporation. Both steps are a requirement under the
Finnish government licensing procedure.

The start of uranium production is further subject to Environmental Permit and
license from the Finnish Government to extract uranium as a by-product.  The
Environmental Permit application for uranium extraction was submitted to the
Regional Environmental Permitting Agency in March 2011 and the decision on the
permit is expected during Q2 2012. In April 2010, Talvivaara applied to the
Ministry of Employment and Economy for a license to extract uranium as a by-
product, in accordance with the Nuclear Energy Act.  Approval by the Finnish
Government is expected during Q1 2012.



ENQUIRIES

Talvivaara Mining Company Plc. Tel: +358 20 7129 800
Kari Vyhtinen, Chief Investment Officer


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 NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE- 250
index. Further information can be found at www.talvivaara.com.



Talvivaara Uranium Permitting Update 18 January 2012:
http://hugin.info/136227/R/1578498/492394.pdf




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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE

[HUG#1578498]


Unternehmen: Talvivaaran Kaivososakeyhtiö Oyj - ISIN: FI0009014716