Talvivaara Mining Company Plc Corporate Reorganization Progresses

| Source: Talvivaaran Kaivososakeyhtiö Oyj
Stock exchange release
Talvivaara Mining Company Plc
14 April 2014

                Talvivaara's corporate reorganization progresses

                   Reports on the financial status completed

The  reports  on  the  financial  status  of  Talvivaara Mining Company Plc (the
"Company" or "Talvivaara") and its operative subsidiary, Talvivaara Sotkamo Ltd,
have  been  completed  by  the  administrator  of  the corporate reorganization.
According to the administrator, an executable restructuring programme can be set
up  for both the Company and for Talvivaara Sotkamo Ltd, provided that financing
solutions  for  an  interim  period  and  for  the  longer term are achieved. As
previously  announced,  the  Companytogether  with  the  administrator continues
active discussions for securing the additional financing and has already entered
into  an agreement  with Nyrstar  Sales and  Marketing AG  ("Nyrstar") on a loan
facility  of  up  to  20 million  euros  and,  subject to securing the long term
financial  solution, an option to  enter into a streaming  holiday from the zinc
streaming  agreement. During  the streaming  holiday the  Company would sell the
zinc  concentrate to  Nyrstar at  market terms,  which would  have a significant
additional financing impact to Talvivaara.


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.