The consideration of charges relating to Talvivaara's gypsum pond leakage and discharges into water ways has been completed


Stock Exchange Release
Talvivaara Mining Company Plc
22 September 2014




 The consideration of charges relating to Talvivaara's gypsum pond leakage and
                 discharges into water ways has been completed

The  consideration of charges, which related  to Talvivaara Mining Company Plc's
("Talvivaara"  or the  "Company") operating  subsidiary Talvivaara Sotkamo Ltd's
("Talvivaara  Sotkamo") gypsum pond leakages of November 2012 and April 2013 and
the  sodium,  sulphate  and  manganese  discharges that exceeded the anticipated
amounts stated in the original environmental permit application of the mine, has
been completed.

According to the information obtained by the Company, the prosecutor has decided
not  to bring  charges against  thirteen specialists  and members  of the middle
management  that were  heard as  suspects. The  prosecutor has  decided to bring
charges  against four  members of  Talvivaara's management,  including CEO Pekka
Perä  and former CEO Harri Natunen. The charges concern aggravated impairment of
the  environment.  The  prosecutor  also  requests  a  corporate fine imposed on
Talvivaara  Sotkamo and  compensation for  the benefit  obtained by  the alleged
crime.

The  Company  has  previously  stated  that,  in  its  view,  no  crime has been
committed.  The  now  completed  pre-trial  investigation  and  consideration of
charges  have given the  Company no reason  to change its  view, and the Company
does  not share the prosecutor's  view of the threshold  for charges having been
met.  The Company welcomes, however, the  opportunity to have the facts relating
to  the matter as well  as the then-current operating  conditions of the Company
discussed in an open court.


Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Tapani Järvinen, Chairman
 Pekka Erkinheimo, Head of Legal & Commercial

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

[HUG#1857361]

Attachments

Consideration of charges re Talvivaara's environmental issues complete.pdf