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Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara received the permission to discharge excess waters - discharge will now commence

   Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara received the permission to
            discharge excess waters - discharge will now commence

Stock Exchange Release
Talvivaara Mining Company Plc
12 February 2013

Talvivaara received the permission to discharge excess waters - discharge will
                                 nowcommence

Talvivaara Mining  Company  Plc ("Talvivaara"  or  the "Company")  has  on  12 
February 2013 received a permit decision  from the Kainuu Centre for  Economic 
Development, Transport and the Environment ("Kainuu ELY Centre") to  discharge 
purified waste waters.

The discharge  permit  combined  with  the  discharge  quota  in  Talvivaara's 
existing environmental permit  allow the  Company to progress  with its  water 
management plans  as planned.  These plans  aim to  prepare for  environmental 
risks caused by excess water  on mine site and in  safety dams as a result  of 
the gypsum pond leakage before the spring melt, and ensure that ore production
can be re-started in July 2013.

The monitoring authority Kainuu ELY Centre permits Talvivaara to discharge 1.8
million m^3 of neutralised waste water into the Vuoksi and Oulujoki waterways,
such that 0.9 million m^3 is discharged into each direction by 30 June 2013.

Additionally Talvivaara can direct 0.5 million m^3 of waters currently in  the 
open pit into the Kuusilampi pond in the vicinity of the pit, and continue  to 
discharge  within  the  1.3  million  m^3  discharge  quota  in  its  existing 
environmental permit.

According to the Kainuu ELY Centre, the permitting authority Northern  Finland 
Regional Administrative Agency ("AVI")  can in addition  to Kainuu ELY  Centre 
resolve upon additional discharges beyond  the now authorized 1.8 million  m^3 
by amending  the  permit  conditions of  Talvivaara's  existing  environmental 
permit. The Kainuu ELY Centre considers  that the process should be  initiated 
at AVI without delay.  Talvivaara has already applied  for removal of the  1.3 
million m^3 annual discharge  quota in connection with  the update process  of 
its existing environmental permit. While the decision on the overall update of
the environmental  permit  is  expected  in  the  spring,  Kainuu  ELY  Centre 
expediting the  matter may  assist  in removing  the discharge  quota  already 
earlier. The Kainuu ELY  Centre can also allow  discharging waters beyond  the 
currently authorized  1.8  million  m^3  if  AVI  has  not  resolved  upon  an 
executable decision on the matter by the time the currently allowed  discharge 
quota is about to be exhausted.

Talvivaara's original  notification  under  Section 62  of  the  Environmental 
Protection Act proposed a discharge requirement  of 3.8 million m^3 in  total. 
However, Talvivaara considers these arrangements and the 1.3 million m^3 quota
in the existing  environmental permit  to enable the  commencement of  planned 
water management  arrangements and  their implementation  in the  short  term. 
Talvivaara believes  these  measures  to  also  enable  the  re-start  of  ore 
production in July 2013 in accordance with the 2013 production plan.  However, 
in order  to achieve  a sustainable  longer-term water  balance and  permanent 
reduction in the operation's risk level, Talvivaara continues to consider  the 
discharge of the  entire 3.8 million  m^3 or  removal of the  1.3 million  m^3 
discharge quota in the existing environmental permit to be necessary.

Talvivaara will commence the neutralisation  and discharge of waters from  the 
mine site without delay in accordance with the Kainuu ELY Centre decision. The
quality of discharged waters is targeted  to be in line with the  requirements 
of Talvivaara's  environmental permit,  and  any impact  of the  discharge  on 
downstream waters is monitored continuously.

Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO

Talvivaara Mining Company Plc
Talvivaara Mining  Company  is  an  internationally  significant  base  metals 
producer with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals  from low  grade ore  economically viable.  The Talvivaara  deposits 
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is  estimated  to support  anticipated  production for  several  decades. 
Talvivaara has secured a  10-year off-take agreement for  100 per cent of  its 
main output  of  nickel  and cobalt  to  Norilsk  Nickel and  entered  into  a 
long-term zinc streaming agreement  with Nyrstar NV.  Talvivaara is listed  on 
the London  Stock  Exchange  Main  Market and  NASDAQ  OMX  Helsinki.  Further 
information can be found at www.talvivaara.com.

Talvivaara received the permission to discharge excess waters 12.2.13

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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
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