COMMUNIQUE FROM THE EGM OF DANNEMORA MINERAL APPROVAL OF RIGHTS ISSUE

At an Extraordinary General Meeting on Wednesday 13 March 2013, Dannemora
Mineral AB decided to approve the Board's decision of 15 February on a new issue
of B shares, not exceeding SEK 211 million before issue expenses, with
preferential rights for existing shareholders.

The rights issue

The Annual General Meeting’s approval of the Board's decision to issue new
shares essentially means that the Company's existing shareholders are entitled
to subscribe for new B shares in proportion to the number of shares (both A and
B shares) they hold on the record date. One (1) subscription right will be
allotted for each A or B share. Four (4) subscription rights entitle the holder
to subscribe for five (5) new B shares at a subscription price of SEK 11.00 per
B share.

The rights issue will increase the Company's share capital by a maximum of SEK
3,072,080 and the number of shares by a maximum of 19,200,500 B shares. The
Company will raise a maximum of SEK 211 million before issue expenses from the
rights issue.

The record date at Euroclear for participation in the rights issue is 22 March
2013. The subscription period will be from 26 March 2013 to 10 April 2013
(inclusive). The Board reserves the right to extend the subscription period.
After the end of the subscription period, subscription rights that have not been
used will expire and be without value. Trading in subscription rights will be on
First North during the period 26 March to 5 April 2013 (inclusive).

The subscription rights will not be admitted to trading on Oslo Axess.
Shareholders whose shares are registered in the Norwegian VPS system will, as
far as possible, be able to participate in the rights issue on the same terms as
other shareholders. However, for technical reasons, there may be a marginal
difference in the subscription period.

Mandate to issue shares

The rights issue was conditional on bondholders agreeing to certain waivers from
the covenants in the bond agreement. This condition was fulfilled on 12 March
when the bondholders acceded to Dannemora's request. Therefore the Board revoked
the proposal to EGM to mandate the Board to issue new shares. The proposal was
intended for the situation that the requested waivers from the covenants in the
bond agreement would not have been granted before the date for the EGM.
For further information, please contact:
Ralf Nordén, President and  CEO
Telephone 46 709374891
ralf.norden@dannemoramineral.se

or

Niklas Kihl, CFO
Telephone 46295 - 24 44 20, 46730 797 363
niklas.kihl@dannemoramineral.se
Dannemora Mineral AB is a mining and exploration company of which the primary
activity is mining operations in the Dannemora iron ore mine. The Company also
engages in exploration activities to increase the iron ore base locally and
regionally 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 and the Group’s exploration activities) and Dannemora
Förvaltnings AB (responsible for the property portfolio) and Dannemora Iron Ore
Development AB, where parts of the company’s future exploration will be
operated.

The Company’s most important asset is the iron deposit in the Dannemora Mine,
and activity is focused mainly on the mining of this deposit at present.

The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The
Company's Certified Adviser on First North is Remium AB.

The Company's independent qualified person is mining engineer Thomas Lindholm,
Geovista AB, Luleå. Lindholm is qualified as a Competent Person as defined in
the JORC Code based on education and experience in exploration, mining and
estimation of mineral resources of iron, base and precious metals.