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LUN.TO ·

Lundin Mining to Release Third Quarter 2012 Results

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 Third Quarter 2012 Results Wednesday, October 24, 2012

Telephone Conference to be held on Thursday, October 25, 2012 at 08:30 AM Eastern Time (ET), 14:30 Central European Time (CET), 05:30 AM Pacific Time (PT)

October 16, 2012 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) announces that the report for the third quarter period ended September 30, 2012 will be published after the close of the trading day in Toronto on Wednesday, October 24, 2012.

The Company will hold a telephone conference with an interactive presentation at 08:30AM ET, 14:30 CET, 05:30AM PT on Thursday, October 25, 2012.

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

Call-in number for the conference call (North America): +1-416-340-2217 Call-in number for the conference call (North America Toll Free): +1-866-696-5910 Call-in number for the conference call (Europe Toll Free): +00-800-8989-6336.

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

http://www.investorcalendar.com/IC/CEPage.asp?ID=170007

The presentation slideshow will also be available in PDF format for download from the Lundin Mining website www.lundinmining.com before the conference call.

A replay of the telephone conference will be available approximately one hour after the completion of the conference until November 15, 2012.

Replay number in North America: +1-905-694-9451 North America (Toll Free) is: +1-800-408-3053 Europe (Toll Free) is: +00-800-3366-3052

The pass code for the replay is: 5530304

For further information, please contact:

Sophia Shane, Investor Relations, North America: +1 604 689 7842 Robert Eriksson, Investor Relations, Europe: +46 70 111 2615 John Miniotis, Senior Business Analyst: +1 416 342 5565