Lundin Mining Announces Expiry of Bid for Nevsun Resources

NEWS RELEASE

Lundin Mining Announces Expiry of Bid for Nevsun Resources

Toronto, November 9, 2018 (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin

Mining” or the “Company”) announced that the Company’s previously announced bid for all of the

issued and outstanding shares of Nevsun Resources Ltd. expired at 5:00 p.m. today in accordance with

its terms. Lundin Mining will not take-up any securities deposited under the bid and will return such

securities to the holders.

Lundin Mining continues to pursue strategic growth opportunities. Our portfolio of high-quality long-life,

mines enables us to remain disciplined to our investment criteria and rigorous in our allocation of capital

to deliver superior shareholder returns. Our financial strength affords us substantial flexibility to respond

to external opportunities while advancing high value -add internal projects and unlock exploration

potential at each of our mines.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations in Chile, the United

States of America, Portugal and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin

Mining holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt

refinery located in Kokkola, Finland.

The information was submitted for publication, through the agency of the contact persons set out below

on November 9, 2018 at 5:01 p.m. Eastern Time.

For further information, please contact:

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

Robert Eriksson, Investor Relations Sweden: +46 8 545 015 50

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