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TALVIVAARA SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS 2007A

Stock Exchange Release

Talvivaara Mining Company Plc

19 May 2010

TALVIVAARA SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS 2007A

A total of 4,000 Talvivaara Mining Company Plc's new shares were subscribed for in April 2010 under the company's stock option rights 2007A. The entire subscription price of EUR 10,240.66 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 245,180,718.

The shares subscribed for under the stock options were registered in the Trade Register on May 19, 2010, as of which date the new shares will establish shareholder rights.

Trading in the new shares will begin on NASDAQ OMX Helsinki on May 20, 2010.

The share subscription period for stock options 2007A is between April 1, 2010 and March 31, 2012. On April 30, 2010 a total of 4,000 Talvivaara Mining Company Plc's new shares were subscribed for under the stock option rights 2007A and a total of 2,329,100 stock option rights 2007A remain unexercised.

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

www.talvivaara.com

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