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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