Talvivaara Mining Company Plc - Listing of Stock Options 2007B

Stock Exchange Release
Talvivaara Mining Company Plc
17 February 2011


         Talvivaara Mining Company Plc - Listing of Stock Options 2007B


The  share subscription period  for Talvivaara Mining  Company Plc stock options
2007B will  commence on 1 April  2011. The Board of  Directors of Talvivaara has
resolved  to  apply  for  listing  of  stock  option  rights 2007B on NASDAQ OMX
Helsinki as of 1 April 2011.

A  total  of  2,333,100 option  rights  2007B were  issued.  There are currently
approximately  200 key  employees  holding  a  total  of 2,333,100 stock options
2007B.

Each  stock  option  2007B entitles  its  holder  to  subscribe for one share of
Talvivaara  at a  subscription price  of GBP  2.625. The amount  of the dividend
decided  before share subscription will be  deducted from the share subscription
price  as per the dividend record date. The share subscription period is 1 April
2011 - 31 March 2013.

Subscriptions  will be  accepted at  Evli Bank  Plc. The  payments for the share
subscriptions  with Stock Options  2007 will be accepted  both in pound sterling
and in euro. The share subscription price in euro will be determined by the euro
reference  exchange rate  for the  pound sterling  computed and published by the
European Central Bank on the day preceding the date of share subscription.

As  a result of the exercise of  the outstanding stock options 2007B, the number
of  the Talvivaara  shares may  increase by  a maximum  of 2,333,100 new shares,
which accounts for 1 % of the number and voting rights of the outstanding shares
after registering of the new shares.

The  terms  and  conditions  of  Talvivaara  Stock  Options 2007 with additional
information are available on the Talvivaara website.

www.talvivaara.com

or

https://www.evli.com/web/FI/en/private-clients-and-companies/other-
services/incentive-programs/Talvivaara


ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Erkinheimo, Chief Commercial Officer
Saila Miettinen-Lähde, Chief Financial Officer


Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals producer
with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is sufficient to support anticipated production for at least 46 years.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250
Index. Further information can be found atwww.talvivaara.com.

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