Mr. Stephen Williams reports

LUNDIN MINING PROVIDES FURTHER UPDATE ON CHILE OPERATIONS FOLLOWING SEVERE WINTER STORM

Lundin Mining Corp. has provided a further update on operations at its Caserones and Candelaria mines in Chile's Atacama region, following last week's severe winter storm, which brought heavy rainfall at lower elevations and unusually heavy snowfall at higher altitudes.

The Caserones mine has been without power since July 18 and, following infrastructure assessments conducted after the storm, damage to two power line towers serving the Caserones operation has been identified. Crews have been mobilized and are working to repair the damaged power line towers, with full power restoration and gradual restart of operations at Caserones anticipated to take approximately two to three weeks. Backup generators continue to support critical site infrastructure in the interim. Employees at the site have been safely rotated with new crews while access roads are progressively reopened. The company will continue monitoring the situation and provide further updates as repairs progress and operations resume.

Mining operations at Candelaria were briefly impacted by heavy rainfall; however, the mill continued to operate using existing ore stockpiles, and mining operations have since returned to full capacity.

About Lundin Mining Corp.

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada, with three operating mines in Brazil and Chile. Lundin Mining produces metals that underpin global development, supporting infrastructure, electrification, technological innovation and economic resilience. Lundin Mining's strategic vision is to become a top 10 global copper producer. To get there, the company is executing a clear growth strategy, which includes advancing one of the world's largest copper, gold and silver projects in the Vicuna district on the border of Argentina and Chile, where Lundin Mining holds a 50-per-cent interest. Lundin Mining also holds a 31-per-cent interest in the Los Helados project, located adjacent to the company's operating Caserones mine, providing longer-term growth optionality. Lundin Mining has a proven record of value creation through resource growth, operational excellence and responsible development.

We seek Safe Harbor.