Dannemora Mineral AB: Press Release

June 10, 2008

June 10th (ABN Newswire) – Dannemora Mineral AB The Board of Dannemora Mineral has called an extraordinary general meeting of shareholders on 24 June 2008 in order to consider

* A proposal authorising the Board to implement a share issue; and * A proposal to issue warrants to key management personnel in the company.

It is the Board’s intention, as soon as possible, after the EGM to implement a private placement of approx. SEK 150 million to finance pumping of the iron ore mine in Dannemora and other time-critical installation work.

In the second half of 2008, the Board plans to complete its ongoing financing discussions and to obtain more of its own and external capital in a coordinated financing programme, to the extent required for the iron ore project in Dannemora.


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