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LUN.TO ·

Lundin Mining to Release Fourth Quarter and Year

Financials

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 to Release Fourth Quarter and Year End 2010 Results February 23, 2011

Telephone Conference to be held on February 24 at 10:00 AM Eastern Standard Time (EST), 16:00 Central European Time (CET), 07:00 AM Pacific Standard Time (PST).

February 18, 2011 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) announces that the report for the Fourth Quarter and Year End 2010 will be published after the market close on February 23, 2011.

The Company will hold a telephone conference with an interactive presentation at 16:00 CET (10:00 AM EST, 07:00 AM PST) February 24, 2011.

Please call in 10 to 15 minutes before the conference starts and stay on the line (an operator will be available to assist you).

PLEASE NOTE!! Confirmation Code to quote when dialing in: 4557372

Call-in number for the conference call (Canada): +1 416 915 1269 Call-in number for the conference call (USA): +1 212 444 0481 Call-in number for the conference call (Europe): +46 (0)8 5352 6440

To take part in the interactive presentation, please log on using this direct link:

http://www.livemeeting.com/cc/premconfeurope/join?id=4557372&role=attend&pw=pw7293

Or visit the website www.euvisioncast.com and login using the following:

Meeting ID: 4557372 Meeting Password: pw7293

The presentation slideshow will be available in PDF format for download from the Lundin Mining website www.lundinmining.com after 05:30 PST (14:30 CET) on February 24, 2011.

A replay of the telephone conference will be available approximately one hour after the completion of the conference and until March 3, 2011.

Replay number in Europe is: +46 (0)8 5051 3897 North America: +1 347 366 9565 To access the recording, please enter access code: 4557372#

For further information, please contact:

Sophia Shane, Investor Relations, North America: +1 604 689 7842 Robert Eriksson, Investor Relations, Europe: +46 70 111 26 15