TRAILBLAZER

DRIVING VISION FROM SMALL METALS MINER TO GLOBAL OPERATION

Lukas Lundin , Chair of Lundin Mining Corporation , retires after providing strong leadership and vision during the last 28 years

The diversified Canadian base metals mining company has operations in Brazil , Chile , Portugal , Sweden and the US , primarily producing copper ( 70 % of 2021 sales ), zinc ( 9 %), nickel ( 8 %) and gold ( 7 %).

Ashley Heppenstall , Lead Director of Lundin Mining ' Board , thanked Lukas for the invaluable strategic guidance and perspective he has provided as Chair . " His strong vision and leadership have been paramount to the company ' s success ," he said .

Peter Rockandel , Lundin Mining ' s President and CEO , echoed the sentiments , thanking his many years of counsel and support provided to the Board and leadership team as Lundin Mining has grown .

" The company and our many stakeholders have benefitted immensely from his pursuit of highly prospective opportunities , as well as his insights and experience , shared over a lifetime of success leading many natural resources companies . Lundin Mining is well positioned to continue to deliver on his vision ."

Lundin said he was very proud of the many successes Lundin Mining has achieved over the past nearly three decades , though there is still much to accomplish .

" The outlook for base metals is very constructive and I am fully confident that the culture , leadership , people and prospects are in place for Lundin Mining to continue building on its positive legacy ," he said .

After graduating from the New Mexico Institute of Mining and Technology ( Engineering ), he has been responsible for various resource discoveries , including the multi-million-ounce Veladero gold deposit .

He has also led numerous companies through very profitable business acquisitions and mergers , including the US $ 9.2bn sale of Red Back Mining , and he currently sits on the Board of a number of publicly-traded companies .

16 May 2022