FOR:  LUNDIN MINING CORPORATION

TSX SYMBOL:  LUN

OCTOBER 7, 2004 - 11:47 ET

Lundin Mining Corporation: Adolf Lundin Joins the
Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 7, 2004) - (LUN - TSX,
LUMI - Nya Marknaden) Lundin Mining Corporation ("Lundin Mining") is
pleased to announce that Mr. Adolf H. Lundin is joining the Board of
Directors of Lundin Mining Corporation effective as of October 6, 2004.

On behalf of the Board

Edward F. Posey, President

Lundin Mining is a Canadian mining and exploration company with a
primary focus in Scandinavia. The company recently completed a change of
name - from South Atlantic Ventures Ltd. to Lundin Mining Corporation.
The main asset of the company is the Zinkgruvan mine, located about 200
kilometres southwest of Stockholm, Sweden. The mine has been producing
zinc, lead and silver on a continuous basis since 1857. Current
production amounts to about 64,000 tonnes of zinc, 32,000 tonnes of lead
and 1.8 million ounces of silver per year. Lundin Mining holds
approximately 37 percent of the shares of North Atlantic Natural
Resources AB (NAN), a mining and exploration company listed on the
Stockholm Stock Exchange under the ticker symbol NAN. North Atlantic's
primary asset is the Storliden copper and zinc mine in the Skellefte
District of northern Sweden, which has been in production since
2001.Lundin Mining also holds a large copper/gold exploration project in
the prolific Norrbotten Mining District in northern Sweden.

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