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Lundin Mining Files Updated Technical Reports on SEDAR

Technical Reports (NI 43-101)

Corporate Office UK Office

150 King Street West, Suite 1500 70 Oathall Road, Haywards Heath P.O. Box 38 West Sussex, RH16 3EN Toronto, ON M5H 1J9 United Kingdom Phone: +1 416 342 5560 Phone: +44 (0) 1444 411 900 Fax: +1 416 348 0303 Fax: +44 (0) 1444 456 901 NEWS RELEASE

LUNDIN MINING FILES UPDATED TECHNICAL REPORTS ON SEDAR

Toronto, January 24, 2013 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) reports that updated independent NI 43-101 compliant Technical Reports have been completed on the Neves-Corvo mine and Semblana deposit and the Zinkgruvan mine, and have been filed today on SEDAR (www.sedar.com).

About Lundin Mining

Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel. In addition, Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo.

On Behalf of the Board,

Paul Conibear President and CEO

For further information, please contact:

Sophia Shane, Investor Relations North America: +1-604-689-7842 John Miniotis, Senior Business Analyst: +1-416-342-5565 Robert Eriksson, Investor Relations Sweden: +46 8 545 015 50

Forward Looking Statements

Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under Risk Factors Relating to the Company’s Business in the Company’s Annual Information Form and in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of copper, nickel, lead and zinc; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.