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Press release 20 January 2012 Dannemora notifies the start of its mining operations

Dannemora Mineral AB notified the Mining Inspectorate of Sweden that it started mining operations from 13 January 2012. This notification has to be made before operations can start in accordance with Section 57 of the Swedish Minerals Ordinance.

This notification relates to the initial underground work that will be carried out in the Dannemora iron ore mine, which forms part of the preparations for the future production of iron ore.

The previous plan to start operations at the new sorting plant in the second quarter of 2012 remains in place.

For further information, please contact: Staffan Bennerdt, CEO
Telephone: +46 (0)295- 24 44 22 staffan.bennerdt@dannemoramineral.se
Dannemora Mineral AB is a mining and exploration company which has as its primary goal the resumption of mining operations in the Dannemora iron ore mine. The Company also engages in exploration activities to increase the iron ore base locally and regionally, and to explore for base and precious metals in several areas in Uppland where the potential for finding mineable deposits is considered good.
Dannemora Mineral comprises the Parent Company Dannemora Mineral AB and the wholly-owned subsidiaries Dannemora Magnetit AB (responsible for operation of the Dannemora mine and the Group's exploration activities) and Dannemora Förvaltnings AB (responsible for the property portfolio).
The Company's most important asset is the iron ore deposit at Dannemora, and activities will initially focus on the planned mining of this deposit.
The Company is listed on Stockholm OMX First North and Oslo Axess. The Company's Certified Advisor at
First North is Remium AB.
The Company's independent qualified person is mining engineer Thomas Lindholm, Geovista AB, Luleå. 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.

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