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| LUNDIN MINING: LUNDIN MINING ENTERS INTO NON-BINDING AGREEMENT FOR THE SALE OF ALJUSTREL MINE IN PORTUGAL |  |
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Toronto, December 5, 2008 (TSX: LUN; OMX: LUMI; NYSE: LMC) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports that a non-binding agreement in principle has been reached for the sale of its subsidiary Pirites Alentejanas SA ("PA") owner of the Aljustrel Mine in Portugal to MTO SGPS, SA ("MTO"). |
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The agreement is subject to the final approval of the boards of Lundin Mining and MTO, to the completion of certain contractual obligations, final due diligence and a favorable decision from the Portuguese Securities Market Commission ("CMVM") to withdraw PA from public status. The agreement is expected to be finalized in the last week of December upon which time further details of the transaction will be available. The Company does not consider this to be a material transaction in the context of its overall business operations. |
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