TORONTO, ONTARIO--(Marketwired - Jul 26, 2017) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) ("Lundin
Mining" or the "Company") today announced that its Board of Directors has declared a dividend of CAD$0.03 per share, payable on
September 20, 2017, to shareholders of record at the close of business on September 8, 2017. This dividend qualifies as an
'eligible dividend' for Canadian income tax purposes. The declaration, timing, amount and payment of future dividends remain at
the discretion of the Board of Directors.
Dividends on shares traded on the Toronto Stock Exchange ("TSX") will be paid in Canadian Dollars (CAD) on September 20,
2017.
Dividends on shares traded on Nasdaq Stockholm will be paid in Swedish kronor (SEK) in accordance with Euroclear principles on
September 21, 2017. To execute the payment of the dividend, a temporary administrative cross-border transfer closure will be
applied by Euroclear from and including September 6, 2017 up to and including September 8, 2017, during which period shares of
the Company cannot be transferred between TSX and Nasdaq Stockholm.
Notice to all Non-Canadian Resident Shareholders
In 2012, the Canada Revenue Agency (CRA) changed how the tax withholding rate applied to dividend payments made to
non-residents is determined. The CRA now requires a certification of residency from each shareholder so that the preferred tax
treaty rate can be applied where applicable to person's resident in countries which have a tax treaty with Canada.
Shares traded on Toronto Stock Exchange
Form NR301 will be mailed to any new Registered non-resident shareholders as at the dividend record date (September 8, 2017),
by Computershare Investor Services Inc. In order to receive the preferred treaty rate, you must complete and mail back the form
as soon as possible. Failure to supply a completed NR301 form will result in Computershare withholding the statutory 25%
withholding tax rate on any payments to Registered non-resident shareholders. You can also download the form at: https://cda.computershare.com/Content/4f677775-5e6c-4e64-a695-a5785771fec3.
Instructions on how to correctly complete the NR301 are on the back of the form. Shareholders who hold their shares through a
broker should contact their broker directly. They do not need to return a form to Computershare. If you have already completed
Form NR301, you do not need to complete a new form.
Shares traded on Nasdaq Stockholm
Dividend payments will be made net of 25% Canadian withholding tax and are subject to any other Canadian and Swedish taxes
deemed applicable under Canadian and Swedish law. Shareholders who are entitled to reclaim Canadian and/or Swedish tax under
applicable tax treaties should contact the CRA and the Swedish Tax Agency, respectively, directly. Shareholders who hold their
shares through a nominee should contact their nominee.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations in Chile, the United States of America,
Portugal, and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin Mining holds an indirect 24% equity stake
in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
The content contained herein is not tax advice. Do not use or otherwise rely upon any of the content without first
seeking independent tax advice.
This is information that Lundin Mining Corporation is obliged to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of the contact persons set out above on July 26, 2017 at 6:15 p.m.
Eastern Time.
Cautionary Statement in Forward-Looking Information
Certain of the statements made and information contained herein, other than statements of historical fact and historical
information, is "forward-looking information" within the meaning of applicable Canadian securities laws. Such statements
include, but are not limited to, payment of the dividend, future dividends. Words such as "if", "will be", "may" and "schedule",
or variations of these terms or similar terminology or statements that certain actions, events or results "could" occur or be
achieved are intended to identify such forward-looking information. Although the Company believes that the expectations reflected
in the forward-looking information contained herein are reasonable, these statements by their nature involve risks and
uncertainties, and are not guarantees of future performance. Forward-looking information is based on a number of assumptions, and
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. 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
should not to place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or
revise any forward‐looking statements or to explain any material difference between subsequent actual events and such forward‐
looking statements, except to the extent required by applicable law.