Dannemora Mineral AB: Press release, May 5, 2009

Communiqué from the annual general meeting for Dannemora Mineral AB
                     (publ) held on May 4, 2009

An annual general meeting with the shareholders of Dannemora Mineral
(publ) was held on May 4, 2009. The following items of business were
dealt with at the annual general meeting:

Allocation of profits
The annual general meeting adopted the profit and loss account and
the balance sheet for 2008 for the parent company. Furthermore, the
annual general meeting adopted a proposal by the board of directors
for the appropriation of profits not to pay out any dividends for the
financial year of 2008.
The annual general meeting discharged the board of directors and the
managing director from liability for the financial year of 2008.

Election of board of Directors
Nils Bernhard, Lennart Falk, Nils Sandstedt, Lars-Göran Ohlsson,
Christer Lindberg and Niklas Nordström were re-elected as members of
the board of directors.
Nils Bernhard was re-elected as chairman of the board. At the
statutory board meeting after the annual meeting, Nils Sandstedt was
re-elected as vice-chairman of the board.
The annual general meeting decided that an annual amount of SEK
675,000 would be paid as directors' fees, of which the chairman would
receive SEK 225,000, the vice-chairman would receive SEK 150.000 and
the other members of the board would each receive SEK 75,000.

Appointment of an auditor
The annual general meeting decided to appoint Öhrlings
PricewaterhouseCoopers as auditor, with Annika Wedin as person in
charge at the end of the annual general meeting held during the
fourth financial year after the appointment of an auditor.
The annual general meeting decided that auditor's fee would be paid
in accordance with the accepted bill of costs.

Authorisation of the board
The annual general meeting elected to authorise that the board may on
one or more occasions during the period up to the next annual general
meeting decide on a new issue of shares against payment by cash with
preferential right for the shareholders. The preferential right may
refer to the fact that respective class of shares either has the
right to subscribe to shares of the same class of shares or the new
issue only refers to series B shares at which time both classes of
shares shall have the same preferential right.
The annual general meeting also elected to authorise that the board
may on one or more occasions during the period up to the next annual
general meeting decide on a new issue of maximum 1,000,000 shares of
series B without preferential right for the shareholders. In
accordance with the board decision regarding this, payment for newly
issued shares may be made in cash, through set-off, with capital
contributed in kind or otherwise as intended in Chapter2, Section 5,
Paragraph 2 1-3 and 5 in the Swedish Companies Act.
The reason for the divergence from the shareholders' preferential
right is to enable the company to acquire working capital and to
carry out the acquisition of companies and/or the acquisition of
liquid assets.

For additional information, please contact:

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

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



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, which is
responsible for operation of the Dannemora mine and the Group's
exploration activities, and Dannemora Förvaltnings AB, which is
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.