Talvivaara Management Change

October 8, 2011 by rich · Leave a Comment
Filed under: Online Conferencing

Stock Exchange Release

Talvivaara Mining Company Plc

7 October 2011

Talvivaara Management Change

Talvivaara Mining Company Plc (“Talvivaara” or “the Company”) announces today
that Pekka Per, the Chief Executive Officer (“CEO”), has settled to the Board
his preference to retire from active senior manager duties over the forthcoming months.
Consequently, the Company will look for to designate a new CEO at the earliest
opportunity, and Mr Per has concluded to go on with his stream duties until
that time. Mr Per has moreover fixed that he intends to go on as an active
member of the Board and to keep his stream shareholding in the Company.

The Board has commenced a finding for a new CEO and will refurbish the marketplace as
appropriate, to make sure a well-spoken handover of responsibilities and effective
transition.

Edward Haslam, Chairman of Talvivaara said: “Pekka Per has worked tirelessly on
behalf of the Company over the past 8 years given its foundation,
successfully bringing the Talvivaara properties in to prolongation over a remarkably
short time of time.”

“Pekkas preference to retire from the day to day running of the Company is part
of Talvivaaras persisting mutation from a start-up plan to a fully
operating mining firm and you are gay that he will go on to provide
his support, useful skill and superintendence on the Board of Directors, where
he will keep an active purpose that will help guide the Company by its next
stage of development.”

Pekka Per, CEO commented: “Bringing Talvivaara from greenfield site in to a
producing nickel cave over the final 8 years, nonetheless not without its
challenges, has been an immensely rewarding experience. As the Company enters
the final state of its growth in to full production, I sojourn committed to
delivering worth for shareholders.”

Talvivaara Mining Company Plc
Edward Haslam, ChairmanTel: +44 207 726 8400 (via Merlin switchboard)
Pekka Per, Chief Executive Officer Tel: +358 20 712 9800

Merlin PR Tel: +44 207 726 8400
David Simonson
Anca Spiridon

CONFERENCE CALL

A conference call on the functional and administration refurbish will be hold on 7
October 2011 at 10:00 GMT/12:00 EET. The call will be hold in English.

Participant – Finland: +358 (0)9 23 114 173
Participant – UK: +44 (0)1452 569 372

Conference ID: 17197066

Talvivaara Mining Company Plc

Talvivaara Mining Company is an internationally poignant bottom metals producer
with its first concentration on nickel and zinc using a technology well known as
bioheapleaching to remove metals out of ore. Bioheapleaching creates extraction
of metals from low rank ore economically viable. The Talvivaara deposits
comprise one of the largest well known sulphide nickel resources in Europe. The ore
body is estimated to encouragement expected prolongation for a few decades.
Talvivaara has feel safe a 10-year off-take consent for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered in to a long-term zinc
streaming consent with Nyrstar NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki and is enclosed in the FTSE 250
Index. Further data may be found atwww.talvivaara.com.

Talvivaara Management Change:
align=justify>
This statement is distributed by Thomson Reuters on interest of
Thomson Reuters clients. The owners of this statement warrants that:
(i) the releases contained herein are stable by