Dannemora Mineral AB has obtained "Designation of Land" by the Mining Inspectorate of Sweden

During December 2008 Dannemora Mineral AB obtained a "Designation of
Land" by the Mining Inspectorate of Sweden for the planned iron ore
mining at Dannemora. The "Designation of Land", is the last major,
necessary permit issued by the Mining Inspectorate, implies that the
land area necessary for the planned mining operation is permitted and
approved. The permit has been facilitated by the fact that Dannemora
Mineral AB is the sole owner of the required land area. Together with
current permits according to the Building and Planning Act the"Designation of Land" is the last major permit necessary for the
planned mining operation.

This document is a translation of the original press release in
Swedish. In case of divergence, the
Swedish version shall have precedence.


For further information, please contact:

Staffan Bennerdt, Group President
Telephone 0295- 24 44 22
staffan.bennerdt@dannemoramineral.se


Dannemora Mineral AB is a mining and exploration company, with the
main goal to recommence mining operations in the Dannemora iron ore
mine. The Company also engages in exploration activities to increase
the iron ore base locally and regionally, and to explore base and
precious metals in several areas in Uppland where the potential for
finding mineable deposits is considered good.

Dannemora Mineral comprises the parent company Dannemora Mineral AB
and the wholly-owned subsidiaries Dannemora Magnetit AB, responsible
for operation of the Dannemora mine, Dannemora Prospektering AB,responsible for all exploration, and Dannemora Förvaltnings AB,
responsible for the property portfolio.

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

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