VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2017) - Finning International Inc. (TSX:FTT) ("Finning")
announced today that its South American operation has been awarded a multi-year mining contract by Lundin Mining Corporation to
deliver new equipment and product support to the Candelaria copper mines in northern Chile.
Finning will supply nearly 70 pieces of new Caterpillar large mining equipment valued at approximately US$185 million to the
Candelaria open pit and underground mines, as well as support the entire fleet under a maintenance contract. The fleet will
include hydraulic shovels, off-highway trucks, and auxiliary equipment, and will be delivered over the next three years.
"We are pleased to build on our strong partnership with Lundin Mining at Candelaria. Our focus is to support Lundin in its
efforts to operate efficiently and cost effectively, while improving productivity," said Marcello Marchese, president, Finning
South America. "We remain constructive on the long-term outlook for copper. This is the first significant order for mining
equipment that Finning has secured in Chile since the industry's decline in 2014. As activity in the mining sector begins to
improve, we are well positioned to capture equipment and product support opportunities," concluded Mr. Marchese.
About Finning
Finning International Inc. is the world's largest Caterpillar equipment dealer delivering unrivalled service to customers for
nearly 85 years. Finning sells, rents, and provides parts and service for equipment and engines to help customers maximize
productivity. Headquartered in Vancouver, B.C., the Company operates in Western Canada, Chile, Argentina, Bolivia, the United
Kingdom and Ireland.
About Lundin Mining
Lundin Mining Corporation is a diversified Canadian base metals mining company with operations in Chile, the USA, Portugal,
and Sweden, primarily producing copper, nickel and zinc.
Forward-Looking Disclaimer
This report contains statements about the Company's business outlook, objectives, plans, strategic priorities and
other statements that are not historical facts. A statement Finning makes is forward-looking when it uses what the Company knows
and expects today to make a statement about the future. Forward-looking statements may include words such as aim, anticipate,
assumption, believe, could, expect, goal, guidance, intend, may, objective, outlook, plan, project, seek, should, strategy,
strive, target, and will. Forward-looking statements in this report include, but are not limited to, statements with respect to
the new equipment fleet to be delivered to the customer, the timing of delivery, and the expectation of improving outlook for
copper and activity in the mining sector. All such forward-looking statements are made pursuant to the 'safe harbour' provisions
of applicable Canadian securities laws.
Unless otherwise indicated by us, forward-looking statements in this report reflect Finning's expectations as at
the date of this report. Except as may be required by Canadian securities laws, Finning does not undertake any obligation to
update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Forward-looking statements, by their very nature, are subject to numerous risks and uncertainties and are based on
several assumptions which give rise to the possibility that actual results could differ materially from the expectations
expressed in or implied by such forward-looking statements and that Finning's business outlook, objectives, plans, strategic
priorities and other statements that are not historical facts may not be achieved. As a result, Finning cannot guarantee that any
forward-looking statement will materialize. Factors that could cause actual results or events to differ materially from those
expressed in or implied by these forward-looking statements include: general economic and market conditions; foreign exchange
rates; commodity prices; the level of customer confidence and spending, and the demand for, and prices of, Finning's products and
services; Finning's ability to maintain its relationship with Caterpillar Inc.; Finning's dependence on the continued market
acceptance of its products, including Caterpillar products, and the timely supply of parts and equipment; Finning's ability to
continue to improve productivity and operational efficiencies while continuing to maintain customer service; Finning's ability to
manage cost pressures as growth in revenue occurs; Finning's ability to reduce costs in response to slowing activity levels;
Finning's ability to attract sufficient skilled labour resources as market conditions, business strategy or technologies change;
Finning's ability to negotiate and renew collective bargaining agreements with satisfactory terms for Finning's employees and the
Company; the intensity of competitive activity; Finning's ability to raise the capital needed to implement its business plan;
regulatory initiatives or proceedings, litigation and changes in laws or regulations; stock market volatility; changes in
political and economic environments for operations; the integrity, reliability and availability of, and benefits from information
technology and the data processed by that technology; and Finning's ability to protect itself from cybersecurity threats or
incidents. Forward-looking statements are provided in this report for the purpose of giving information about management's
current expectations and plans and allowing investors and others to get a better understanding of Finning's operating
environment. However, readers are cautioned that it may not be appropriate to use such forward-looking statements for any other
purpose.
Forward-looking statements made in this report are based on a number of assumptions that Finning believed were
reasonable on the day the Company made the forward-looking statements. Refer in particular to the Outlook section of the
Company's MD&A for forward-looking statements. Some of the assumptions, risks, and other factors which could cause results to
differ materially from those expressed in the forward-looking statements contained in this report are discussed in Section 4 of
the Company's current AIF and in the annual MD&A for the financial risks.
Finning cautions readers that the risks described in this report, the MD&A and the AIF are not the only ones
that could impact the Company. Additional risks and uncertainties not currently known to the Company or that are currently deemed
to be immaterial may also have a material adverse effect on Finning's business, financial condition, or results of
operations.
Except as otherwise indicated, forward-looking statements do not reflect the potential impact of any non-recurring
or other unusual items or of any dispositions, mergers, acquisitions, other business combinations or other transactions that may
be announced or that may occur after the date of this report. The financial impact of these transactions and non-recurring and
other unusual items can be complex and depends on the facts particular to each of them. Finning therefore cannot describe the
expected impact in a meaningful way or in the same way Finning presents known risks affecting its business.