Talvivaara's Corp. Reorg.: District Court has granted an extension to the deadlines for submitting proposals for the reorganisation programmes

Stock Exchange Release
Talvivaara Mining Company Plc
21 May 2014



                     Talvivaara's Corporate Reorganisation

  The District Court has granted an extension to the deadlines for submitting
                  proposals for the reorganisation programmes


The  District  Court  of  Espoo  has  granted  an extension to the deadlines for
submitting  the  proposals  for  the  respective  reorganisation  programmes  of
Talvivaara  Mining Company Plc ("Talvivaara" or the "Company") and its operating
subsidiary,  Talvivaara Sotkamo Ltd,  until 30 September 2014 as  applied by the
court  appointed corporate reorganisation Administrator.  According to the prior
District  Court ruling, the proposals for  the reorganisation programmes were to
be submitted by 28 May 2014.

The  Administrator  and  Talvivaara  are  engaged  in discussions with potential
financing  and industrial  partners for  a long-term  financing solution for the
Talvivaara   Group.  Certain  industrial  and  financial  arrangements  for  the
continuation  of  operations  of  the  Company  and  Talvivaara Sotkamo Ltd have
already  been reached so  that the restructuring  programmes can be  set up. The
extension was applied for as submission of the restructuring programme proposals
is  not  considered  feasible  until  sufficient  long-term  financing  has been
secured.



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  NV. Talvivaara is  listed on the London Stock
Exchange  Main Market and NASDAQ  OMX Helsinki and is  included in the FTSE 250
Index. Further information can be found at www.talvivaara.com.

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