Dannemora Mineral AB: Press Release May 7, 2008

* Assays of old drill cores from Gaddebo nickel occurrence,
    Enköping municipality, show interesting grades of nickel, copper,
    gold, palladium, and platinum:

- 10.3 m core section grading 0.74 % Cu, 0.20 % Ni, 0.31 ppm Pt, 0.08
ppm Pd, and 0.25 ppm Au (Gaddebo Drill hole nr: 1).  
 
- 5.1 m core section grading 0.42 % Cu, 0.24 % Ni, 0.23 ppm Pt, 0.22
ppm Pd, and 0.11 ppm Au (Gaddebo Drill hole nr: 2). 
 
Relogged and assayed drill cores from Gaddebo nickel occurrence
reviled interesting grades of  nickel, copper, gold, platinum, and
palladium
 
Dannemora Prospektering AB has relogged and assayed two drill cores
from the Gaddebo nickel deposit (see Appendix 1). Both drill holes
intersect a sulfide mineralization. They are drilled at approximately
40 m distance from each other at the historic "Björngruvan" in
Gaddebo. Dannemora Mineral AB has two exploration licenses in the
area, Gaddebo 1 and 2, covering some 2,470 hectares.   
 
Drill hole Gaddebo Dh nr 1 intersects a sulphide mineralization at a
depth of 14.0 m. The mineralized core section has a length of 23,0 m
grading 0.48 % Cu including a 10.3 m core section grading 0.74 % Cu,
0.20 % Ni, 0.31 ppm Pt, 0.08 ppm Pd, and 0.25 ppm Au.
 
Drill hole Gaddebo Dh nr 2 intersects the sulphide mineralization at
a depth of 17.2 m. The mineralized core section has a length of 19.8
m grading 0.28 % Cu including a 5.1 m core section grading 0.42 % Cu,
0.24 % Ni, 0.23 ppm Pt, 0.22 ppm Pd, and 0.11 ppm Au.
 
The Gaddebo nickel deposit was mined during 1870-71 and produced
1,432 metric tones nickel ore.  The drill cores are stored at SGUs
drill core storage in Malå. No historic information about assays from
the drill cores were found and it is unknown  when the holes were
drilled.
 
 
Lars-Göran Ohlsson (Board member and Senior Consultant for Dannemora
Mineral AB) and Lennart Falk (major shareholders of Dannemora Mineral
AB ) are  registered as Qualified Persons (QP:s) by Svemin (Swedish
Association of Mines, Mineral and Metal Producers). Lars-Göran
Ohlsson, has reviewed and verified the content of this release.
 
Chemical analyses were carried out using ICP-ME61 and PGM-ICP23
technique, performed by ALS Chemex Ltd's laboratory  (Certificate
Number: CERT-0014168).
 
This document is a translation of the original press release  in
Swedish. In case of divergence, the
 
Swedish version shall have precedence.
 
For further information, please contact: 
 
 Lennart Falk (CEO, Dannemora Prospektering AB), Telephone: 
+46 (0)295 244412
Email: l.falk@telia.com                      .
                                                      
 
You can find more information about Dannemora Prospektering AB and
Dannemora Mineral AB at our website: www.dannemoramineral.se
 
Dannemora Mineral AB is a mining and exploration company, with the
main goal to recommence the mining operations in the Dannemora iron
ore mine. Furthermore the Company is exploring base and precious
metals in several areas in Bergslagen where the potential for finding
feasible mineralizations is considered to be good. 
 
Dannemora Mineral consists of the mother company Dannemora Mineral AB
and the two fully owned subsidiary companies Dannemora Magnetit AB,
responsible for the operations of the Dannemora iron ore mine, and
Dannemora Prospektering AB, responsible for regional and local
exploration. 
 
The Company's most important asset is the iron ore deposit at
Dannemora and the activities will initially mainly focus on the
mining of this deposit. 
 The company's Certified Advisor on First North is E.Öhman J.or
Fondkommission AB.  
 
The full press release can be downloaded from the following link: