Lundin Mining to be listed at Nasdaq Stockholm

Zinkgruvan zinc and copper mine in Sweden

First day of trading on Nasdaq Stockholm is expected to be June 8, 2017

Lundin Mining Corporation is pleased to announce that it has obtained the approval and registration with the Swedish Financial Supervisory Authority of a prospectus, which has been filed on the Company's website at www.lundinmining.com.

The Swedish Prospectus was prepared and filed in order to permit the admission to trading of the Company's shares directly on Nasdaq Stockholm following the conversion of Swedish Depository Receipts to shares. Following this conversion process, the Company's shares will be dual listed on TSX and Nasdaq Stockholm. No new shares are being issued by the Company in connection with the Nasdaq Stockholm listing or in connection with the Swedish Prospectus.

In accordance with the Company's previous announcement, the record date for the conversion of the SDRs in the Swedish VPC register shall be June 9, 2017. Pareto Securities will, in accordance with the VPC plan for conversion of securities, deliver the underlying shares of the Company to the holders of the SDRs entitled to receive such shares. Holders of the SDRs do not need to take any action as all SDRs will be converted automatically to shares of the Company. Further information on the SDR conversion procedure can be found in the Swedish Prospectus.

The first day of trading of shares on Nasdaq Stockholm is expected to be June 8, 2017. The last day of trading of the SDRs is expected to be June 7, 2017. The trading symbol for the shares on Nasdaq Stockholm will be "LUMI".