Norilsk Nickel’s Offer to LionOre Shareholders Expires With Over 97,7% of Shares Tendered

OJSC MMC Norilsk Nickel announced that 241,518,856 common shares of LionOre Mining International Ltd representing in excess of 97.75% of the LionOre common shares outstanding have been acquired, or will be taken up with payment to be made shortly, by Norilsk Nickel under its all-cash offer to acquire all of the issued and outstanding common shares of LionOre for aggregate cash consideration of approximately Cdn$6.8 billion.