Corazon Mining: Base and Treasured Metals Growth within the Historic Lynn Lake Mining District

February 13, 2025

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Mining operations at Alcaparrosa have been suspended for the reason that incident occurred in 2022. On the time, Mineral Reserve estimates for the Alcaparrosa mine had been faraway from the Firm’s reserve assertion and haven’t been included in any future manufacturing estimates. The Firm’s Candelaria operation is unaffected and generated report manufacturing within the second half of 2024. The Candelaria mine is forecast to provide 140,000 tonnes to 150,000 tonnes of copper in 2025.

The Firm has collaborated with investigative proceedings initiated by the nationwide environmental regulator (SMA), together with offering monitoring know-how, research and consultants to information the method. The Firm will assessment the notification and decide the subsequent steps regarding the fees that it allegedly breached its environmental allow at its Minera Ojos del Salado operation which owns the Alcaparrosa mine.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining firm with operations or initiatives in Argentina , Brazil , Chile , and the USA of America , primarily producing copper, gold and nickel. In December 2024 the Firm introduced the sale of their European belongings to Boliden, the transaction is predicted to shut in mid-2025 topic to customary situations and regulatory approvals.

The data on this launch is topic to the disclosure necessities of Lundin Mining beneath the EU Market Abuse Regulation. The data was submitted for publication, by means of the company of the contact individuals set out under on January 30, 2025 at 19:00 Jap Time .

Cautionary Assertion on Ahead-Wanting Data

Sure of the statements made and knowledge contained herein are “forward-looking data” inside the which means of relevant Canadian securities Sure of the statements made and knowledge contained herein are “forward-looking data” inside the which means of relevant Canadian securities legal guidelines. All statements apart from statements of historic details included on this doc represent forward-looking data, together with however not restricted to statements relating to the Firm’s plans, prospects and enterprise methods; the operation of Vicuña with BHP; the belief of synergies and economies of scale within the Vicuña district; estimated capital expenditures; the timing and expectations for research and up to date estimates; the completion of the sale of the Firm’s European belongings and the timing thereof; the situations to shut the sale of the Firm’s European belongings; the Firm’s steering on the timing and quantity of future manufacturing and its expectations relating to the outcomes of operations; anticipated prices; allowing necessities and timelines; timing and potential consequence of pending litigation; the outcomes and timing of any Preliminary Financial Evaluation, Pre-Feasibility Examine, Feasibility Examine, or Mineral Useful resource and Mineral Reserve estimations, lifetime of mine estimates, and mine and mine closure plans; anticipated market costs of metals, foreign money change charges, and rates of interest; the implementation of the Firm’s Accountable Mining Administration System; the Firm’s potential to adjust to contractual and allowing or different regulatory necessities; anticipated exploration and growth actions on the Firm’s initiatives; growth initiatives and the belief of further worth; the Firm’s integration of acquisitions and expansions and any anticipated advantages thereof; and expectations for different financial, enterprise, and/or aggressive components. Phrases reminiscent of “imagine”, “count on”, “anticipate”, “ponder”, “goal”, “plan”, “aim”, “goal”, “intend”, “proceed”, “finances”, “estimate”, “might”, “will”, “can”, “may”, “ought to”, “schedule” and comparable expressions establish forward-looking data.

Ahead-looking data is essentially based mostly upon numerous estimates and assumptions together with, with out limitation, the expectations and beliefs of administration, together with that the Firm can entry financing, acceptable gear and enough labour; assumed and future worth of copper, zinc, nickel, gold and different metals; anticipated prices; that the situations to shut the sale of the Firm’s European belongings will probably be happy; the power to realize targets and establish and notice alternatives; the immediate and efficient integration of acquisitions, together with the acquisition of Filo, the institution of the joint association with BHP and the belief of synergies and economies of scale in connection therewith; that the political surroundings by which the Firm operates will proceed to assist the event and operation of mining initiatives; and assumptions associated to the components set forth under. Whereas these components and assumptions are thought of affordable by Lundin Mining as on the date of this doc in mild of administration’s expertise and notion of present situations and anticipated developments, these statements are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies. Identified and unknown components may trigger precise outcomes to vary materially from these projected within the forward-looking data and undue reliance shouldn’t be positioned on such data. Such components embrace, however will not be restricted to: the failure to acquire required approvals for the sale of the Firm’s European belongings; world monetary situations, market volatility and inflation, together with pricing and availability of key provides and providers; dangers inherent in mining together with however not restricted to dangers to the surroundings, industrial accidents, catastrophic gear failures, uncommon or surprising geological formations or unstable floor situations, and pure phenomena reminiscent of earthquakes, flooding or unusually extreme climate; uninsurable dangers; mission financing dangers, liquidity dangers and restricted monetary sources; volatility and fluctuations in steel and commodity demand and costs; delays or the lack to acquire, retain or adjust to permits; important reliance on belongings in Chile ; status dangers associated to detrimental publicity with respect to the Firm or the mining trade on the whole; well being and security dangers; dangers regarding the event of the Filo del Sol mission and the Josemaria mission; incapacity to draw and retain extremely expert workers; dangers related to local weather change; compliance with environmental, well being and security legal guidelines and rules; unavailable or inaccessible infrastructure, infrastructure failures, and dangers associated to ageing infrastructure; dangers inherent in and/or related to working in international nations and rising markets, together with with respect to international change and capital controls; financial, political and social instability and mining regime adjustments within the Firm’s working jurisdictions, together with however not restricted to these associated to allowing and approvals, nationalization or expropriation with out honest compensation, environmental and tailings administration, labour, commerce relations, and transportation; dangers regarding indebtedness; the lack to successfully compete within the trade; dangers related to acquisitions and associated integration efforts, together with the power to realize anticipated advantages, unanticipated difficulties or expenditures regarding integration and diversion of administration time on integration, together with the joint acquisition of Filo and the joint association with BHP; altering taxation regimes; dangers associated to mine closure actions, reclamation obligations, environmental liabilities and closed and historic websites; reliance on key personnel and reporting and oversight methods, in addition to third events and consultants in international jurisdictions; data know-how and cybersecurity dangers; dangers related to the estimation of Mineral Sources and Mineral Reserves and the geology, grade and continuity of mineral deposits together with however not restricted to fashions relating thereto; precise ore mined and/or steel recoveries various from Mineral Useful resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and different traits; ore processing effectivity; neighborhood and stakeholder opposition; monetary projections, together with estimates of future expenditures and money prices, and estimates of future manufacturing is probably not dependable; imposing authorized rights in international jurisdictions; environmental and regulatory dangers related to the structural stability of waste rock dumps or tailings storage services; activist shareholders and proxy solicitation issues; dangers regarding dilution; regulatory investigations, enforcement, sanctions and/or associated or different litigation; dangers regarding fee of dividends; counterparty and buyer focus dangers; the estimation of asset carrying values; dangers related to using derivatives; dangers regarding joint ventures, joint preparations and operations; relationships with workers and contractors, and the potential for and results of labour disputes or different unanticipated difficulties with or shortages of labour or interruptions in manufacturing; conflicts of curiosity; existence of a big shareholder; change charge fluctuations; challenges or defects in title; inner controls; compliance with international legal guidelines; potential for the allegation of fraud and corruption involving the Firm, its clients, suppliers or workers, or the allegation of improper or discriminatory employment practices, or human rights violations; the menace related to outbreaks of viruses and infectious ailments; dangers regarding minor components contained in focus merchandise; and different dangers and uncertainties, together with however not restricted to these described within the “Danger and Uncertainties” part of the Firm’s MD&A for the 12 months three and 9 months ended September 30, 2024 and the “Danger and Uncertainties” part of the Firm’s Annual Data Type for the 12 months ended December 31, 2023 , which can be found on SEDAR+ at www.sedarplus.com beneath the Firm’s profile.

All the forward-looking data on this doc are certified by these cautionary statements. Though the Firm has tried to establish vital components that would trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different components that trigger outcomes to not be as anticipated, estimated, forecasted or supposed and readers are cautioned that the foregoing listing isn’t exhaustive of all components and assumptions which can have been used. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might differ materially from these described in forward-looking data. Accordingly, there might be no assurance that forward-looking data will show to be correct and forward-looking data isn’t a assure of future efficiency. Readers are suggested to not place undue reliance on forward-looking data. The forward-looking data contained herein speaks solely as of the date of this doc. The Firm disclaims any intention or obligation to replace or revise ahead ‐ wanting data or to elucidate any materials distinction between such and subsequent precise occasions, besides as required by relevant regulation.