Drill holes in the southern part of the Dannemora Iron Ore Field confirm new zinc mineralization

* Three additional drill holes intersect newly discovered zinc
  mineralization:

- 4.55 m core section grading 2.97 % Zn (or 13.05 m grading 1.77 %
Zn) (drill hole 3014).

- 3.23 m core section grading 12.16 % Zn (or 18.40 m grading 2.88 %
Zn)
(drill hole 3015).

- 4.92 m core section grading 1.48 % Zn (drill hole 3016).

- Interesting silver grades in drill holes 3015 and 3016.

Diamond drill holes drilled by Dannemora Prospektering AB intersect
zinc mineralization in the southern part of the Dannemora Iron Ore
Field

Dannemora Prospektering AB is pleased to announce the results of
three drill holes at the "Södra fältet" zinc project adjacent to the
Dannemora Iron Mine in south central Sweden.

The "Södra fältet" project is located within the Dannemora mining
concession, fully owned by Dannemora Mineral AB.

During spring 2007, a 1500 m drilling program was carried out at the"Södra fältet" project. The area has been known for several small but
high grade zinc mineralizations in association with iron ores.
Drilling was further complemented with a borehole TEM (Time Domain
Electro Magnetic) survey, preformed by Crone Geophysics Ltd.
Interpretation of geophysical data indicated a strong conductor south
of the surveyed drill holes.

Diamond drilling commenced in February 2008. A total of five drill
holes (with 40 m spacing between holes along three profiles)
comprising 834 m have been drilled to test the TEM conductor.

The results from the final three drill holes confirm results from the
TEM conductor and the two first drill holes. The here presented drill
holes intersect a partly massive sulphide mineralization consisting
of mainly pyrrhotite and pyrite and also sphalerite.

Drill hole 3014 intersected a mineralized zone at a drill hole depth
of approx 133 m. The mineralized core section has a length of 13.05 m
grading 1.77 % zinc (including a 4.55 m sub-section grading 2.97 %
zinc).

Drill hole 3015 intersected a semi-massive sulphide mineralization at
a drill hole depth of approx 90 m. The mineralized core section has a
length of 18.40 m grading 2.88 % zinc (including a 3.23 m sub-section
grading 12.16 % zinc).

Drill hole 3016 intersected a sulphide mineralization at a drill hole
depth of approx 99 m. The mineralized core section has a length of
4.92 m grading 1.48 % zinc.

Drill holes 3015 and 3016 also show interesting grades of silver in
some of the assayed sections. The highest silver grade (106 grams per
tonne) is found in drill hole 3015, in a one metre core section at a
drill hole depth of approx 100 m.

Sections across the mineralized zone and a list of assay results from
all five drill holes from Dannemora Prospektering AB's drilling
program at "Södra fältet" are listed in Appendix 1.

Dr Lennart Falk, CEO Dannemora Prospektering AB: "It is very
encouraging to reach such good results in the very early stage of an
exploration program. We have always regarded the zinc potential in
the Dannemora iron ore field as very promising due to several old
sulphide/zink workings in the area".

Lars-Göran Ohlsson (board member and Senior Consultant for Dannemora
Mineral AB ) and Lennart Falk (major shareholder of Dannemora Mineral
AB ) are registered as Qualified Persons (QP's) by SveMin (Swedish
Association of Mines, Mineral and Metal Producers). Lars-Göran
Ohlsson has reviewed and verified the content of this release.

Chemical analyses on zinc and silver were carried out using ICP-ME61
technique, performed by ALS Chemex Ltd's laboratories in Piteå,
Sweden, and Vancouver, Canada (Certificate Number: CERT-0014168).

For further information, please contact:

 Lennart Falk (CEO, Dannemora Prospektering AB), Telephone:
+46 (0)295 244412
Email: l.falk@telia.com                      .


Staffan Bennerdt: (CEO, Dannemora Mineral AB), Telephone:  +46 (0)295
244422
Email: staffan.bennerdt@dannemoramineral.se

You can find more information about Dannemora Prospektering AB and
Dannemora Mineral AB at our website: www.dannemoramineral.se


Dannemora Mineral AB is a mining - and exploration company, with the
main goal to recommence the mining operations in the Dannemora iron
ore mine. Furthermore the Company is exploring base and precious
metals in several areas in Bergslagen where the potential for finding
feasible mineralizations is considered to be good.

Dannemora Mineral consists of the mother company Dannemora Mineral AB
ant the two fully owned subsidiary companies Dannemora Magnetit AB,
responsible for the operations of the Dannemora iron ore mine, and
Dannemora Prospektering AB, responsible for regional and local
exploration.

The Company's most important asset is the iron ore deposit at
Dannemora and the activities will initially mainly focus on the
mining of this deposit.

The company's Certified Advisor on First North is E.Öhman J.or
Fondkommission AB.

The press release (including tables) can be downloaded from the
following link: