Monday, September 10, 2007

Lundin Mining LMC LUN.to has graduated to NYSE

"VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 7, 2007 -- Lundin Mining Corporation ("Lundin Mining" or the "Company") (Toronto:LUN.TO - News)(OMX: LUMI)(AMEX:LMC - News) is pleased to announce that its common shares have been approved for listing on the New York Stock Exchange ("NYSE"). The Company expects it will begin trading on the NYSE on September 20, 2007 under the symbol "LMC"."

It is very positive development for the company and its Stock price. Company has met strict NYSE listing standards and will enjoy higher trading volumes hopefully. More fund managers and index funds will have to keep exposure to Lundin Mining and anticipation of this move will bring share price higher. Actual buying will provide new institutional shareholder base and will require more analyst following. Once the story will be told the Market's recognition of actual value of the company assets will be more apparent in rising share price.
"Lukas Lundin, chairman of the board of Lundin Mining, commented: "This is a proud moment for our company as it is a reflection of our growth and maturity as a global mining company. We have a large shareholder base in the U.S. and are very pleased to have received this important recognition of being accepted for listing on the New York Stock Exchange. We will continue to pursue our goal of becoming a major global mining house in the base metals sector and believe being on the NYSE will assist us greatly in our accomplishing this goal."

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