SOTKAMO SILVER SIGNS AN OPTION AGREEMENT TO PURCHASE THE CONCENTRATION PLANT FROM THE BLAIKEN MINE

Sotkamo Silver has signed an option agreement with Lappland Goldminers
Sorsele AB in bankruptcy, to acquire the concentration plant with all
equipment from Blaiken. The provision for the acquisition is that a
legal Due Diligence is positive by June 30th 2015.


Technical Due Diligence has been carried out with positive results. The
plant is in good condition and well adapted to Sotkamo Silver\'s needs.
Sotkamo Silver\'s intention is to move plant and machinery to the
Company\'s Silver Mine project in Sotkamo municipality, Finland.

The transaction consists of the plant, inclusive equipment for ore
processing, and removable buildings. A final acquisition expects to
reduce the Company\'s total capital need considerably for construction
of the Silver Mine.

\"If the legal Due Diligence proves to be positive, the acquisition will
be realized and I am convinced that we have managed to negotiate an
agreement that is very positive for the Company. The acquisition give us
an opportunity to reduce the capital need considerably at the Silver
Mine and improve the profitability further,” says CEO Timo Lindborg

 

Stockholm, 27th May 2015

Sotkamo Silver AB

Timo Lindborg, CEO

 

Sotkamo Silver AB discloses the information provided herein pursuant to
the Swedish Securities Markets Act and/or the Swedish Financial
Instruments Trading Act

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

The Company\'s press releases and financial reports are distributed via
NGM and are available on www.silver.fi .  For further information please
contact Timo Lindborg, CEO on +46-8-304920.

www.silver.fi

 

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 Equity in Stockholm 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