<p>
<strong>Toronto, April 18, 2011 </strong><strong>(TSX: LUN; OMX: LUMI)
</strong><strong>Lundin Mining Corporation</strong>(“Lundin Mining”
or the “Company”) is pleased to report that the government of the
Democratic Republic of Congo (DRC) has issued a Presidential Decree approving
the amendments to the Tenke Fungurume Mining (TFM) contracts and the decree has
been published in the DRC Official Gazette.</p>
<p>
This formalizes the conclusion of the review process by the DRC government
that confirmed that the Tenke Fungurume contracts are in good standing, and
acknowledges the parties’ continuing commitment to the rights and
benefits granted under the TFM contracts. More specifically, the amended TFM
agreements that were signed between the parties in early December 2010, and the
revised terms within, now become operative.  </p>
<p>
The Tenke Fungurume mining concessions are located in the Katanga Province of
the DRC approximately 110 miles northwest of Lubumbashi.  Copper
production commenced in 2009 and for the year ended December 31, 2010, Tenke
produced 120,271 tonnes of copper cathode. Forecast production is approximately
130,000 tonnes of copper cathode in 2011 and expansion planning is progressing
as a priority.</p>
<p>
 </p>
<p>
<strong>About Lundin Mining</strong></p>
<p>
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.</p>
<p>
On Behalf of the Board,</p>
<p>
Phil Wright</p>
<p>
President and CEO</p>
<p>
 </p>
<p>
For further information, please contact:</p>
<p>
Sophia Shane, Investor Relations North America:  +1-604-689-7842</p>
<p>
John Miniotis, Senior Business Analyst:  +1-416-342-5565</p>
<p>
Robert Eriksson, Investor Relations Sweden:  +46 8 545 015 50</p>
<p>
 </p>
<p>
<strong>Forward Looking Statements</strong></p>
<p>
Certain of the statements made and information contained herein is
“forward-looking information” within the meaning of the Ontario
Securities Act. 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.</p>
<p>
 </p>
