Sotkamo Silver: Updated ore reserves for Taivaljärvi silver mine

SOTKAMO SILVER AB, (NGM:SOSI) Press release 2012-04-24
UPPDATED ORE RESERVES FOR TAIVALJÄRVI SILVER MINE
Sotkamo Silver is pleased to announce a review and update of the Ore Reserves at the
Taivaljärvi Silver Mine.
Outotec (Finland) Oy was commissioned by Sotkamo Silver Oy to review the mining section of
the Taivaljärvi Mine Bankable Feasibility Study prepared by Wardell Armstrong International
(WAI), Marsh 2012.
The review work was done by Pekka Lovén, MSc(Mining), MAusIMM(CP) of Outotec (Finland)
Oy, a Competent Person as defined by Joint Ore Reserves Committee (JORC, 2004). The
updated ore-reserves are based on the information from March 2012 completed Bankable
Feasibility Study and from the information provided by Sotkamo Silver.
According to the mining schedule the production starts from the open pit and from the 140 level in
the underground mine simultaneously. By doing this the head grade is higher and the total
haulage cost and thus the total mine operating cost is lower compared to previous mining plan.
Total amounts of silver in proven and REPORT probable ore-reserves have increased Sotkamo by Silver 11,6 Oy % to
8 228 494 Oz Ag and silver grade in the Confidential
ore has increased 15,8 % to 86,1 g/t Ag. (2,97 Mt ore
reserves: 86,1 g/t silver; 0,25 g/t gold; by 0,32 % lead and 0,65 % zinc).
kka Lovén According to Outotec: “As a whole the April, mining 20plan th 3 (4)
2012 together with the production schedule of
Sotkamo Silver Oy is well in line with the experience of the author from similar type of deposits,
fulfils the requirements of the JORC code and is suitable for economic and financial calculations.”
The company will now develop and update economic forecast with calculations based on
information from the new ore-reserves, costs and new mining-plan.
The Ore Reserve by Sotkamo Silver Oy shown in the Table below is derived from the stope
by The stope company mining has plan from taking consulting into account and auditing-company the mining recovery KPMG of 90% Oy Ab, (95% ordered , open an pit) updated and
waste economic rock dilution forecast of where 10% the (5%, calculations open pit). are The based diluting on the grade new has information. been defined from block
model; Ag 31.3, Au 0.078, Zn 3600 and Pb 1300 ppm. This diluting grade represents
average mineralized rock outside planned stopes.
Table. Taivaljärvi Ore Reserve, April 2012
SotkamoSilverOyOreReserveStatementfortheTaivaljärviSilvermine
Zinc
Lead
Gold
Silver
OreTonnes
Gategory
Grade Metal Grade Metal Grade Metal Grade Metal
Mt % t % t g/t oz g/t oz
Proven 1.19 0.65 7740 0.34 4011 0.28 10620 90.18 3442141
Probable 1.78 0.65 11562 0.31 5500 0.23 13128 83.40 4786353
TotalProven&Probable 2.97 0.65 19301 0.32 9511 0.25 23748 86.11 8228494
Table. Taivaljärvi Ore Reserve by Sotkamo Silver Oy.
The Ore Reserve shown in the Table above has a mining recovery of 90% (95%, from the open
pit) and waste rock dilution of 10% (5%, in the open pit). The silver-concentration in the diluting
mineralisation has been estimated to be 31 ppm Ag.
The conversion factors, mining recovery and waste rock dilution applied, are considered to
be challenging but achievable with good mine planning and execution practices and taking
the good to fair ground conditions into account.
As a whole the mining plan together with the production schedule of Sotkamo Silver Oy is

“I am very pleased that Outotec have used their experience and expertise to review and improve
our mining-method and mining-schedule. This improvement is a step in our effort to continuously
improve the business as a "Junior Mining" company, about to take a big step to a producing
mining company. I am confident that these measures and continuous improvements is a key to
our success, which will provide an economically viable future”. Says Timo Lindborg, CEO.
Stockholm, April 24, 2012
SOTKAMO SILVER AB (publ.)
Timo Lindborg, CEO
About Sotkamo Silver AB:
Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with regard to
human society and environment. Sotkamo Silver owns, through its subsidiary mineral deposits, which
contains silver and gold in Finland. The Company’s main development project is the Taivaljärvi Silver Mine.
Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration
companies. Sotkamo Silver has chosen to report mineral-resources and ore-reserves according to the
internationally accepted JORC or NI 43-101-code. The company applies International Financial Reporting
Standards (IFRS) as approved by the European Union.
The shares are traded at the Burgundy market place and NGM Equity in Stockholm.
ISIN-code for Sotkamo Silver shares is SE0001057910. The ticker symbol is SOSI. ISIN-code for Sotkamo
Silver warrants is SE0003299718. The ticker symbol is SOSI. TO2
Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi.
For further information contact: Mr. Timo Lindborg, CEO, phone: +358 40 508 35 07