09:30 EST Monday, February 22, 2010

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2010) - Lundin Mining Corporation ("Lundin" or the "Company") (TSX:LUN)(OMX:LUMI) today reported its Mineral Reserve and Resource estimates as at December 31, 2009.

Investment in in-mine and near-mine exploration has seen the growth of mineral reserves to replace record ore tonnages mined during the year at both Neves-Corvo and Zinkgruvan. In addition, at Neves-Corvo there has been an increase of 11 million tonnes (+44%) in measured and indicated copper resources (approximately 160,000 tonnes of contained copper or roughly equivalent to 2 years of production) and over 20 million tonnes have been added in inferred copper resources.

At Tenke Fungurume ("Tenke") in the Democratic Republic of Congo, exploration during 2009 has resulted in further increases in mineral resources. Three new deposits have been added to the mineral reserves in 2009 resulting in an increase in proven and probable reserves of 1.1 million tonnes of contained copper.

Commenting on the 2009 estimates, Mr. Phil Wright, President and CEO of Lundin Mining said, "Our goal this past year was to increase copper resources at Neves-Corvo and the increases we have seen continue to justify this on-going investment, and our belief that Neves-Corvo remains under-explored."

"Equally pleasing is the growth of the mineral reserves at Tenke and the significant increase in the contained copper and cobalt in reserves," Mr. Wright said.

The tables attached to this release summarize the Mineral Reserve and Resource estimates for each of the Company's mines as of December 31, 2009. In addition, reserves and resources are reported for the Tenke Fungurume Project, in which Lundin Mining has a 24.75% equity interest. To view Mineral Reserves and Resources table, please click on the following link: http://media3.marketwire.com/docs/lunt0222.pdf.

Lundin Mining plans to update the Mineral Reserve and Resource estimates as at June 30, 2010, and annually thereafter. This aligns timing of updates with annual planning processes