Dannemora Mineral files for additional 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 May 2015.

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 and until the 13 February 2015 in
November.

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

Karl Ove Grönqvist, acting CFO
Tel 070 283 5307
Karlove.gronqvist@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.