Lundin Mining Responds to Media Speculation

TORONTO, ONTARIO--(Marketwired - Jul 14, 2014) - In response to media speculation, Lundin Mining Corp. (TSX:LUN)(OMX:LUMI) ("Lundin Mining" or the "Company") today announced that it has a general policy not to comment on industry or market speculation or rumors. In addition, Lundin notes that its policy is to release information on material transactions in a timely manner as required by applicable law.

About Lundin Mining

Lundin Mining Corp. is a diversified base metals mining company with operations and projects in Portugal, Sweden, Spain and the U.S.A 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 and in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

On Behalf of the Board,

Paul Conibear, President and CEO

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, 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. 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.