Adolf H. Lundin Trust reorganizes Lundin Mining Holdings

Lorito Holdings S.à.r.l. and Zebra Holdings and Investments S.à.r.l., two companies controlled by a trust settled by the late Adolf H. Lundin, have transferred to Nemesia S.à.r.l. 37,557,844 common shares and 54,964,854 common shares respectively of Lundin Mining Corp (TSX: LUN; OMX:LUMI) representing 12.78% of the outstanding shares.

Pursuant to the reorganization, Lorito and Zebra received Class C shares in the capital of Nemesia in exchange for the shares of Lundin Mining transferred to Nemesia and as a result Lorito and Zebra hold 100% of the outstanding Class C shares of Nemesia and zero common shares in Lundin Mining.

The common shares of Lundin Mining had a deemed value of CDN $8.07 for purposes of the reorganization.

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal,,, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's, Canada's most sophisticated and advanced all private capital and public market financing database.