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LUN.TO ·

Lundin Mining Announces Annual Meeting of Shareholders

Shareholder Meetings

Corporate Office

150 King Street West, Suite 2200

P.O. Box 38, Toronto, ON M5H 1J9

Phone: +1 416 342 5560

Fax: +1 416 348 0303

lundinmining.com

NEWS RELEASE

Lundin Mining Announces Annual Meeting of Shareholders

Toronto, April 5, 2021 (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or

the “Company”) today announced that its Annual Meeting will be held on Friday, May 7, 2021 (the “Meeting”) at

10:00 a.m. ET via live audio webcast online at https://web.lumiagm.com/286254568. The Notice of Meeting, the

accompanying Management Proxy Circular (the “Circular”) and related meeting materials are now available under

the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.lundinmining.com.

Given the ongoing impact of the COVID -19 pandemic and the current and anticipated public health guidelines

and restrictions respecting large group gatherings, it is unclear as to whether it will be safe or permissible for the

Meeting to be held in person this year. To ensure the health and safety of employees, shareholders and

representatives of the Corporation, Lundin Mining has made arrangements that enable shareholders and

proxyholders to attend and vote virtually at this year’s Meeting. Shareholders will not be able to attend this year’s

Meeting in person.

The record date for the Annual Meeting is March 19, 2021. Meeting materials were mailed to shareholders on or

about April 1, 2021. Eligible Shareholders are encouraged to vote online, by telephone or by proxy . Detailed

information on how shareholders can participate in the Meeting and vote is available in the Circular. The Circular

provides additional information relating to the below items for consideration at the Meeting.

The Meeting is being held for the following purposes:

• To receive the audited consolidated financial statements of the Corporation for the year ended

December 31, 2020 and the report of the auditors thereon;

• To elect the directors for the ensuing year;

• To appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, Licensed Public

Accountants as auditors of the Corporation for the ensuing year, and to authorize the directors to fix

the remuneration to be paid to the auditors;

• To provide shareholders with an advisory vote on Executive Compensation;

• To consider, and if deemed advisable, to confirm, with or without variation, the Amended and Restated

By-Law No. 1 of the Corporation, in the form of the resolution presented and all as more fully described

in the Circular;

• To transact such further and other business as may properly be brought before the Meeting or any

adjournment or postponement thereof.

Notice and Access

Lundin Mining is using notice and access for the first time this year to provide shareholders with easy electronic

access to the Circular, other meeting materials and to copies of the Company’s audited consolidated financial

statements for the year ended December 31, 2020, the auditor’s report on those statements and the associated

management’s discussion and analysis, rather than mailing paper copies. This shift to electronic delivery is

environmentally friendly and saves money.

Electronic copies of these materials will be available online at the Company’s website at

www.lundingmining.com/investors/corporate-filings or under the Company’s profile on SEDAR at

www.sedar.com. The notice shareholders receive will include information on how to obtain a paper copy of the

Circular or associated materials if preferred.

How to Vote if Your Securities Trade on the Nasdaq Stockholm Exchange

The info rmation in this section is of significance to shareholders who hold their securities (“Euroclear

Registered Securities”) through Euroclear Sweden AB, which securities trade on the Nasdaq Stockholm

Exchange. Shareholders who hold Euroclear Registered Secur ities are not registered holders of voting

securities for the purposes of voting at the Meeting. Instead, Euroclear Registered Securities are registered

under CDS & Co., the registration name of the Canadian Depositary for Securities. Holders of Euroclea r

Registered Securities will receive a Form of Proxy (the “Swedish Proxy”) by mail directly from Computershare

AB (“Computershare Sweden”). The Swedish Proxy cannot be used to vote securities directly at the

Meeting. Instead, the Swedish Proxy must be co mpleted and returned to Computershare Sweden, strictly in

accordance with the instructions and deadlines that will be described in the instructions provided with the

Swedish Proxy.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal,

Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market

Abuse Regulation. The information was submitted for publication, through the agency of the contact persons

set out below on April 5, 2021 at 17:45 Eastern Time.

For further information, please contact:

Mark Turner, Director, Business Valuations and Investor Relations: +1 416 342 5565

Brandon Throop, Manager, Investor Relations: +1 416 342 5583

Robert Eriksson, Investor Relations Sweden: +46 8 440 54 50