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Lundin Mining Adds Strategic Senior Staffing for Growth

November 16, 2011

TORONTO, ONTARIO–(Marketwire - Nov. 16, 2011) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) (“Lundin Mining” or the “Company”) is pleased to announce the following additions to our executive team.

Ms. Julie Lee Harrs has joined Lundin Mining as Senior Vice President, Corporate Development. Ms. Lee Harrs has extensive international mining experience including corporate affairs, project development, operations, and mergers and acquisitions, gained through executive positions with Inco Limited (now part of Vale) where she served on negotiating teams on such notable projects as Voisey’s Bay and Goro, then at Sherritt International as Senior Vice President and General Counsel. At Sherritt, Ms. Lee Harrs held corporate roles on financing and acquisitions, served on joint venture boards and maintained various corporate responsibilities on Ambatovy and Moa Bay. She also held directorship and executive management roles with MacDonald Mines and Energizer Resources. Previous to those positions, she was a corporate lawyer with Blakes, one of Canada’s national law firms. Ms. Lee Harrs has worked on mining, oil and gas investments in Canada, New Caledonia, Cuba, Madagascar, Indonesia, Spain and Pakistan. Based out of our Toronto office, Ms. Lee Harrs’ mandate is to accomplish value added acquisitions to accelerate and build the growth profile of Lundin Mining.

The Company is also very pleased to welcome Mr. Paul McRae to the position of Senior Vice President, Projects. Mr. McRae has a distinguished global reputation in project and construction management in the mining industry for both surface and underground projects of all scales and complexities. He was most recently with AMEC in Chile as their Project Manager on the world scale Cerro Casale copper/gold project. His track record includes on time/on budget project management of major underground investments for Inco including McCreedy East, Garson and Birch Tree projects, serving as Project Manager on the highly successful De Beers Victor Project in the north of Canada, and leadership of numerous other projects from conceptual through to construction phases in Australia, Canada, Spain, Portugal, and South America, over a career spanning more than 30 years.

Paul Conibear, President and CEO of the Company commented, “Julie and Paul are key additions to our executive management team at this transformational point in the company’s history as we advance a new phase of growth. We are delighted to be able to add depth of this calibre to our team.”

On behalf of the Board

Paul Conibear, President & CEO

Lundin Mining

About Lundin Mining

Lundin Mining Corporation is a diversified Canadian base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel. In addition, Lundin Mining holds a development project pipeline which includes expansion projects at Neves‐Corvo mine along with its equity stake in the world class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo.

Forward Looking Statements

Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of Mineral Resources and Reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under Risk Factors Relating to the Company’s Business in the Company’s Annual Information Form and in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of copper, nickel, lead and zinc; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

 



FOR FURTHER INFORMATION PLEASE CONTACT:
 

Lundin Mining Corporation
Sophia Shane
Investor Relations North America
+1-604-689-7842

Lundin Mining Corporation
John Miniotis
Senior Business Analyst
+1-416-342-5565

Lundin Mining Corporation
Robert Eriksson
Investor Relations Sweden
+46 8 545 015 50
www.lundinmining.com
Lundin Mining Corporation

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