2011-01-20 20:48:27 CET

2011-01-20 20:48:43 CET


BIRTINGARSKYLDAR UPPLÝSNINGAR

Enska
Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

E SUBSCRIPTIONS BASED ON STOCK OPTIONS 2007A 


Stock Exchange Release

Talvivaara Mining Company Plc

20 January 2011



SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS 2007A

A total of 34,378 Talvivaara Mining Company Plc's new shares were subscribed for
during  the  period  between  1 September  2010 and  31 December  2010 under the
company's  stock  option  rights  2007A. The  entire  subscription  price of EUR
90,579.69 will  be entered  in the  invested unrestricted  equity reserve.  As a
result  of the share subscriptions, the  number of Talvivaara Mining Company Plc
shares will increase to 245,351,096.

The  shares subscribed for under the stock  options were registered in the Trade
Register  on 20 January  2011, as of  which date  the new  shares will establish
shareholder rights.

Trading in the new shares will begin on NASDAQ OMX Helsinki on 21 January 2011.

The  share subscription period for stock  options 2007A is between 1 April 2010
and  31 March  2012. By  31 December  2010 a  total of 174,378 Talvivaara Mining
Company  Plc's  new  shares  were  subscribed  for under the stock option rights
2007A and a total of 2,158,722 stock option rights 2007A remain unexercised.

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

www.talvivaara.com



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 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 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 atwww.talvivaara.com.

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