Talvivaaran Kaivososakeyhtiö Oyj : Resolutions of Extraordinary General Meeting of Talvivaara Mining Company

   Talvivaaran Kaivososakeyhtiö Oyj : Resolutions of Extraordinary General
                     Meeting of Talvivaara Mining Company

Stock Exchange Release
Talvivaara Mining Company Plc
8 March 2013

NOT FOR RELEASE, PUBLICATION  OR DISTRIBUTION, DIRECTLY  OR INDIRECTLY, IN  OR 
INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR
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Resolutions of Extraordinary General Meeting of Talvivaara Mining Company Plc

An Extraordinary  General  Meeting  of  Talvivaara  Mining  Company  Plc  (the 
"Company") has on 8 March 2013 resolved  to approve the proposal by the  Board 
of Directors to authorise  the Board of Directors  to undertake a share  issue 
for consideration  pursuant  to  the  shareholders'  pre-emptive  subscription 
right. The Board of  Directors has the  right to decide  upon the offering  to 
parties determined by  the Board of  Directors of any  shares that may  remain 
unsubscribed for pursuant to the shareholders' pre-emptive subscription right.
A maximum  number of  26,000,000,000 new  shares can  be issued  in the  share 
issue. The  Board of  Directors is  authorised to  determine the  subscription 
price for the  new shares  and the  other terms  and conditions  of the  share 
issue. The authorisation of  the Board of Directors  to issue shares is  valid 
until 31 December 2013.

In addition, the Extraordinary General Meeting of the Company has resolved  to 
approve the proposal of  the Board of Directors  to grant an authorisation  to 
the Board of Directors to decide on the issue of up to 600,000,000 new  shares 
through one  or several  share issues  and/or by  granting of  special  rights 
entitling to shares, as referred to in  Chapter 10, Section 1, of the  Finnish 
Companies Act in order to carry out  an adjustment of the conversion price  in 
accordance with  the terms  and conditions  of the  convertible bonds  of  the 
Company due 2013 resulting  from the share issue.  The authorisation is  valid 
until 31 December 2013. The use  of the authorisation is conditional upon  the 
completion of the share issue.

ENQUIRIES
Talvivaara Mining Company Plc +358 20 712 9800
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.

DISCLAIMER

This announcement  is an  advertisement  and not  a prospectus  and  investors 
should not subscribe for or purchase  any shares or securities referred to  in 
this announcement  except  on  the  basis of  information  in  the  applicable 
prospectus which, subject to approval  from the Finnish Financial  Supervisory 
Authority, which are expected to be published by Talvivaara in connection with
the rights issue.  Copies of  the prospectus will,  following publication  and 
distribution, be  available from  Talvivaara's registered  office. Nothing  in 
this announcement should be interpreted as  a term or condition of the  rights 
issue.

The information  contained  herein is  not  for publication  or  distribution, 
directly or indirectly, in or into the United States, Canada, Australia,  Hong 
Kong, South Africa  or Japan.  These written  materials do  not constitute  an 
offer of securities for sale in the  United States, nor may the securities  be 
offered or sold in the United States absent registration or an exemption  from 
registration as provided in the U.S.  Securities Act of 1933, as amended,  and 
the rules and regulations  thereunder. There is no  intention to register  any 
portion of the offering in the United  States or to conduct a public  offering 
of securities in the United States.

The issue,  exercise or  sale of  securities in  the offering  are subject  to 
specific legal or regulatory restrictions in certain jurisdictions. Talvivaara
assumes no responsibility in the event there  is a violation by any person  of 
such restrictions.

The information contained herein shall not constitute an offer to sell or  the 
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in  any jurisdiction in which  such offer, solicitation  or 
sale would be unlawful prior  to registration, exemption from registration  or 
qualification under the  securities laws of  any such jurisdiction.  Investors 
must neither accept any offer for,  nor acquire, any securities to which  this 
announcement refers,  unless  they do  so  on  the basis  of  the  information 
contained in the applicable prospectus published or distributed by Talvivaara.

Talvivaara has not  authorised any offer  to the public  of securities in  any 
Member State of the European Economic  Area other than Finland and the  United 
Kingdom. With respect to each Member State of the European Economic Area other
than Finland and the United Kingdom  and which has implemented the  Prospectus 
Directive (each, a "Relevant Member State"), no action has been undertaken  or 
will be undertaken  to make  an offer to  the public  of securities  requiring 
publication of a  prospectus in any  Relevant Member State.  As a result,  the 
securities may only  be offered  in Relevant Member  States (a)  to any  legal 
entity which is a qualified investor  as defined in the Prospectus  Directive; 
or (b)  in  any  other  circumstances  falling  within  Article  3(2)  of  the 
Prospectus Directive. For the  purposes of this  paragraph, the expression  an 
"offer of securities to the public" means the communication in any form and by
any means  of  sufficient  information on  the  terms  of the  offer  and  the 
securities to be offered so  as to enable an  investor to decide to  exercise, 
purchase or subscribe the securities, as the same may be varied in that Member
State by  any measure  implementing the  Prospectus Directive  in that  Member 
State and  the expression  "Prospectus Directive"  means Directive  2003/71/EC 
(and amendments  thereto, including  the 2010  PD Amending  Directive, to  the 
extent implemented in the  Relevant Member State),  and includes any  relevant 
implementing measure in the Relevant Member State and the expression "2010  PD 
Amending Directive" means Directive 2010/73/EU.

This communication includes forward-looking  statements within the meaning  of 
the securities laws of certain applicable jurisdictions. These forward-looking
statements include,  but  are  not  limited  to,  all  statements  other  than 
statements of  historical facts  contained in  this communication,  including, 
without limitation, those regarding Talvivaara's strategy, plans,  objectives, 
goals and targets. By their  nature, forward looking statements involve  known 
and unknown  risks, uncertainties  and other  factors because  they relate  to 
events and depend on circumstances  that may or may  not occur in the  future. 
Talvivaara cautions you that forward-looking statements are not guarantees  of 
future performance and are based on  numerous assumptions and that its  actual 
results of operations,  including its financial  condition and liquidity,  may 
differ materially from (and  be significantly more  negative than) those  made 
in,  or  suggested  by,  the  forward-looking  statements  contained  in  this 
communication. In  particular,  this  communication  includes  forward-looking 
statements relating to  Talvivaara's plans to  address the recent  operational 
challenges faced  by Talvivaara.  Such  estimates are  based  on a  number  of 
assumptions that are, in  turn, based on  currently available information  and 
judgments based on such information. However, these assumptions are inherently
uncertain and  subject  to  a  wide variety  of  significant  operational  and 
regulatory risks  and uncertainties  that could  cause the  actual outcome  of 
Talvivaara's actions to materially differ from those anticipated.

No statement in this announcement is intended as a profit forecast or a profit
estimate and no statement in this  announcement should be interpreted to  mean 
that earnings  per share  for  the current  or  future financial  years  would 
necessarily match  or  exceed the  historical  published earnings  per  share. 
Prices and values of, and income from, shares may go down as well as up and an
investor may not get back  the amount invested. It  should be noted that  past 
performance is no guide to  future performance. Persons needing advice  should 
consult an independent financial adviser.

J.P. Morgan Securities plc,  which is authorised and  regulated in the  United 
Kingdom by the  Financial Services Authority,  is acting as  sole sponsor  for 
Talvivaara and no one else  in connection with the  rights issue and will  not 
regard any other person (whether or not a recipient of this announcement) as a
client in relation to the rights issue  and will not be responsible to  anyone 
other than Talvivaara for providing the protections afforded to its clients or
for giving advice in  connection with the rights  issue, the contents of  this 
announcement  and  the  accompanying  documents  or  any  other   transaction, 
arrangement or matter referred to herein or therein.

Each of Nordea Bank Finland Plc, Merrill Lynch International, BNP PARIBAS  and 
Danske Bank A/S Helsinki Branch is  acting exclusively for Talvivaara and  for 
no one else in connection with the rights issue and will not regard any  other 
person (whether  or not  a recipient  of  this announcement)  as a  client  in 
relation to the rights issue and will not be responsible to anyone other  than 
Talvivaara for providing the protections afforded to their respective  clients 
or for  providing advice  in connection  with the  rights issue  or any  other 
transaction, arrangement or matter referred to herein.

This announcement should  not be considered  a recommendation by  any of  J.P. 
Morgan Securities plc, Nordea Bank  Finland Plc, Merrill Lynch  International, 
BNP PARIBAS or  Danske Bank  A/S Helsinki Branch  or any  of their  respective 
directors, officers, employees, advisers or any of their respective affiliates
in relation to any purchase of or subscription for securities.

No representation or warranty, express or implied, is given by or on behalf of
any of J.P.  Morgan Securities  plc, Nordea  Bank Finland  Plc, Merrill  Lynch 
International, BNP PARIBAS or Danske Bank A/S Helsinki Branch or any of  their 
respective directors, officers, employees, advisers or any of their respective
affiliates or any other  person as to the  accuracy, fairness, sufficiency  or 
completeness of the information  or the opinions or  the beliefs contained  in 
this announcement (or any part hereof).

None of the information contained in this announcement has been  independently 
verified or approved by any of J.P. Morgan Securities plc, Nordea Bank Finland
Plc, Merrill  Lynch International,  BNP PARIBAS  or Danske  Bank A/S  Helsinki 
Branch or any of their respective directors, officers, employees, advisers  or 
any of their respective affiliates. Save in the case of fraud, no liability is
accepted by  any of  J.P.  Morgan Securities  plc,  Nordea Bank  Finland  Plc, 
Merrill Lynch International, BNP PARIBAS or Danske Bank A/S Helsinki Branch or
any of their  respective directors,  officers, employees, advisers  or any  of 
their respective affiliates for any errors, omissions or inaccuracies in  such 
information or opinions or for any  loss, cost or damage suffered or  incurred 
howsoever arising, directly or indirectly,  from any use of this  announcement 
or its contents or otherwise in connection with this announcement.

No person  has  been  authorised  to  give any  information  or  to  make  any 
representations other than those contained in this announcement and, if  given 
or made, such information or representations  must not be relied on as  having 
been authorised by Talvivaara, any of J.P. Morgan Securities plc, Nordea  Bank 
Finland Plc,  Merrill Lynch  International,  BNP PARIBAS  or Danske  Bank  A/S 
Helsinki  Branch  or  any  other  person.  Subject  to  applicable  rules  and 
regulations, the issue of this  announcement shall not, in any  circumstances, 
create any  implication  that there  has  been no  change  in the  affairs  of 
Talvivaara and  its group  since the  date of  this announcement  or that  the 
information in it is correct as at any subsequent date.

This communication is directed only at (i) persons who are outside the  United 
Kingdom or (ii) persons who  have professional experience in matters  relating 
to investments  falling within  Article 19(5)  of the  Financial Services  and 
Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high
net worth entities, and other persons to whom it may lawfully be communicated,
falling within Article  49(2) of the  Order (all such  persons together  being 
referred to  as "relevant  persons"). Any  investment activity  to which  this 
communication relates will only be available to and will only be engaged with,
relevant persons. Any person who  is not a relevant  person should not act  or 
rely on this announcement or any of its contents.

Neither the content  of Talvivaara's website  (or any other  website) nor  the 
content of any website accessible from hyperlinks on Talvivaara's website  (or 
any other website) is incorporated into, or forms part of, this announcement.

Resolutions of EGM of Talvivaara Mining Co Plc 8.3.13

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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
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