Lundin Mining Announces Updated Share Capital and Voting Rights

TORONTO, July 31, 2023 /PRNewswire/ -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

The number of issued and outstanding shares of the Company has increased by 227,833 to 773,066,071 common shares with voting rights as at July 31, 2023. The increase in the number of issued and outstanding shares from July 1, 2023 to date is a result of the exercise of employee stock options or the vesting of employee share units.

Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on July 31, 2023 at 17:00 Eastern Time.

Contact: Mark Turner, Vice President, Business Valuations and Investor Relations: +1 416 342 5565; Irina Kuznetsova, Manager, Investor Relations: +1 416 342 5583; Robert Eriksson, Investor Relations Sweden: +46 8 440 54 50

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