Dannemora Mineral AB : Changes in Dannemora's organisation focusing on the ope...

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Press Release 9 January 2012 Changes in Dannemora's organisation focusing on the opening of the iron ore mine

With effect from 1 January 2012, Dannemora group management will comprise Staffan Bennerdt, President and CEO, Niklas Kihl, CFO, Kjell Klippmark, CEO Dannemora Magnetit AB, Jan Vestlund, Head of Sales and Marketing, and Yvonne Gille, Head of Human Resources and Information.

Peter Svensson, who is currently Exploration Manager at Dannemora Mineral AB and part of the executive management group, has, at his own request, resigned at the end of December 2011 in order to take up the position of Senior Geologist för Macarthur Minerals Ltd.

The position of Exploration Manager which Peter Svensson held as a member of group management will remain vacant for an indefinite period. This is because from now until the production start-up, the Dannemora Group is focusing all its resources on the re- opening of the Dannemora iron ore mine. As previously announced, Mats Larsson is responsible for Dannemora's mine-site exploration.

Pär Göting will assume the newly created position of Deputy CEO at Dannemora Magnetit AB. Pär Göting is a mining engineer, and joins the company from Skanska, where he was CEO of Skanska Raise Boring for many years and, more recently, project manager for their underground section. He will be part of the management group of Dannemora Magnetit AB.

For further information, please contact: Staffan Bennerdt, CEO
Telephone: [phone] [e-mail]

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Dannemora Mineral AB is a mining and exploration company which has as its primary goal the resumption of mining operations in the Dannemora iron ore mine. The Company also engages in exploration activities to increase the iron ore base locally and regionally, and to explore for base and precious metals in several areas in Uppland where the potential for finding mineable deposits is considered good.
Dannemora Mineral comprises the Parent Company Dannemora Mineral AB and the wholly-owned subsidiaries Dannemora Magnetit AB (responsible for operation of the Dannemora mine and the Group's exploration activities) and Dannemora Förvaltnings AB (responsible for the property portfolio).
The Company's most important asset is the iron ore deposit at Dannemora, and activities will initially focus on the planned mining of this deposit.
The Company is listed on NASDAQ OMX First North, Stockholm and Oslo Axess. The Company's Certified
Adviser on First North is Remium AB.
The Company´s independent qualified person is mining engineer Thomas Lindholm, Geovista AB, Luleå. Thomas Lindholm is qualified as a Competent Person as defined in the JORC Code based on education and experience in exploration, mining and estimation of mineral resources of iron, base and precious metals.