Talvivaara Mining Company Plc Uranium Permitting Update 18 January 2012

| Source: Talvivaaran Kaivososakeyhtiö Oyj Talvivaaran Kaivososakeyhtiö Oyj 

Stock Exchange Release

Talvivaara Mining Company Plc

18 January 2012



                           Uranium Permitting Update

 European Commission confirms positive opinion on Talvivaara's uranium recovery
                        process under the Euratom Treaty


Talvivaara  Mining Company Plc  ("Talvivaara") announces that  it has received a
positive  opinion on its  uranium recovery process  from the European Commission
under  the Euratom Treaty ("Treaty").  One of  the main objectives of the Treaty
is  to improve the supply security of nuclear fuel in the European Union. In its
opinion,  the  European  Commission  considers  that  uranium  recovery  at  the
Talvivaara  mine complies with the  goals set by the  Treaty and may improve the
supply security of nuclear fuel in the European Union.

This  opinion is the second  step in the uranium  permitting process and follows
European  Commission approval in November 2011 for Talvivaara's uranium off-take
agreement  with  Cameco  Corporation.  Both  steps  are  a requirement under the
Finnish government licensing procedure.

The  start of uranium production is  further subject to Environmental Permit and
license  from the  Finnish Government  to extract  uranium as a by-product.  The
Environmental  Permit application  for uranium  extraction was  submitted to the
Regional  Environmental Permitting Agency in March  2011 and the decision on the
permit  is expected  during Q2  2012. In April  2010, Talvivaara applied  to the
Ministry  of Employment and  Economy for a  license to extract  uranium as a by-
product,  in accordance  with the  Nuclear Energy  Act.  Approval by the Finnish
Government is expected during Q1 2012.



ENQUIRIES

Talvivaara Mining Company Plc. Tel: +358 20 7129 800
Kari Vyhtinen, Chief Investment 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  estimated  to  support  anticipated  production  for  several decades.
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 at www.talvivaara.com.

[HUG#1578498]

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