LUN Lundin Mining Corporation

Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) ("Lundin Mining" or the "Company")
today announced that it has completed the amendments to the Company's credit
agreement that were previously announced on September 16, 2013.


The amended credit agreement provides for a term loan of $250 million and an
extension of the maturity of the $350 million revolving credit facility to
October 2017. This arrangement is expected to provide funding in excess of that
which is required to complete the construction of the Eagle Project located in
the Upper Peninsula of Michigan, near the City of Marquette.


Scotiabank continued as the Sole Lead Arranger, Sole Bookrunner and
Administrative Agent in the syndicate of lenders, along with ING Bank NV as the
Syndication Agent, Bank of Montreal as the Documentation Agent, and Export
Development Canada, Skandinaviska Enskilda Banken AB and Bank of America Merrill
Lynch as lenders. Societe Generale joined the syndicate as a new lender.


Ms. Marie Inkster, Senior Vice President and Chief Financial Officer, commented,
"We are fortunate to have a very committed group of core lenders. We have
received excellent support from the syndicate for the funding to complete the
Eagle Project." 


The Company currently has $200 million drawn on the Revolving Facility which was
used to pay a portion of the $315 million acquisition cost of the Eagle Project
on July 17, 2013. Initial production from the Eagle Mine is expected to commence
in Q4 2014.


About Lundin Mining 

Lundin Mining is a diversified base metals mining company with operations and
projects in Portugal, Sweden, Spain and the U.S.A. producing copper, zinc, lead
and nickel. In addition, Lundin Mining holds a 24% equity stake in the
world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of
Congo and in the Freeport Cobalt Oy business, which includes a cobalt refinery
located in Kokkola, Finland. 


On Behalf of the Board, 

Paul Conibear, CEO 

Forward Looking Statements 

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lundin Mining Corporation
Sophia Shane
Investor Relations North America
+1-604-689-7842


Lundin Mining Corporation
John Miniotis
Senior Business Analyst
+1-416-342-5565


Lundin Mining Corporation
Robert Eriksson
Investor Relations Sweden
+46 8 545 015 50

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