Talvivaara Mining Company Plc: Corporate reorganisation of Talvivaara Sotkamo Ltd commences

| Source: Talvivaaran Kaivososakeyhtiö Oyj
Stock exchange release
Talvivaara Mining Company Plc
17 December 2013

          Corporate reorganisation of Talvivaara Sotkamo Ltd commences

Talvivaara  Mining Company Plc announces that, as the requisite support from the
creditors  was reached, the district court of Espoo has today taken the decision
to  commence the corporate reorganisation process  in respect of its operational
subsidiary,  TalvivaaraSotkamo  Ltd.  The  corporate  reorganisation  process of
Talvivaara Mining Company Plc commenced on 29 November 2013.

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

CEO  Pekka  Perä  comments:  "The  decision  by  the  district court of Espoo to
commence the reorganisation process of Talvivaara Sotkamo was as expected and it
clarifies  the  situation  and  improves  our  operational  preconditions  going
forward. With the reorganization process now beginning, we can also continue our
metals  production, which re-commenced  last week after  a one month stoppage of
our  metals recovery plant. Re-start of the plant went according to plan and the
leaching of new ore is also proceeding as anticipated."


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.