Dannemora Mineral AB

Press Release May 6 2008

New Zink Mineralizations discovered in the Dannemora iron ore field
• Two new drill holes intersect an earlier not known zinc mineralisation: - 7.5 m core section grading 4.5 % Zn (or 18.0 m grading 2.5% Zn).
• - 3.7 m core section grading 2.0 % Zn and a 5.4 m core section grading 1.6 % Zn.
• Relogging of cores from old drill holes reveal another new zinc mineralisation: -14.0 m core section grading 4.1% Zn.

Drill holes indicate a new Zinc Mineralization

A new diamond drilling programme in the southern part of the Dannemora iron ore field commenced in February 2008. The results from the two first drill holes are rather encouraging. Both holes intersect a partly massive sulphide mineralisation consisting of mainly pyrrhotite and pyrite but also some sphalerite.

Drill hole DDH 3012 intersected a semi massive sulphide mineralisation at a depth of approx 115 m. The mineralised core section has a length of 18.0 m grading 2.5% zinc (including a 7.5 m sub-section grading 4.5% zinc). The other drill hole (DBH 3013) was drilled in the same section. At a depth of 105 m it intersected a massive sulphide mineralisation represented by a 3,7 m core section grading 2.0 % zinc and a 5.4 m core section grading 1.6 % zinc. The mineralised section are cut by a felsic dike.

A section across the mineralised zone and a full list of the assay results are presented in Appendix 1.

Two more drill holes have been completed. Both intersected massive to semi-massive sulphide mineralizations. Analytical results from these holes are expected within a couple of weeks.

Zink mineralization indicated in the core from an old drill hole

Relogging of cores from holes drilled in the southern part of the Dannemora iron ore field has revealed an earlier not known zinc mineralization.

A 14 m mineralized core section grading 4.1 % zinc was discovered in DDH 271. The mineralization is located at a depth of about 250 m, in the hanging wall of an iron mineralization. A full list of the assay results from DDH 271 is presented in Appendix 2.

Lars-Göran Ohlsson (board member and Senior Consultant for Dannemora Mineral AB ) and Lennart Falk (major shareholders of Dannemora Mineral AB ) are registered as Qualified Persons (QP:s) by Svemin (Swedish Association of Mines, Mineral and Metal Producers). Lars-Göran Ohlsson, has reviewed and verified the content of this release.

Chemical analyses on zinc were carried out using ICP-ME61 technique, performed by ALS Chemex Ltd´s laboratories in Piteå, Sweden, and Vancouver, Canada (Certificate Number: CERT-0014168).

This document is a translation of the original Press Release in Swedish. In case of divergence, the Swedish version shall have precedence.

For further information, please contact:

Lennart Falk (CEO, Dannemora Prospektering AB), Telephone: +46 (0)295 244412,
Email: l.falk@telia.com

See PDF for Appendix

Senaste pressmeddelanden