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Press release from Marketwire

Lundin Mining Shareholder Rights Plan Is in Effect-TSX Defers Consideration

Friday, April 01, 2011

Lundin Mining Shareholder Rights Plan Is in Effect-TSX Defers Consideration16:00 EDT Friday, April 01, 2011TORONTO, ONTARIO--(Marketwire - April 1, 2011) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) ("Lundin Mining") announced that it has been notified by the Toronto Stock Exchange (the "TSX") that the TSX will defer consideration of the acceptance of Lundin Mining's limited duration Shareholder Rights Plan (the "Rights Plan") until such time as the TSX is satisfied that the Ontario Securities Commission will not intervene pursuant to National Policy 62-202 – Take-Over Bids – Defensive Tactics. Pursuant to TSX policies, the TSX automatically defers acceptance of shareholder rights plans adopted in response to a specific take-over bid.Shareholders should note that the Rights Plan remains in effect even though the TSX has deferred its review of the Rights Plan. A copy of the Rights Plan will be available at Lundin MiningLundin 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 development project pipeline which includes an expansion project at its Neves‐Corvo mine along with its equity stake in the world class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo.On Behalf of the Board,Phil Wright President and CEOFOR FURTHER INFORMATION PLEASE CONTACT: Sophia ShaneLundin Mining CorporationInvestor Relations North America+1-604-689-7842ORJohn MiniotisLundin Mining CorporationSenior Business Analyst+1-416-342-5560ORRobert ErikssonLundin Mining CorporationInvestor Relations Sweden+46 8 545 015