Dannemora Mineral files for extension of company reorganisation

In order to complete the activities to find a long-term financing solution,
Dannemora Mineral has filed for additional extension of the company
reorganisation with the Uppsala District Court. Extension is sought for an
additional three months, until 13 February 2014.

The initial company reorganisation was approved by the Uppsala District Court
for a three months period, until 13 August, 2014 and was extended for three
months until the 13 November 2014 in August.

The root cause of the reorganisation procedure and the application for
extension, is the company's need for capital to meet ongoing liquidity needs and
to undertake the investments necessary to secure the company's future business.
The revised investment plan, announced on 20 October 2014 has been presented to
investors and currently the company is involved in negotiations with the
potential investors. There is interest in investing in the company and the
group, but the discussions are not yet finalised.

The reorganisation refers to the parent company Dannemora Mineral AB and the
subsidiary Dannemora Magnetit AB. The companies’ administrator of reorganisation
Michael Kubu, Ackordscentralen, has approved the applications for extension.

The application for each company is available at Dannemora Mineral's website:
www.dannemoramineral.se/en/investors/reorganisation.
For further information, please contact:

Ralf Nordén, President and  CEO
Telephone 46 70 937 48 91
ralf.norden@dannemoramineral.se

or

Niklas Kihl, CFO
Telephone  46 730 797 363
niklas.kihl@dannemoramineral.se
Dannemora Mineral AB is a mining and exploration company of which the primary
activity is mining operations in the Dannemora iron ore mine. The Company
intends to engage in exploration activities to increase the iron ore base
locally and regionally.The Company’s most important asset is the iron deposit in
the Dannemora Mine, and activity is focused mainly on the mining of this deposit
at present.

The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The
Company's Certified Advisor on First North is Remium Nordic AB.

The Company's independent qualified person is mining engineer Thomas Lindholm,
Geovista AB, Luleå. Thomas Lindholm is qualified as a Competent Person, as
defined in the JORC Code, based on education and experience in exploration,
mining and estimation of mineral resources of iron, base and precious metals.