Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Resource and Operations Update 2008

Talvivaara Mining Company Plc (“Talvivaara” or the “Company”), the Finnish
mining company with a primary focus on nickel, is pleased to announce a
resources and operations update and the financial calendar for 2009. 


Highlights:
o	A significant increase in mineral resources since December 2007 
o	42% increase in Measured and Indicated to 642 mt
o	76% increase in Measured, Indicated and Inferred to 1,004 mt
o	The increased resources contain almost double the amount of nickel and zinc
metal 
o	Project phase nearing completion, production ramp-up progressing
o	USD320m project loan facility has been fully drawn down 
o	Environmental permit final and binding


Mineral Resources Increase
Talvivaara announces a 42% increase (189 million tonnes) in Measured and
Indicated Mineral Resources, as defined by the JORC code, and a 76% increase
(435 million tonnes) in Measured, Indicated and Inferred Resources, as defined
by the JORC code, in the Kuusilampi and Kolmisoppi deposits in Sotkamo,
Finland. The 42% addition now takes the Measured and Indicated Resources to a
total of 642 million tonnes and the total Mineral Resource up to 1,004 million
tonnes. The increased resources contain 2.2 million tonnes (up from 1.3 million
tonnes) of nickel metal and 5.0 million tonnes of zinc metal (up from 2.9
million tonnes), further reaffirming Talvivaara's position as one of the top
nickel mines globally and as an internationally significant zinc producer.

See attached file for full press release

Attachments:

12-04 08 production and resource.pdf