Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Completion of Zinc in Concentrate Streaming Agreement with Nyrstar / Repayment of Project Term Loan Facility and Closure of Hedging Positions

Stock Exchange Release

11 February 2010

       Completion of Zinc in Concentrate Streaming Agreement with Nyrstar

    Repayment of Project Term Loan Facility and Closure of Hedging Positions



Talvivaara  Mining  Company  Plc  is  pleased  to  announce  that  its operating
subsidiary  Talvivaara Sotkamo Ltd ("Talvivaara" or the "Company") has completed
its  Zinc  in  Concentrate  Streaming  Agreement  ("Agreement")  with Nyrstar NV
("Nyrstar"), as announced on 25 January 2010.


In  line with  the stated  use of  proceeds set  out in  the announcement of 25
January  2010, Talvivaara has completed the early  repayment of its $320 million
Project Term Loan to the Facility Agent Société Générale, who is responsible for
distributing  the repayment to the syndicate banks. In addition, the Company has
closed all commodity and foreign exchange risk hedging positions associated with
the  Project  Term  Loan  Facility,  realising  additional  net  proceeds of €45
million.

Talvivaara's CEO Pekka Perä commented:"The  completion of the Zinc Streaming  Agreement with Nyrstar, allowing for the
repayment  of our  Project Term  Loan Facility,  affords Talvivaara considerable
financial  and strategic  flexibility. In  addition, the  closure of our hedging
positions  gives us the undiluted exposure to the nickel market envisaged in our
long  term strategy. That  said, we remain  singularly focused on delivering the
ramp up to full production of our operations."

ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 712 9800

Pekka Perä, CEO

Saila Miettinen-Lähde, CFO

Merlin Tel. +44 20 7726 8400

Tom Randell

Anca Spiridon

About Talvivaara Mining Company Plc.

Talvivaara is a Finnish mining company operating a large open pit nickel mine in
Sotkamo,  Finland. Talvivaara aims to become 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 sufficient  to support anticipated production  for at least 46
years.  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  arrangement 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.

About Nyrstar NV

The  partner of choice in essential resources  for the development of a changing
world.  Nyrstar is a leading global multi-metals business, producing significant
quantities  of zinc and lead  as well as other  products (including silver, gold
and  copper).  Nyrstar is listed on NYSE Euronext Brussels under the symbol NYR.
For further information visit the Nyrstar website, www.nyrstar.com.



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