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Toronto,
February 27, 2011 (TSX: LUN; OMX: LUMI) Lundin
Mining Corporation ("Lundin Mining" or
the "Company") announced that it has been advised by Equinox
Minerals Limited ("Equinox") that Equinox intends to make an
unsolicited take-over bid for the shares of Lundin
Mining prior to the open of markets on February 28, 2011. Lundin
is not aware of the terms of the bid. Until Lundin
Mining completes its review of the bid, it will not comment on the proposal.
The Board of Directors of Lundin will update shareholders
from time to time following receipt and consideration of the bid.
Shareholders do not need to take any action in response to the bid at this
time.
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About
Lundin Mining
Lundin Mining is a diversified base metals mining
company with operations in Portugal, Spain and Sweden, producing copper,
nickel, lead and zinc. 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 project 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 t he 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 consistent 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.
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