Mr. Stephen Williams reports

LUNDIN MINING ANNOUNCES COMPLETION OF CEO TRANSITION PROCESS

The previously disclosed chief executive officer transition plan has progressed well, and the board of directors has agreed that Jack Lundin will formally assume the role of chief executive officer, effective immediately. Mr. Lundin will join the board of directors on Jan. 1, 2024. As previously announced, Peter Rockandel will remain on the company's board of directors until Dec. 31, 2023.

Jack Lundin, president and chief executive officer, commented: "I would like to thank Peter and my fellow colleagues for allowing such a smooth transition to take place. I look forward to building off the significant progress that has been made during Peter's tenure with the company."

About Lundin Mining Corp.

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