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Toronto,
March 21, 2011 (TSX: LUN; NASDAQ OMX: LUMI) Lundin
Mining Corporation ("Lundin Mining" or
the "Company") announced today that it has postponed its Special
Meeting of Shareholders to vote on the Plan of Arrangement between Lundin Mining and Inmet Mining
Corporation to merge the two companies. The meeting, scheduled to be held on
March 28, 2011, has been rescheduled for April 4, 2011. The Company has been
advised that Inmet Mining Corporation has also
rescheduled their Special Meeting of Shareholders to April 4, 2011.
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The
postponement will permit shareholders to receive and review the director�s
circular of Lundin Mining filed in response to the
unsolicited take-over offer by Equinox Minerals Limited prior to the Special
Meeting of Shareholders.
About Lundin Mining
Lundin 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 CEO
For further information, please contact:
Sophia Shane, Investor Relations North America: +1-604-689-7842
John Miniotis, Senior Business Analyst:
+1-416-342-5560
Robert Eriksson, Investor Relations Sweden: +46 8 545 015 50
Forward Looking Statements
Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Ontario
Securities Act or "forward-looking statements" within the meaning
of Section 21E of the Securities Exchange Act of 1934 of the United States.
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,
risks and uncertainties relating to foreign currency fluctuations; risks
inherent in mining including environmental hazards, industrial accidents,
unusual or unexpected geological formations, ground control problems and
flooding; risks associated with the estimation of mineral resources and
reserves and the geology, grade and continuity of mineral deposits; the
possibility that future exploration, development or mining results will not
be consist ent with the Company�s expectations; the
potential for and effects of labour disputes or
other unanticipated difficulties with or shortages of labour
or interruptions in production; actual ore mined varying from estimates of
grade, tonnage, dilution and metallurgical and other characteristics; the
inherent uncertainty of production and cost estimates and the potential for
unexpected costs and expenses, commodity price fluctuations; uncertain
political and economic environments; changes in laws or policies, foreign
taxation, delays or the inability to obtain necessary governmental permits;
and other risks and uncertainties, including 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
including, without limitation, the expectations and beliefs of management,
the assumed long term price of copper, nickel, lead and zinc; that the
Company can access financing, appropriate equipment and sufficient labour and that the political environment where the
Company operates will continue to support the development and operation of
mining projects. 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.
Cautionary Notes to Investors - Reserve and Resource Estimates
In accordance with applicable Canadian securities regulatory requirements,
all mineral reserve and mineral resource estimates of the Company disclosed
or incorporated by reference in this Annual Information Form have been
prepared in accordance with Canadian National Instrument 43-101 - Standards
of Disclosure for Mineral Projects ("NI 43-101"), classified in
accordance with Canadian Institute of Min ing
Metallurgy and Petroleum�s "CIM Standards on Mineral Resources and
Reserves Definitions and Guidelines" (the "CIM Guidelines").
The definitions of mineral reserves and mineral resources are set out in our
disclosure of our mineral reserve and mineral resource estimates that are
disclosed or incorporated by reference in this Annual Information Form.
The Company uses the terms "mineral resources", "measured
mineral resources", "indicated mineral resources" and
"inferred mineral resources". While those terms are recognized by
Canadian securities regulatory authorities, they are not recognized by the
United States Securities and Exchange Commission (the "SEC") and
the SEC does not permit U.S. companies to disclose resources in their filings
with the SEC.
Pursuant to the CIM Guidelines, mineral resources have a higher degree of
uncertainty than mineral reserves as to their existence as well as their
economic and legal feasibility. Inferred mineral resources, when comp ared with measured or indicated mineral resources, have
the least certainty as to their existence, and it cannot be assumed that all
or any part of an inferred mineral resource will be upgraded to an indicated
or measured mineral resource as a result of continued exploration. Pursuant
to NI 43-101, inferred mineral resources may not form the basis of any
economic analysis, including any feasibility study. Accordingly, readers are
cautioned not to assume that all or any part of a mineral resource exists,
will ever be converted into a mineral reserve, or is or will ever be
economically or legally mineable or recovered.
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