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  Oct 19, 2006 - 14:00 ET
Lundin Mining Shareholders Approve Merger With EuroZinc

 
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 19, 2006) - Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN)(O-List SSE:LUMI) is pleased to announce that shareholders at the Special Meeting of Shareholders held in Vancouver today, October 19, 2006, approved the merger between Lundin Mining and EuroZinc Mining Corporation ("EuroZinc"). 

All resolutions as fully described in the Management Information Circular were approved, namely;

- As an ordinary resolution, the issuance of up to approximately 54,734,559 common shares of Lundin Mining in connection with the business combination transaction involving Lundin Mining and EuroZinc.

- As a special resolution, conditional upon the completion of the business combination transaction involving Lundin Mining and EuroZinc Mining Corporation, the increase in the number of directors of the Lundin Mining board of directors from a maximum of 9 directors to a maximum of 10 directors.

- As an ordinary resolution, to increase the number of options that may be issued under Lundin Mining's stock option plan from 3,000,000 to 7,000,000.

- As a special resolution, the subdivision, on a three-for-one basis, of Lundin Mining's fully paid and issued common shares. The timing of the implementation of the subdivision of the shares will be determined by the Board of Directors of Lundin Mining and a press release outlining the timing and details of the subdivision will be issued prior to such implementation.

- To appoint PricewaterhouseCoopers LLP, Chartered Accountants, as Auditors of Lundin Mining until the next Annual Meeting of the Shareholders of Lundin Mining, at a remuneration to be fixed by the directors of Lundin Mining.

EuroZinc has scheduled a Special Shareholders' Meeting to be held on Thursday, October 19, 2006 at 2:00 p.m. (Vancouver time). Shareholders will be asked to consider and approve a proposed Plan of Arrangement involving EuroZinc and Lundin Mining.

Should shareholders in both Lundin Mining and EuroZinc approve the transaction, closing is expected at end of October 2006.

ON BEHALF OF THE BOARD

Karl-Axel Waplan, President and CEO 


FOR FURTHER INFORMATION PLEASE CONTACT:

Lundin Mining Corporation
Karl-Axel Waplan
President & CEO
+46-705-10 42 39

or

Lundin Mining Corporation
Catarina Ihre
Manager, Investor Relations
+46 70 607 92 63

or

Lundin Mining Corporation
Sophia Shane
Investor Relations - North America
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.lundinmining.com