Corporate reorganisation of Talvivaara Mining Company Plc commences

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| Source: Talvivaaran Kaivososakeyhtiö Oyj
Stock exchange release
Talvivaara Mining Company Plc
29 November 2013



      Corporate reorganisation of Talvivaara Mining Company Plc commences

  Talvivaara Sotkamo Ltd granted time until 18 December 2013 to supplement its
                    application for corporate reorganisation


Talvivaara Mining Company Plc and Talvivaara Sotkamo Ltd applied for a corporate
reorganization  on  15 November  2013 by  filing  related  applications with the
district  court  of  Espoo,  Finland.  Today,  the  district court has taken the
decision to commence a corporate reorganization process in respect of Talvivaara
Mining  Company Plc. Following the withdrawal  of its support to the application
for  corporate  reorganization  of  Talvivaara  Sotkamo  Ltd  by Nyrstar Sales &
Marketing  AG, it seems  possible that the  requisite support from the creditors
will  not be considered  reached. Therefore, Talvivaara  Sotkamo Ltd has applied
and  has been granted time until  18 December 2013 to supplement its application
for  corporate  reorganisation  for  the  purposes  of  providing  an  auditor's
statement.

The  district court of Espoo has  appointed Mr. Pekka Jaatinen, Attorney-at-Law,
from  Castrèn & Snellman Attorneys to act as the administrator in respect of the
corporate  reorganisation of  Talvivaara Mining  Company Plc  and as the interim
administrator  in respect of the  applied corporate reorganisation of Talvivaara
Sotkamo Ltd.


Enquiries

Talvivaara Mining Company Plc   Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO

Pekka Jaatinen, Attorney-at-Law  Tel. +358 20 7765 765
Castrén & Snellman Attorneys Ltd



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.  Talvivaara  is  listed on the London Stock
Exchange  Main Market and NASDAQ OMX  Helsinki. Further information can be found
at www.talvivaara.com.

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