Dannemora signs iron ore trial delivery agreement with Rogesa

         DANNEMORA SIGNS IRON ORE TRIAL DELIVERY AGREEMENT WITH ROGESA



Dannemora has signed an agreement with German steel company Rogesa
(Roheisengesellschaft Saar mbH) for delivery of approx. 10,000 tonnes of iron
ore products. The delivery will be made in the second quarter of this year and
the iron ore will be used in full-scale production at the company's steelworks,
after which negotiations on long-term supply contracts are expected to begin.

Dannemora Mineral has already signed agreements for trial deliveries of iron ore
products to Austrian steel company Voestalpine and German steel companies
Salzgitter and ThyssenKrupp.
The four companies' total annual iron ore consumption is 37 million tonnes.
Dannemora Mineral will have an annual production of 1.5 million tonnes of iron
ore at full capacity.

Staffan Bennerdt CEO and President of Dannemora Mineral: "We are seeing an
extremely strong market at present and we are also involved in negotiations with
other steel companies for trial deliveries. We expect to be able to publish news
of further agreements during spring.

The first trial delivery we shipped to Voestalpine in December 2009 has
undergone full-scale testing, and the outcome of the testing was completely in
line with the customer's expectations. We expect to initiate negotiations on a
long-term supply agreement with Voestalpine, meanwhile we continue negotiations
with other steel companies. Our biggest challenge at present is managing to
produce iron ore for all the customers wishing to receive trial deliveries from
us".

The Press Release can be downloaded from the link below:


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