Sotkamo Silver AB announced the assay results of the underground diamond core drilling conducted earlier this year. A total of ca. 4 420 meters were drilled as the first phase of P700 drilling program. The drill holes intersect the extension of the ore body at the depth of 350 to 500 meters from surface. The second phase of P700 drilling program is ongoing. The results are encouraging and support the further development of the Silver Mine and the P700 project to prolong the life of mine. Results will be utilized in the update of the Mineral Resource and Ore Reserve Estimates during the coming months. The drilling was supervised, and the drill core was logged by the Sotkamo Silver personnel. Core size was BQTK resulting 40.7 mm diameter core sample. Standard industry Quality Assurance and Quality Control (QA/QC) procedures with standards, blanks and duplicates have been followed in the sampling and assaying. Drill hole locations and start azimuths have been surveyed and downhole survey of bearing and dip deviations have been performed.