Talvivaara Mining Company Plc: The Supreme Administrative Court returns the uranium permit for reassessment by the Finnish Government

Stock exchange release
Talvivaara Mining Company Plc
5 December 2013



 The Supreme Administrative Court has returned the decision to extract uranium
                   for reassessment by the Finnish Government

Talvivaara   Mining   Company   Plc   ("Company")  announces  that  the  Supreme
Administrative  Court has today  returned the permit  of 1 March 2012 to extract
uranium  granted to the  Company's operating subsidiary,  Talvivaara Sotkamo Ltd
("Talvivaara Sotkamo"), for reassessment by the Finnish Government. According to
the  Supreme  Administrative  Court  there  have  been  several  changes  in the
operations  of Talvivaara Sotkamo  following the permit  decision, including the
filing  for corporate reorganization  at the Espoo  district court by Talvivaara
Sotkamo  on 15 November 2013. Before  the ruling the  Government should reassess
the   permit   application  documentation  and,  if  needed,  obtain  additional
information  on the economical and safety  related requirements set forth in the
Nuclear Energy Act. The Company continues to assess the decision.


Enquiries

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