STOCK EXCHANGE RELEASE
Talvivaara Mining Company Plc
30 June 2010


     Talvivaara signs a EUR 100 million corporate revolving credit facility
                   Production ramp-up progressing as expected


Talvivaara  Mining Company  Plc ("Talvivaara"  or the  "Company") is  pleased to
announce that it has signed a EUR 100 million three-year revolving multicurrency
credit  facility with Nordea Bank, Handelsbanken  and Sampo Bank as the mandated
lead  arrangers and lenders. The facility carries  a margin of 300 bps until 31
December  2010 and thereafter a  varying margin of  175-300 bps depending on the
Company's  leverage ratio. Utilisation fees of  25 bps and 50 bps are applicable
on  drawings  exceeding  50% and  75% respectively  of  the facility amount. The
facility is intended for general corporate purposes.

Production  ramp-up at the Talvivaara mine is progressing according to plan with
nickel  production volumes increasing from 628 tonnes  in April to 808 tonnes in
May  and to more than 1,200 tonnes in  June to date. Following the first quarter
nickel  production of 610 tonnes, the  recent development verifies a progressive
ramp-up   with   significant  improvement  in  all  production  processes.  Zinc
production during the second quarter has so far exceeded 5,500 tonnes.

Talvivaara  reiterates its production guidance of 15,000-25,000 tonnes of nickel
for  the  current  year,  with  the  range  above  15,000 tonnes relating to the
back-precipitated nickel inventory in heap section 1, where it remains uncertain
how quickly the metal can be released to production.

CEO  Pekka Perä commented: "The signing  of the EUR 100 million revolving credit
facility  marks  the  financial  completion  of  the Talvivaara mine project and
concludes  our transformation  into an  operating entity.  This is  an important
milestone  for us  because it  increases our  financial flexibility and range of
options going forward."


ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, CFO

Merlin PR Tel: +44 207 653 6620
David Simonson
Anca Spiridon


Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals producer
with  its  primary  focus  on  nickel  and  zinc  using  a  technology  known as
bioheapleaching  to extract metals out  of ore. Bioheapleaching makes extraction
of  metals  from  low  grade  ore  economically  viable. The Talvivaara deposits
comprise  one of the largest known sulphide  nickel resources in Europe. The ore
body  is sufficient  to support  anticipated production  for at  least 46 years.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output  of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming  agreement with Nyrstar  NV. Talvivaara is  listed on the London Stock
Exchange  Main Market and NASDAQ  OMX Helsinki and is  included in the FTSE 250
Index. Further information can be found at www.talvivaara.com.




[HUG#1428486]





    Talvivaara signs a EUR 100 million corporate revolving credit facility: http://hugin.info/136227/R/1428486/375849.pdf



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		Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE