Lundin Mining Corporation: RiskMetrics Recommends Shareholders Vote in Favour of Business Combination With HudBay

TORONTO, ONTARIO, Jan 12 (MARKET WIRE) --
Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:
LUN)(NYSE: LMC)(OMX: LUMI) is pleased to report that RiskMetrics Group
("RMG") has formally recommended that its clients holding shares of
Lundin Mining vote FOR an arrangement whereby HudBay Minerals Inc.
("HudBay") will acquire all of the issued and outstanding common shares
of Lundin Mining. Through the arrangement, shareholders of Lundin Mining
will receive 0.3919 of a common share of HudBay for each common share of
Lundin Mining held.

A special meeting of Lundin Mining shareholders to consider the proposed
arrangement with HudBay will be held in Toronto on January 26, 2009 at
the Fairmont Royal York Hotel at 10:00 a.m. EST.

RMG provides proxy research, voting services and corporate governance
advisory services to financial institutions and corporation.

ABOUT LUNDIN MINING

Lundin Mining Corporation is a diversified base metals mining company
with operations in Portugal, Spain, Sweden and Ireland, producing copper,
nickel, lead and zinc. In addition, Lundin Mining holds a development
project pipeline which includes the world class Tenke Fungurume
copper/cobalt project in the Democratic Republic of Congo and holds an
extensive exploration portfolio and interests in international mining and
exploration ventures.

On Behalf of the Board,

Phil Wright, President and 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 or "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934 of the United States.
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, 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.

Cautionary Notes to Investors - Reserve and Resource Estimates

In accordance with applicable Canadian securities regulatory
requirements, all mineral reserve and mineral resource estimates of the
Company disclosed or incorporated by reference in this Annual Information
Form have been prepared in accordance with Canadian National Instrument
43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"),
classified in accordance with Canadian Institute of Mining Metallurgy and
Petroleum's "CIM Standards on Mineral Resources and Reserves Definitions
and Guidelines" (the "CIM Guidelines"). The definitions of mineral
reserves and mineral resources are set out in our disclosure of our
mineral reserve and mineral resource estimates in our Annual Information
Form.

The Company uses the terms "mineral resources", "measured mineral
resources", "indicated mineral resources" and "inferred mineral
resources". While those terms are recognized by Canadian securities
regulatory authorities, they are not recognized by the United States
Securities and Exchange Commission (the "SEC") and the SEC does not
permit U.S. companies to disclose resources in their filings with the SEC.

Pursuant to the CIM Guidelines, mineral resources have a higher degree of
uncertainty than mineral reserves as to their existence as well as their
economic and legal feasibility. Inferred mineral resources, when compared
with measured or indicated mineral resources, have the least certainty as
to their existence, and it cannot be assumed that all or any part of an
inferred mineral resource will be upgraded to an indicated or measured
mineral resource as a result of continued exploration. Pursuant to NI
43-101, inferred mineral resources may not form the basis of any economic
analysis, including any feasibility study. Accordingly, readers are
cautioned not to assume that all or any part of a mineral resource
exists, will ever be converted into a mineral reserve, or is or will ever
be economically or legally mineable or recovered.

Contacts:
Lundin Mining Corporation
Sophia Shane
Investor Relations North America
(604) 689-7842

Lundin Mining Corporation
Josh Crumb
Senior Business Analyst
(416) 342-5560
(416) 348-0303 (FAX)

Lundin Mining Corporation
Robert Eriksson
Investor Relations Europe
+46 (701) 112615
Website: www.lundinmining.com

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