Approval of Prospectus

                             APPROVAL OF PROSPECTUS


Reference is made to Press Release from Dannemora Mineral of 16 March 2012
regarding the completed Private Placement.

The share capital has been increased to 15 360 400, divided into 14 160 400 B-
shares with a par value of SEK 0.16 and 1 200 000 A-shares with a par value of
SEK 0,16. Total share capital after the capital increase is SEK 2 457 664. The
capital increase has been duly registrered with the Swedish business Register
(Bolagsverket).

The Financial Supervisory Authority of Norway (Finanstilsynet) approved on 25
April 2012 the following prospectus:

Listing on Oslo Axess of 1,500,000 New Class B Shares in Dannemora Mineral AB
issued through a Private Placement completed on 15 March 2012, at a subscription
price of SEK 69.00 per New Share.

The prospectus is available from www.dannemoramineral.se,  www.first.no and
www.swedbank.no and will also be available free of charge from the business
offices of Dannemora Mineral AB, Svärdvägen 13, SE-182 33 Danderyd, Sweden and
Swedbank First Securities AS, Filipstad Brygge 1, N-0115 Oslo, Norway.

The first day of listing and trading of the New Shares on Oslo Axess is expected
to be on 26 April 2011.

The Press Release can be downloaded from the link below:


[HUG#1605891]