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



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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1777161]