Talvivaara Mining Company Plc: Talvivaara's corporate reorganisation proceeds

| Source: Talvivaaran Kaivososakeyhtiö Oyj
Stock Exchange Release
Talvivaara Mining Company Plc
17 January 2014

                 Talvivaara's corporate reorganisation proceeds

The  District Court  of Espoo  has today  given its  ruling on certain deadlines
relevant for Talvivaara Mining Company Plc ("Talvivaara") and Talvivaara Sotkamo
Ltd's  ("Talvivaara Sotkamo") corporate reorganisations,  which commenced on 29
November  2013 and  17 December  2013, respectively.  According  to  the ruling,
reports  on the financial  status of both  companies have to  be compiled by 28
March 2014, and proposals for the respective reorganisation programmes by 28 May

For  the  corporate  reorganisations  of  Talvivaara and Talvivaara Sotkamo, the
District Court of Espoo has also appointed creditor committees, which act as the
joint  representatives  of  the  creditors  in the proceedings. Various creditor
groups,  including secured creditors, other debt financiers, as well as business
partners  and subcontractors essential for the operations of both companies, are
represented  in  the  committees.  The  creditor  committees  of  Talvivaara and
Talvivaara Sotkamo have the same composition.


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

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