Benefits to Invest in Silver Mine Project Professor Timo Lindborg, Sotkamo Silver Mining On Top: Helsinki 2013 16-17 September 2013 | Helsinki

1. Benefits to Invest
in
Silver Mine Project
BULLET POINTS
• Effective implementation of the
mining project
• The Entrepreneurial Approach in
Mining
• Sotkamo Silver and how to inform
stakeholders

2. 1
■ Headquarter is in Stockholm, Sweden. The
Company also has an operations office in Oulu
and a field office in Sotkamo, Finland
■ The primary listing is on the NGM Equity stock
exchange in Stockholm with secondary listing on
the Nasdaq OMX Helsinki
■ Current market capitalization is about € 20 million
■ The Company had € 2.9 million of net cash at the
end of Q2 2013
OVERVIEW OF SOTKAMO SILVER

3. 2
• EXPERIENCED MANAGEMENT - WE DELIVER
• LOW TECHNICAL AND GEOLOGICAL RISK
• PROVEN MANAGEMENT TEAM
• FORECASTED OPERATING CASH FLOWS ARE STRONG
• JORC RESERVES AND RESOURCES
• ADITIONAL EXPLORATION TARGET AND POTENTIAL (JORC)
BENEFTS TO INVEST IN SOTKAMO SILVER
2

4. 3
PRESS RELEASE 130828
• THE VOLUME OF THE EXPLORATION TARGET IS
MORE THAN 20 M TON MINERAL RESOURCES
• TOTAL 33 M TON (resources + potential)
• THIS INCREASE THE TARGET SUBSTANTIALLY
“The result of this study shows clearly the great potential, which Silver Mine deposit
has towards depth and strike. This increases the potential of the Silver Mine projektet
and our expectations of the deposit quality. I am certain that the Silver Mine will have
much longer life time than the actual reserves shows today.”
Comments Timo Lindborg, CEO3

5. 4
INCREASED POTENTIAL DOWN TO - 2 000 M
Total Mineral Resource (JORC)
13 Mill.t, Ag 60 g/t
Ore Reserve (JORC) 3 Mill.t, Ag 86 g/t
Exploration Target (JORC)
>20 Mill.t, Ag 60 g/t
Drill Intersections
R-110: 27.25 m, Ag 92 g/t
R-106: 23.40 m, Ag 148 g/t
Open Pit
Mine Decline
Planned Decline
2 Km
500 m

6. 5
SENIOR MANAGEMENT HAVE EXTENSIVE MINING
EXPERIENCE IN THE NORDIC REGION
Timo Lindborg – President &
CEO
■ Doctor of Technology, MSc (
Civil Engineering) and BSc
(Geology). Professor at Oulu
University
■ 35 years experience with
mining projects and Nordic
companies
■ Former Chief Executive Officer
of Endomines AB, Endomines
Oy and Kalvinit Oy
■ Extensive experience in silver
and gold mining projects
■ Born 1955
Ilkka Tuokko – Managing
Director Sotkamo Silver Oy
■ MSc in Geology and
mineralogy from Oulu
University
■ More than 30 years
experience in mining projects,
precious metals and
international mining
companies
■ ”Competent Person” status,
according to Australian JORC
and Swedish SveMin
■ Former Group Geology &
Mining Manager of Mondo
Minerals B.V.
■ Born 1950
pic

7. 6
BOARD OF DIRECTORS HAVE EXTENSIVE MINING
EXPERIENCE IN THE NORDIC REGION
Mauri Visuri – Chairman of the Board (since
2011)
■ MSc in Economics from the University Of
Vaasa
■ Bachelor of Science in Machinery
Engineering from Vaasa Polytechnic
■ Extensive experience in mining and process
industry
■ Mr. Visuri is also Managing Director of
Teknoventure Oy
■ Born 1957
Teuvo Jurvansuu – Board member
(since 2010)
■ 35 years experience in the mining
industry
■ Worked in various mines in Finland
during that period including Vihanti,
Keretti, Enonkoski and Pyhäsalmi
mines
■ In 2001 he entered the position of
Managing Director of Pyhäsalmi Mine
Oy and at the same time, Inmet
Finland Oy (retired in 2009)
■ Born 1948
Joanna Kuntonen-van ‘t Riet – Board
member (since 2012)
■ MSc in Environmental Sciences from the
University of Helsinki
■ Over 13 years experience in
environmental and safety management
in the mining industry
■ Presently Environmental and Safety
Manager at Northland Resources
■ Born 1974
Jarmo Vesanto – Board member
(since March 2013)
■ MSc (Geology and Mineralogy)
■ Member of the Australian Institute of
Mining and Metallurgy
■ More than 30 years experience in
mining and exploration including 10
years in Australia and Canada with
Outokumpu Oyj
■ Currently General Manager - Finland
at Altona Mining Ltd
■ Born 1954

8. 7
Existing Mine Decline (brown)
Planned extension of the decline (green)
Backfill with waste rock
Open pit
Existing ventilation shaft
Year Colour
2014 Green, Brown
2015 Red
2016 Yellow
2017 Blue
2018 Black
2019 – 2021 Grey
RAMP-UP PHASE WILL BENEFIT SIGNIFICANTLY FROM THE EXISTING WORK
Mining plan
■ The existing mine
decline of 2.6 km
and ramp access
(25 m2) , as well as
the vertical
ventilation shaft
extending 350
meters from the
surface, are both
already in place and
ready for
operational use.
■ The projected mine
life is 9 to 10 years
based on current
estimated mineable
ore reserves of
approximately 3.0Mt

9. 8
Top five shareholders
%
ownership
Market value
(EUR’m)
Teknoventure Oy 14.2 3.5
Finnish Industry Investments Ltd 14.2 3.5
Timo Lindborg (through a company) 10.2 2.5
Jouko Jylänki 8.9 2.2
Ilmarinen Mutual Pension Insurance
Company
8.5 2.1
Total top five shareholders 56.0 13.9
Other shareholders 44.0 10.9
Total 100% 24.8
REPUTABLE KEY SHAREHOLDERS WITH EXTENSIVE
EXPERIENCE IN MINING SECTOR INVESTMENTS

10. 9
ORE RESERVES AND MINE ECONOMICS
KEY PROJECT SUMMARY
Ore reserves
Ore
tonnage Ag Grade Ag
Proven 1.19 Mt 90.18 g/t 3 442 141 oz
Probable 1.78 Mt 83.40 g/t 4 786 353 oz
Proven and probable ore reserves 2.97 Mt 86.11 g/t 8 228 494 oz
MINE ECONOMICS
Production of payable silver
0.8 million oz Ag per annum and 7.4
million oz Ag over LOM
Operations commencement date Q4 2014
Average operating cash costs € 10.5 / oz Ag over LOM (US$ 13.7)
Required capital expenditure (including
infrastructure)
€ 30.7 million
Required net financing (including contingency,
working capital and guarantees)
€ 40 million
KPMG Corporate Finance (“KPMG”) has been retained by Sotkamo Silver as exclusive Financial and Strategic adviser
in connection with the Project.

11. 10
FURTHER EXPLORATION POTENTIAL
■ Exploration projects ongoing in
the surrounding Silver Mine
region, with claims made on
plots covering over 3,000
hectares in the Tipasjärvi
greenstone belt
■ The map illustrates locations of
the applied claims (previous
Mining Act) and ore exploration
permit applications
■ Additional prospects include
Hopeavuori (Vammala Migmatite
Zone) in Southern Finland.
Management believe there is significant
potential in these zones

12. 11
Effective implementation of the mining project
There are key points in the mining (development project) process
where the resource model is critical to mining decisions, since the
resource estimate controls financial expectations at each stage.
• Back to basics – There are no guarantees with new technology.
• Conceptual study
• Pre-feasibility study stage
• Feasibility study stage
• Planning for the unforeseeable – do you have plan B or C
• Mining is cyclical - Volatility is the new stability.
• The licence to operate demands better technology and
sustainability.
11

13. 12
DEVELOPMENT STAGES
Timo
Lindborg
12

14. 13
ENTREPRENEURIAL APPROACH
• Use infrastructure by innovative and effective way.
• Acquire knowledge and experience.
• Lack of capital – low cost approach and good cost
control.
• Work hard to create added value.
• Innovations comes from people with expertise and
experience.
21.11.2 Timo Lindborg13

15. 14
INNOVATIVE USE OF INFRASTRUCTURE
• Geological Survey of Finland
• TEKES - National Technology Agency of Finland
• Subsidies
• Ministry of Employment and the Economy
• Municipalities
• Potential customers
• Financiers
• Good project portfolio
21.11.2 Timo Lindborg14

16. 15
WORK HARD TO CREATE ADDED VALUE
Low salaries, long nights, unsafe
future, lost carrier opportunities…
… but lot of hope and fun!
21.11.2 Timo Lindborg15
19 472 m drilling in 172 hole

17. 16
INFORM PROPERLY YOUR STAKEHOLDERS
ETHICS – HONESTY
- The level of the ethics of the Company comes from the entrepreneurs,
owners, management and board.
COMPANY'S GOVERNANCE
- The stock exchange rules and legislation obliges.
- Mining Industry Association’s recommendations
INFORMATION AND COMMINUCATION
- Adequate transparency + credibility
- NI 43 101; JORC; FINNMIN; SVEMIN; CIM; NI 43 101
World bank; EQUDOR PRINCPLES; etc…..
16

18. 17
RULES REDUCE RISKS
•Ni 43 101
•JORC CODE
•SVEMIN
•FINNMIN
•CESR
Committee of
European
Securities Regulators
Timo
Lindborg
17
MINERAL ORE
RESOURCES RESERVES
(IN SITU) (MINEABLE)
Increasing level
of geological
knowledge and
confidence
Consideration of economic,
mining, metallurgical,
marketing, and governmental
factors
PROVEN
MEASURED
PROBABLE
INDICATED
INFERRED
JORC or NI43101 CODE

19. 18
Low risk
mining and
processing
■Deposit mineralogy is simple, well understood and easy to
process, with standard grinding and flotation with recovery above
86%.
Significant
growth
potential
■Geophysical surveys suggest substantial extension to potential
mine life and resource mineralization.
■Exploration mineral resource estimate in the inferred category (NI
43-101 compliant) is 13 Mt of ore for 26 Moz silver at 65g/t (cut-
off grade 30 g/t Ag) + the Exploration target is 20 Mt at 60g/t.
■Substantial pipeline of promising exploration projects in the
surrounding Silver Mine region.
Management
team with
proven track
records
■The management team has wide experience of running mines in
Finland. Both CEO Timo Lindborg and Managing Director Ilkka
Tuokko are experienced mining professionals with a proven track
record of exploration and production.
Environment ■Equator Principles Assessment received with no significant
issues noted.
LOW RISK AND SIGNIFICANT GROWTH POTENTIAL

20. 19
SILVER MINE AREA
THE NECESSARY MINING LICENSE
AND
ENVIRONMENTAL PERMIT RECEIVED

21. 20
KPMG Corporate Finance contacts
Rama Ayman Mikko Harju Tommi Valento
Partner, Global Head Senior Manager, Senior Manager,
Metals & Mining Corporate Finance Corporate Finance Head of Debt Advisory
+44 20 7311 5092 +358 20 760 3288 +358 20 760 3246
Mob. +44 7826 918 994 Mob. +358 50 339 5910 Mob. +358 40 720 8951
rama.ayman@kpmg.co.uk mikko.harju@kpmg.fi tommi.valento@kpmg.fi
PRIMARY CONTACT REGARDING THIS INVESTMENT OPPORTUNITY