Updated Share Capital and Voting Rights for Lundin Mining

Corporate Office UK Office

150 King Street West, Suite 1500 Hayworthe House, Market Place P.O. Box 38 Haywards Heath, West Sussex Toronto, ON M5H 1J9 RH16 1DB Phone: +1 416 342 5560 United Kingdom Fax: +1 416 348 0303 Phone: +44 (0) 1444 411 900 Fax: +44 (0) 1444 456 901

NEWS RELEASE

UPDATED SHARE CAPITAL AND VOTING RIGHTS FOR LUNDIN MINING

Toronto, March 31, 2016 (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) reports the following, in accordance with the Swedish Financial Instruments Trading Act:

As a result of the vesting of employee share units from March 1, 2016 to date, the number of issued and outstanding shares of the Company has increased to 719,632,457 common shares with voting rights as at March 31, 2016.

About Lundin Mining

Lundin Mining Corporation is a diversified Canadian base metals mining company with operations in Chile, the USA, Portugal, and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

On Behalf of the Board,

Paul Conibear, President and CEO

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on March 31, 2016 at 5:00 p.m. Eastern Time.

FOR FURTHER INFORMATION PLEASE CONTACT:

Sonia Tercas Senior Associate, Investor Relations +1-416-342-5583