Talvivaara Mining Company Plc: Reporting Schedule and Operational Update

| Source: Talvivaaran Kaivososakeyhtiö Oyj
Stock Exchange Release
Talvivaara Mining Company Plc
6 August 2014

 Talvivaara's January - June 2014 interim results to be announced on 27 August

         Metals production continued steady through the second quarter

Announcement of January - June 2014 interim results

Talvivaara  Mining Company Plc ("Talvivaara" or  the "Company") will publish its
January  - June 2014 interim  results on 27 August  2014 at approximately 9 a.m.
EET.  The announcement is postponed from  the previously given date of 14 August
2014 due to the Company's ongoing financing negotiations.

January - June 2014 production

In  Q2 2014 Talvivaara produced 3,189t of nickel (Q1 2014: 3,068t) and 5,836t of
zinc  (Q1 2014: 5,725t). For January - June 2014, production amounted to 6,257t
of nickel and 11,562t of zinc (H1 2013: 4,508t of nickel and 7,593t of zinc).

Talvivaara's  metals production was mainly supported  by the good performance of
primary  heaps 1 and 4, which were taken to production during the second half of
2013. However,  as no new ore has been  mined for leaching since November 2013,
the  production  has  been  sustained  by  bleeding  solution from the currently
operating  heaps at higher than designed rates. As a result, the nickel grade in
solution  pumped to the metals plant has decreased  and was at the level of 1.0
g/l at the end of June.

The  average feed  flow to  the metals  recovery plant  during Q2 was 1,349 m3/h
including  all stoppages, but reached the  running rate of 1,600 m3/h regularly.
The  cost efficiency  of production  at the  metals plant  remained satisfactory
despite the declining metal grades in solution.

Talvivaara's  ore production has been suspended since November 2013. Reclamation
of  the old  primary heaps  was commenced  on trial  basis in May, but suspended
again  in  mid-June  due  to  the  Company's  prevailing liquidity situation. In
addition, the use of a surface miner for reclaiming was tested in June, yielding
promising  results.  The  Company  now  continues  evaluating relevant equipment
requirements  for capacity increase and cost savings for the reclaiming function
going forward.

Water management

Treatment and discharge of excess waters from the mine area continued throughout
the  second quarter, but discharge was minimized  in June to avoid exceeding the
permitted  discharge  quotas  for  sulphate  and zinc. Treatment of contaminated
waters  within  the  mining  area  has,  however,  continued despite the limited
discharge rate. Furthermore, emergency volumes in the water storage areas around
the  mine  site  are  at  the  moment  historically large and sufficient for any
unexpected  leakage situations. Excess free water from the gypsum ponds has been
removed down to a level required by normal operations.


Talvivaara's  metals  production  in  the  third  quarter  is  anticipated to be
somewhat  lower than that achieved in the second  quarter due to the lack of new
ore  under leaching and the  continued depletion of the  metals inventory in the
currently  operating  heaps.  Development  of  the production output through the
year-end  2014 and in longer term remains  subject to the success to completion,
timing  and  extent  of  the  financing  transactions  that  are currently being

Steady  production performance in the second  quarter together with the positive
development  in nickel price  and the up  to EUR 20 million  loan facility being
drawn  down from Nyrstar  have provided Talvivaara  with sufficient liquidity to
continue  the corporate  reorganisation and  its operations  in the  short term.
However,  the Company's liquidity  situation remains critical  and to secure the
Group's  long term viability,  Talvivaara continues exploring  the options for a
sustainable financial solution for the Group.

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

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 NASDAQ OMX Helsinki.
Further information can be found at www.talvivaara.com.