Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Listing of Talvivaara Mining Company Plc Stock Options 2007C

Stock Exchange Release

Talvivaara Mining Company Plc

22 March 2012



                   Listing of Talvivaara Stock Options 2007C



The  share subscription period  for Talvivaara Mining  Company Plc stock options
2007C will  commence on 1 April  2012. The Board of  Directors of Talvivaara has
resolved  to  apply  for  listing  of  stock  option  rights 2007C on NASDAQ OMX
Helsinki as of 2 April 2012.

A  total of 2,333,100 option rights 2007C were  issued. There are currently 250
key employees holding a total of 2,333,000 stock options 2007C.

Each  stock  option  2007C entitles  its  holder  to  subscribe for one share of
Talvivaara  at a subscription price  of GBP 2.75. The amount  of the dividend or
return  of capital decided  before share subscription  will be deducted from the
share  subscription price as per the dividend  or return of capital record date.
The share subscription period is 1 April 2012 - 31 March 2014.

Subscriptions  will be  accepted at  Evli Bank  Plc. The  payments for the share
subscriptions  with Stock Options 2007 will be accepted  both in GBP and in EUR.
The  share subscription  price in  EUR will  be determined  by the EUR reference
exchange rate for the GBP computed and published by the European Central Bank on
the day preceding the date of share subscription.


The  terms  and  conditions  of  Talvivaara  Stock  Options 2007 with additional
information are available on

www.talvivaara.com/share-options-plan

or

www.evli.com/web/FI/en/private-clients-and-companies/other-services/incentive-
programs/Talvivaara



ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Erkinheimo, Chief Commercial Officer
Saila Miettinen-Lähde, Chief Financial Officer


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 and is  included in the FTSE 250
Index. Further information can be found at www.talvivaara.com

[HUG#1596401]

Attachments:

Listing of Talvivaara Stock Options 2007C 22.3.2012.pdf