Mr. Mark Turner reports

LUNDIN MINING ANNOUNCES DECLARATION OF REGULAR DIVIDEND

Lundin Mining Corp.'s board of directors has declared a regular quarterly dividend of nine cents per share, payable on June 21, 2023, to shareholders of record at the close of business on June 2, 2023. This dividend qualifies as an eligible dividend for Canadian income tax purposes. The declaration, timing, amount and payment of future dividends remain at the discretion of the board of directors.

Dividends on shares traded on the Toronto Stock Exchange will be paid in Canadian dollars on June 21, 2023. Dividends on shares traded on Nasdaq Stockholm will be paid in Swedish kronor in accordance with Euroclear principles on June 27, 2023. To execute the payment of the dividend, a temporary administrative cross-border transfer closure will be applied by Euroclear from May 31, 2023, up to and including June 2, 2023, during which period shares of the company cannot be transferred between the TSX and Nasdaq Stockholm.

About Lundin Mining Corp.

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

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