FINORE
REPORTS AN INCREASED MINERAL RESOURCE ESTIMATE FOR THE LANTINEN-KOILLISMMA
PROJECT, FINLAND



 



Vancouver, British Columbia ? September 19,
2013.  Finore Mining Inc. (?Finore?
or the ?Company?) announces that it
has filed an independent Technical Report (?Technical Report?) on Sedar
detailing the results on the updated resources and potential on the
Lantinen-Koillismma Project (the ?LK Project?). 
The Technical Report, entitled ?A
Technical Report on the L?ntinen Koillismaa Project, Finland For Finore Mining
Inc.?, was prepared by Mining Plus Canada Consulting
Ltd. (?MP Consulting?), an accredited international mining consulting corporation.  The report complies with the NI 43-101
guidelines.   Further details are provided at the end of the
press release.



 



Summary of Mineral Resource Estimates for LK Project
at a cut-off grade of O.1 g/t Palladium*



 



Kaukua Deposit (Main Zone)



 













































Category

Tonnage Mt

Pd g/t

Pt g/t

Au g/t

Cu %

Ni** %


Indicated

10.4

0.73

0.26

0.08

0.15

0.1

Inferred

13.2

0.63

0.22

0.06

0.13

0.1



 



Haukiaho Deposit (Melarame, Torkoaho and West
Torkoaho zones)



 


































Category

Tonnage Mt

Pd g/t

Pt g/t

Au g/t

Cu %

Ni **%


Inferred

23.2

0.31

0.12

0.10

0.21

0.14


 



* A sharp boundary Pd assay at a cut-off of 0.1 g/t was
interpreted as the waste contact. The high correlation for Pt and Pd means that
both metals can be used for defining the geometry of mineralization for the
Kaukua and Haukiaho deposits. The grade is continuous along the strike of both
deposits. At higher cut-off grades of 0.2 g/t Pd for Haukiaho and 0.3 g/t Pd for
Kaukua the total resource estimates do not change significantly.



**Ni is the total Nickel content



 



?The recent mineral resource estimates place the LK Project as the
second largest undeveloped PGE+Gold deposit in Finland,? said Peter Tegart, President
& CEO of Finore Mining Inc. ?In addition, considerable upside potential
remains to these deposits, with opportunities to expand both deposits along
strike and depth. There is also excellent potential to discover entirely new
deposits within the Koillismaa-Narankavaara intrusive complex which has only been
investigated for a small portion of the strike length as exposed on surface. I
feel confident that we will achieve our objective to efficiently define a
large, economically viable Palladium-Platinum-Gold-Copper-Nickel near-surface
resource bodies through our implementation of (a) increasing the confidence
level of the known mineral resources, (b) expanding the known deposits and (c)
testing for potential new deposits.?



 



The LK
Project is located in north central Finland approximately 60 km north of the Company's
exploration office in the village of Taivalkoski. The property is 130 km ESE of
the town of Rovaniemi and 160 km NE of the port town of Oulu. The LK Project is
accessed by major paved roads and local access on gravel or dirt roads.   The LK Project consists of 40 claims and 5
pending claims totaling 3,787 hectares and cover three distinct ultramafic
blocks within the Koillismaa-Narankavaara intrusive complex.



 



Finore
has an option to earn 100% on the LK Project through the acquisition of Nortec
Minerals Oy (?NorMinOy?), a wholly-owned subsidiary of Nortec Minerals Corp., a
TSX Venture listed Company (?Nortec?).  
Nortec is the majority shareholder and controls 60% of the issued and
outstanding shares of Finore.



 



The LK Project is
comprised of four target areas, Haukiaho, Kaukua, Murtolampi and Lipeavaara.  Over 33,000 metres of drilling by Nortec and
Finore was carried out on Haukiaho and Kaukua, with historical drilling by
Geological Survey of Finland (?GTK?) on the Mutolampi and Lipeavaara zones. 



 



The Haukiaho Target consists
of three mineralized fault separated blocks: West Torkoaho (West) Zone, Torkoaho
(Central) Zone and Melarame (East) Zone. 
The Torkoaho Zone appears to thicken and flatten to the East with only
three drill holes Hau11-10, Hau11-18 and the GTK drill hole R386 drilled over a
strike distance of 400 metres.  As
reported in the Company?s and Nortec?s press releases dated September 11, 2012,
the results from the three drill holes are listed below.  The intersections are core lengths only and
true thicknesses are not calculated.  



 



                Hole Hau11-010: 25.0 metres @ 0.72g/t PGE+Au; 0.23% Cu; 0.18% Ni from 66 metres



               



                Hole R-386: 46.65 metres @ 0.88g/t PGE+Au;  0.30% Cu; 0.20% Ni from 36.05 metres



 



                Hole Hau12-018:
26.0 metres @ 1.01g/t PGE+Au;
0.33% Cu; 0.26% Ni from 104 metres  



                and 31.6 metres @ 1.04g/t PGE+Au; 0.34% Cu;
0.22% Ni from 134m



 



As recommended in the MP Consulting Report a systematic
drilling program is planned along strike and dip from these holes over a length
of 500 metres. The objective of this drilling is to improve the confidence
level of this inferred resource to an indicated category.



 



The West Torkoaho Zone is also planned with infill
drilling to generate an indicated resource from an inferred resource now
estimated in the MP Consulting Report.  As reported in the Company?s and Nortec?s
press releases dated September 11, 2012, the West Torkoaho Zone was identified by
only two holes drilled on the western margins of the Torkoaho Zone where Hau11-16
returned 30 metres grading 1.04g/t PGE+Au, 0.30% Cu and 0.20% Ni including 16.3
metres of 1.45g/t PGE+Au, 0.42% Cu and 0.28% Ni.  These intersections are also core lengths only
and more drilling is required to calculate the true thicknesses.  The West Torkoaho Zone is open along strike
to the west for over 500 metres.  From
the drilling done to date, both Zones have the potential for higher grades than
what was identified to date in the Melarame Zone.  





 





In the Kaukua East
Zone several intersections returned significant results not included in the
resource estimation by MP Consulting and a systematic drilling campaign is
recommended to bring the Kaukua East Zone to resource level.



 



MP Consulting in
consultation with Finore recommends implementation of a two phase program to
increase the size and definition of the Haukiaho and Kaukua zones. The budget
for this phase of the project is estimated to be about C$1,733,000.  MP Consulting and Finore believe that
additional mineral resources will likely be found in these zones in addition to
better defining the zones to an Indicated category. A second phase of work is recommended
to explore along the strike extent of the Kollismaa-Narankavaara ultramafic intrusive
complexes and defined by geophysical surveys, and owned by NorMinOy.  This includes known zones within the Lipeavaara
and Murtolampi zones, where preliminary drilling was carried out by GTK, is estimated
to cost about C$540,000.



 



Finore is very pleased with the current resource estimates from the
Haukiaho and Kaukua targets as contained in the MP Consulting 43-101 Report
which has been filed on Sedar for reference. Finore wants to implement the
recommendations made in the report, improve the quality of the resource,
increase the total resource, expand the total resource into new target areas to
potentially increase the total resource within the area held.  Finore?s experience in Finland has been
straight forward with good interaction with the laws of the country and the
professionals working for NorMinOy. The
country was ranked 1st in the world on the Policy Potential Index of
the Fraser Institute?s 2012-2013 survey (PDAC International Convention 2013). Finland
was also recently ranked as the best place in the world for mining investments,
according to Resource Stocks Magazine?s 2012 World Risk Survey.  According to the GTK website, a total of 50
mines and quarries were operating in 2012.



 



Peter F. Tegart, President and CEO of Finore and
Mohan R. Vulimiri, M.Sc., P.Geo., Director of Finore are the persons
responsible for initiating and guiding the work programs on the LK Project and
Mohan Vulimiri is the Qualified Person responsible for the contents of this
press release.



 



About Finore Mining Inc.



 



Finore is currently nearing the completion to acquire 100% interest in
the LK Project through
the acquisition of NorMinOy, a wholly-owned subsidiary of Nortec. Finore?s goal is to define a large-tonnage
PGE+Au-Cu-Ni deposit in Finland, thereby maximizing value on behalf of its
shareholders.  



 



On behalf of the board of directors of Finore Mining Inc.,



 



?Peter Tegart?



Peter
Tegart



President & CEO



 



The CNSX does
not accept responsibility for the adequacy or accuracy of this release.



 



FORWARD-LOOKING
STATEMENTS: The forward-looking information contained in this press release is made as of
the
date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly
or
to revise any
of
the included forward-looking information, whether as a result of new information, future events or otherwise,
except as may
be
required by law. By
its
very nature, such forward-looking information requires the Company
to make
assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and
unknown risks and uncertainties and other factors, which may cause actual results, levels of activity
and achievements to differ
materially from those expressed or implied by such information.