Talvivaaran Kaivososakeyhtiö Oyj - Changes board/management/auditors

Talvivaara Mining Company Plc: Management Changes

Stock Exchange Release

Talvivaara Mining Company Plc

11 May 2012



                         Talvivaara Management Changes



Talvivaara  Mining Company Plc  ("Talvivaara" or "the  Company") announces today
changes in the Management to reinforce and achieve the Company`s operational and
financial targets.

Following  the Annual General Meeting of Shareholders on 26 April 2012 Mr. Harri
Natunen  has stepped in  as Chief Executive  Officer. To strengthen and increase
the  efficiency of the management work,  Mr. Natunen has consolidated the former
Executive Committee and Extended Executive Committee.

Also,  in order to promote and achieve the primary targets of the Company and to
improve  the solid foundations for the development of Talvivaara's operations in
Finland,  Mr. Natunen  has appointed  Ms. Maija  Kaski as  Chief Human Resources
Officer,  Mr. Mikko Korteniemi as  Chief Production Officer (Bioheapleaching and
Metals  Recovery) and Mr.  Jari Voutilainen as  Chief Mining Officer (Mining and
Materials  Handling).  Previously  Mr.  Voutilainen  worked  for  the Company as
General Manager of Business Development.

In   addition   to   the  consolidation  of  the  Executive  Committee  and  new
appointments,  former  Chief  Operations  Officer,  Mr.  Lassi  Lammassaari will
continue  to work for  the Company as  Vice President -  Strategic Projects. Mr.
Lammassaari  will focus on  strategically important projects  in the development
and expansion of the Company operations as of 1 June 2012.

Appointments:
Mr. Jari Voutilainen, Chief Mining Officer as of 1 June 2012
Mr. Lassi Lammassaari, Vice President - Strategic Projects as of 1 June 2012
Ms. Maija Kaski, Chief Human Resources Officer as of 1 June 2012
Mr.  Mikko Korteniemi, Chief  Production Officer (Metals  Recovery) as of 1 June
2012

Executive Committee:
Harri  Natunen Chief Executive Officer, Saila Miettinen-Lähde Deputy CEO / Chief
Financial  Officer,  Pekka  Erkinheimo  Chief  Commercial Officer, Kari Vyhtinen
Chief  Investment  Officer,  Eeva  Ruokonen  Chief Sustainability Officer, Maija
Kaski  Chief Human Resources Officer,  Mikko Korteniemi Chief Production Officer
(Metals Recovery), Jari Voutilainen Chief Mining Officer.

ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 712 9800
Harri Natunen, Chief Executive Officer
Saila Miettinen-Lähde Deputy CEO, Chief Financial Officer

Merlin PR Tel: +44 207 726 8400
David Simonson
Anca Spiridon

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#1611289]

Attachments:

Talvivaara Mining Company Plc: Management Changes 11.5.2012.pdf