Trailblazer Lukas Lundin

DRIVING VISION FROM SMALL METALS MINER TO GLOBAL OPERATION

Lukas Lun

Lukas Lundin, Chair of Lundin Mining Corporation, retires after providing strong leadership and vision during the last 28 years

Lukas Lundin recently retired as Chair at Lundin Mining Corporation. During his tenure, the company has grown from a small team with an exploration property in 1994, to a leading global base metal producer with five operations comprising over 11,000 people.

The diversified Canadian base metals mining company has operations in Brazil, Chile, Portugal, Sweden and the US, primarily producing copper (70% of 2021 sales), zinc (9%), nickel (8%) and gold (7%).

Ashley Heppenstall, Lead Director of Lundin Mining' Board, thanked Lukas for the invaluable strategic guidance and perspective he has provided as Chair. "His strong vision and leadership have been paramount to the company's success," he said.

Peter Rockandel, Lundin Mining's President and CEO, echoed the sentiments, thanking his many years of counsel and support provided to the Board and leadership team as Lundin Mining has grown. "The company and our many stakeholders have benefitted immensely from his pursuit of highly prospective opportunities, as well as his insights and experience, shared over a lifetime of success leading many natural resources companies. Lundin Mining is well positioned to continue to deliver on his vision."

Lundin said he was very proud of the many successes Lundin Mining has achieved over the past nearly three decades, though there is still much to accomplish. "The outlook for base metals is very constructive and I am fully confident that the culture, leadership, people and prospects are in place for Lundin Mining to continue building on its positive legacy," he said.

After graduating from the New Mexico Institute of Mining and Technology (Engineering), he has been responsible for various resource discoveries, including the multi-million-ounce Veladero gold deposit.

He has also led numerous companies through very profitable business acquisitions and mergers, including the US$9.2bn sale of Red Back Mining, and he currently sits on the Board of a number of publicly-traded companies.

Lukas Lundin

His departure coincides with other significant changes at board level — Director Peter Jones retired at the 2022 Annual Meeting, with Juliana (Julie) Lam appointed to the Board of Directors.

Adam Lundin, currently the President, CEO and a director of Josemaria Resources, will be proposed as a director nominee to stand for election at the upcoming annual meeting of shareholders.

Lam brings extensive executive-level financial leadership and board experience in diverse industries and valuable new perspectives, while Adam Lundin's experience within natural resources industries and intimate knowledge of Josemaria Resources, its projects and Argentina, will make him another strong addition.