SOTKAMO SILVER’S AGREEMENT OF FINANCING- AND DELIVERY WITH ABB HAS BEEN EXTENDED.

We are happy to announce that the agreement of financing- and delivery between
Sotkamo Silver and ABB Oy, Finland, has been extended until the end of 2015.
The agreement covers engineering, design, delivery and supply of
electrification, automation and instrumentation for the Silver Mine. The value
of the delivery is about 5 million euro.


ABB will participate in future financing-arrangements, where the size of the
funding is dependent on the value of the delivery.

According the Bankable Feasibility Study the total need of financing is about
32 million euro.

"The extension of terms and conditions of the agreement was sought after by
Sotkamo Silver as we have been very pleased with ABB. The Company continues
intensively to investigate different alternatives to find finance for
construction of the Silver Mine. Production is expected to start 12-14 months
after full funding has been obtained," summarizes Dr. Timo Lindborg, CEO of
Sotkamo Silver AB.

 

Stockholm, 16th December 2014.

Timo Lindborg, CEO

 

 

About Sotkamo Silver AB:

Sotkamo Silver AB´s business concept is to exploit mineral deposits in the
Nordic countries with regards to human society and environment. Sotkamo Silver
owns, through its subsidiary mineral deposits, which contains silver and gold
in Finland. The Company’s main development project is the Silver Mine project
in the municipality of Sotkamo.

Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for
public mining & exploration companies. Sotkamo Silver has chosen to report
mineral resources and ore reserves according to the internationally accepted
JORC or NI 43-101-code. The company applies International Financial Reporting
Standards (IFRS) as approved by the European Union.

The ticker symbol is SOSI in NGM and SOSI1 in NASDAQ OMX Helsinki. ISIN-code
for Sotkamo Silver shares is SE0001057910.

Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi

For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507

The official Stock Exchange Release is given in Swedish and there may be slight
differences in the translated versions.