Dannemora Mineral has filed for reconstruction

Dannemora Mineral has filed for company reconstruction with the Uppsala District
Court. The process is financed by a special reconstruction loan, which is
expected to secure the Group’s funding for the initial three months of the
reconstruction process.

The decision to apply for reconstruction is based on the fact that the company
has not reached the necessary financing solution in time, with shortage of
liquidity as a consequence. A reconstruction allows for further discussions with
investors about a long-term solution to secure the company's future business.
The reconstruction covers the parent company Dannemora Mineral AB and its
subsidiary Dannemora Magnetit AB. Mikael Kubu, Ackordscentralen, is proposed in
the application to administrate the reconstruction.
For further information, please contact:
Ralf Nordén, President and  CEO
Telephone 46 709374891
ralf.norden@dannemoramineral.se
Dannemora Mineral AB is a mining and exploration company of which the primary
activity is mining operations in the Dannemora iron ore mine. The Company
intends to engage in exploration activities to increase the iron ore base
locally and regionally.The Company’s most important asset is the iron deposit in
the Dannemora Mine, and activity is focused mainly on the mining of this deposit
at present.

The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The
Company's Certified Advisor on First North is Remium Nordic AB.

The Company's independent qualified person is mining engineer Thomas Lindholm,
Geovista AB, Luleå. Thomas Lindholm is qualified as a Competent Person, as
defined in the JORC Code, based on education and experience in exploration,
mining and estimation of mineral resources of iron, base and precious metals.