EuroZinc Mining Corporation

Address:	Suite 1601 - 543 Granville Street Vancouver, B.C. Canada V6C 1X8
Toll Free No.:	1-866-571-6463
Tel No.:	(604) 681-1337
Fax No.:	(604) 681-1339
Web Site:	www.lundinmining.com
Corporate Email:	info@eurozinc.com
Contact Person:	Ron Ewing
Position:	Executive Vice President, Corporate Affairs

COMPANY DATA

Traded Market:	TSX
Traded Symbol:	EZM
Outstanding Shares:	559,036,176
Public Float:	approx. 408 million
52 Week High:	$ 3.45
52 Week Low:	$ 0.61
Present Price:	Click Here

INTRODUCTION

EuroZinc Mining Corporation is a Canadian based metals company, engaged in the acquisition, exploration, development and mining of base metal deposits internationally.

EuroZinc owns the second largest producing copper mine in Western Europe, the Neves-Corvo copper mine located in southern Portugal. The Company also owns the Aljustrel zinc/lead/silver mine located 40 km from the Neves-Corvo mine. Both mines consist of poly-metallic deposits containing, among other metals, copper, zinc, lead and silver. The Aljustrel mine is currently on care and maintenance, however, a decision is pending on placing the mine into production. EuroZinc continues to seek to optimize copper production at Neves-Corvo, and is also planning on producing zinc concentrate from the Neves-Corvo deposits by the middle of 2006.

PROJECT IN HAND

EuroZinc Mining Corporation currently owns two base metal mines in southern Portugal. The Neves-Corvo mine is operating and is a significant producer of copper concentrates. The Aljustrel mine, 40 km from Neves-Corvo, is currently on care and maintenance.

(1) The Neves-Corvo Copper Mine, Southern Portugal

The Neves-Corvo is an underground mine that has been a significant producer of copper since opening in 1989. Since the start of production, the mine has produced a total of 1.8 million tonnes of copper metal and in the year 2004 produced approximately 95,700 tonnes of copper metal. The mine has produced tin since 1989, however continuous tin production ceased in 2003 due to a reduction in available tin ore. When tin ore is available, it is now stockpiled and processed through the tin plant on a campaign basis. The current plan for the mine allows for another ten years of copper production, but it is expected that copper production can be extended well beyond that time with additional drilling. In addition, the project has significant zinc resources that the Company recently announced will be brought on stream by the middle of 2006. The current capacity of the copper mill on site is approximately 2.2 million tonnes of ore per annum, and there is additional capacity of 0.40 million tonnes in the copper/tin plant.

(2) The Aljustrel Mine, Southern Portugal

The Company's Aljustrel mine overlies five polymetallic base metal deposits. Two of these deposits, Feitais and Moinho, were the focus of a bankable feasibility study by Steffen Robertson and Kirsten (Canada) Inc. in June 2000 that was subsequently updated in February 2001. The feasibility study focused primarily on the production of zinc from the mine, but lead, silver and copper will also be produced. Aljustrel is fully permitted and includes modern mill facilities, underground development, offices, machine shops, stocked warehouses, and use of a dedicated port facility. Many of these facilities were developed in the early 1990's when the state owned mining company, Pirites Alentejanas, S.A. (PA) converted the operation from a producer of pyrite to a metals producer.

The Company recently completed another processing and metallurgical review of the Aljustrel project, as well as an update of the estimated capital required to put the mine and mill back into production. A decision is pending on placing the mine into production on the basis of establishing satisfactory agreement with labour and government on some outstanding key issues. Concurrently, the Company is considering financing alternatives, which do not include the issuance of additional equity. If the decision is taken to return Aljustrel to production, it is expected that the mill will be operational and producing zinc metal following approximately 12 months of retrofitting. The rate of processing of ore for the first year of operation is forecast to be 1.4 million tonnes per annum and 1.8 million tonnes in the subsequent years.

MANAGEMENT

Edward J. Fletcher, Director and Chairman
Mr. Fletcher is a former Director of Cominco Ltd. and was responsible for Cominco's worldwide mining operations including those of Exminesa (Spain), Aberfoyle (Australia) and Red Dog (Alaska). His experience in Mine Development, Senior Management, Marketing, Chemical Fertilizer, Financial Control, Research and Development and Personnel will be invaluable in helping to guide EuroZinc's progress in its evolution as a leading zinc producer. During a forty-year career with Cominco Ltd., Mr. Fletcher held a number of executive positions including the position of Chief Operating Officer.

Colin K. Benner, P.Eng., Director, Vice-Chairman and Chief Executive Officer
Mr. Benner is a Member of the Association of Professional Engineers of Ontario and the Association of Professional Engineers and Geoscientists of British Columbia, as well as the Society of Mining Engineers of the AIME and the Canadian Institute of Mining. He has served on many advisory committees during his career in the education, industry, safety and health and management fields, all related to the mining industry. Mr. Benner was previously the president and CEO of Breakwater Resources Ltd. He is also a Director of Tahera Diamond Corp., Western Canadian Coal Corporation, Major Drilling International Group, Glencairn Gold Corp. and Gold Hawk Resources Inc.
John A. Greig, P.Geo., Director
Mr. Greig is experienced in the management and financing of public companies. He is a founding member of Sutton Resources Ltd., Crown Resources, Cumberland Resources Ltd., and Redfern Resources Ltd. He is also on the board of directors of Diamondex Resources Ltd. and Dynamic Oil Ltd. A geologist for more than 30 years, Mr. Greig has an enviable track record of recognizing undervalued geological assets.

Graham Mascall, Director
Mr. Mascall is a mining engineer with a Masters of Engineering degree in Mineral Economics. He has had a distinguished career in mining and mine finance spanning more than thirty years. Over the course of his career he has worked as an executive for a number of the world's largest mining and mine finance companies, with a particular focus on mergers and acquisitions, and corporate development. The list of companies includes Billiton and BHP Billiton, Deutsche Morgan Grenfell, Outokumpu Metals & Resources, and Barclays Bank.

Christian Bue, LL.B., PhD., Director
Mr. Bue is very experienced in the concentrate and metal markets. He was a member of the Executive Board of the Metaleurop Group, from 1991 to 1997. Between 1970 and 1990, Mr. Bue held senior executive positions within the Imetal, le Nickel, Penarroya, and Mokta Group. He was, in addition to his Executive functions, a former Group-Chairman of the International Zinc Association and former Chairman of the French Lead Federation. Mr. Bue has a Law Degree as well as a Doctorate in Economics from the University of Paris.

David F. Mullen, Director
Mr. Mullen's background is in corporate debt and equity finance. He is president of HSBC Capital Canada Inc., the merchant banking subsidiary of the Bank of Hong Kong. Prior to his joining HSBC, Mr. Mullen served as vice-president in corporate finance with Citibank Canada for 4 years.

Ryan Bennett, Director
Mr. Bennett is a Geologist and Mining Engineer with widespread technical and project-financing experience. Mr. Bennett is a Vice-President of Resource Capital Fund, a firm associated with the well-known European Rothschild family.

Ronald Simkus, Director
Mr. Simkus is a metallurgical engineer who has had a very distinguished career managing progressively larger and more complex mining operations. Most recently he was President and CEO of the Antamina mine in Peru, and was responsible for transforming Antamina from a US$2.3 billion construction project into a large, successful mining operation. Prior to this he was President and General Manager of the Highland Valley Copper mine in B.C., one of the largest copper operations in the world.

John Shanahan, Director
Mr. Shanahan's area of expertise is in the sales and trading of commodities. He has an MBA from the Columbia Business School and has held a number of senior management positions, responsible for commodities sales and trading, with banks such as Barclays Capital and Rothschild Inc., as well as with mining companies such as Pasminco and Australian Mining and Smelting.

A.J. Ali, Executive Vice-President and Chief Financial Officer
Mr. Ali is a Chartered Accountant with nearly twenty years of experience in the mining industry. He has acted as CFO for several mining companies, including Vista Gold, Granges, and Quintette Coal, and has extensive experience in structuring debt and equity financings.

Ron A. Ewing, Executive Vice-President, Corporate Affairs
Mr. Ewing has over 18 years of experience in the management, administration and financing of both public and private companies. He was an Officer and Director of one of EuroZinc's predecessor companies, Auspex Minerals Ltd., from that company's inception in 1987.

Adriano f. Barros, Lic. U.P. Mine Eng., Vice President, Business Development - Portugal

Gordon Jang, Corporate Controller

Joao Carrelo, MBA, Mining Engineer, Country Manager in Portugal, Managing Director of Somincor

James Drake, P.Eng., Executive Director of Somincor

Garnet Dawson, P.Geo., Vice-President of Exploration

Robert Powers, Mining Engineer, Mine Superintendent, Aljustrel

NEWS UPDATE

On August 21, 2006, EuroZinc Mining Corp. and Lundin Mining Corp. have entered into a definitive agreement to merge the two companies to create a new global mining company. The combined company will be called Lundin Mining Corp. and will have a market capitalization of approximately$3.0-billion (U.S.) ($3.3-billion (Canadian)), creating one of the North American and European markets' premier, diversified copper and zinc producers. The combined company, upon closing, will remain listed on the Toronto Stock Exchange, Stockholm Stock Exchange and American Stock Exchange (application reqired).

On August 11, 2006, EuroZinc Mining Corp. provided the financial results for the second quarter of 2006. There is three-fold increase in quarterly earnings.

Highlights for second quarter 2006:

· net earnings of $71.6-million or 13 cents (14 Canadian cents) per share;
· cash flow from operating activities before changes in non-cash working capital items of $83.1-million or 15 cents (17 Canadian cents) per share;
· increased cash and cash equivalents by $43.1-million to $97.3-million;
· increased working capital by $70.8-milion to $128.8-million;
· arranged debt financing and government incentives for the Aljustrel mine;
· commenced development of the Aljustrel mine;
· commenced zinc production at Neves-Corvo on July 3, 2006; and
· assembled the largest exploration package in the history of Iberian pyrite belt with the granting of four new exploration concessions.

On July 31, 2006, EuroZinc Mining Corp. provided an update of the Company's mine site and regional exploration program in Portugal. Presently, there are two surface and six underground drills completing step-out and infill drilling on the Neves-Corvo deposit. There is also one additional surface drill dedicated to testing targets on the adjacent exploration concessions.

On July 26, 2006, EuroZinc Mining Corp. announced that it will release the Company's second quarter 2006 financial prior to the opening of trading on Friday, August 11, and hold an investor conference call to discuss the financial results at 8 a.m. Pacific Standard Time (11 a.m. Eastern Standard Time) on Tuesday, August 15.

On July 05, 2006, EuroZinc Mining Corp. has confirmed the start-up of its zinc production plant at the company's Neves-Corvo mine in Portugal, as planned, on July 03. Underground mining operations in the zinc zone were initiated earlier in the year and stockpiles of ore for mill feed were accumulated both underground and on surface in anticipation of the plant start-up and as the production levels of zinc ore were ramped up.

On June 28, 2006, EuroZinc Mining Corp. has arranged a $35 million (U.S.) project finance facility through Bayerische Hypo-und Vereinsbank AG (HVB), for the company's Aljustrel zinc project. This facility, together with $23 million (U.S.) of European Union (EU) incentives of interest-free loans and grants, will leave $30 million (U.S.) (34%) to be financed from the company cash flows to finance the total estimated capital cost of $88 million(U.S.). The project completion and commencement of production are expected by mid-2007.

On June 06, 2006, EuroZinc Mining Corp. has released an update on its 2006 drilling program at the Neves-Corvo mine in southern Portugal. Regarding the underground drill program, four drill holes were completed on the Zambujal orebody as part of the overall program initiated in 2005 to upgrade the inferred resources to the indicated and measured category to allow for detailed mine planning. Production from this orebody is scheduled to start in 2007. Sixteen additional drill holes targeted the area between the Lombador and Corvo orebodies. Ten drill holes completed along the eastern down-dip edge of the Neves orebody were successful in identifying a thin horizon of copper-rich massive sulphide and associated stockwork mineralization.

On May 24, 2006, EuroZinc Mining Corp. is appointed Joao Carrelo to the position of executive vice president and chief operating officer. Mr. Carrelo is currently EuroZinc's country manager in Portugal and managing director of Somincor ( a wholly owned subsidiary of EuroZinc that owns the Neves-Corvo copper/zinc mine). He will continue to fulfill these roles.

On December 06, 2005, EuroZinc Mining Corporation announced that its underground drilling program continues to intersect high grade copper and zinc at Zambujal oreboday.

On October 27, 2005, EuroZinc Mining Corporation and its wholly owned subsidiary AGC - Minas de Portugal Unipessoal, Lda. announced that the government of Portugal has granted the Company the 400 sq.km Freixeda exploration concession in north-central Portugal, approximately 350 km north-east of Lisbon, close to the Spanish border. The concession surrounds the Freixeda gold mine, which produced gold, silver and lead from 1952 to 1955.

On October 24, 2005, EuroZinc Mining Corporation and its wholly owned subsidiary Pirites Alentejanas, SA announced that the government of Portugal has granted the Company the Malhadinha exploration concession in the Iberian Pyrite Belt in Portugal. The concession agreement gives EuroZinc the exclusive right to undertake exploration in the area for a period of two years.

On September 08, 2005, EuroZinc Mining Corporation and its wholly owned subsidiary Sociedade Mineira de Neves-Corvo SA (SOMINCOR) (together, the "Company") announced the signing of a 10,000 metre diamond drill contract with Major Drilling Group International Inc. The Canadian contractor is currently mobilizing a new track mounted drill rig (UDR 200D) that has the capability of drilling to over 1,000 metres in depth. The Company plans to start the drilling of targets on the Neves-Corvo Mining Lease as soon as the drill and crew arrive and expects this to be no later than the second half of October.

On August 10, 2005, EuroZinc Mining Corporation announced that the strong financial performance during the quarter and the first half of 2005 has resulted in a reduction of $44.4 million in debt in the quarter. As well, a substantial reduction to the price participation loan was made on August 2, 2005 with a payment of $15.9 million, reducing the price participation loan to $5.7 million and the total net debt to under $60 million.

Highlights for the second quarter 2005

· Net revenue of $58.8 million in the quarter and $122.2 million in the first half of 2005;
· Cash flow of $34.2 million (CDN$0.08 per share - diluted) in the quarter and $54.1 million (CDN$0.13 per share - diluted) in the first half of 2005;
· Net earnings of $13.8 million (CDN$0.03 per share - diluted) in the quarter and $32.4 million (CDN$0.08 per share - diluted) in the first half of 2005;
· Total debt reduced by $44.4 million in the quarter and a further reduction of $15.9 million subsequent to end of quarter;
· Production of 52.9 million pounds (24,000 tonnes) of contained copper in concentrate during the quarter and 99.3 million pounds (45,029 tonnes) of contained copper in concentrate in the first half of 2005;
· Cash cost of $0.73 per pound of payable copper in the quarter and $0.75 per pound of payable copper in the first half of 2005; and
· Exploration drilling on the Zambujal ore body at Neves-Corvo yields high grade copper-zinc intersections.

On July 20, 2005, EuroZinc Mining Corporation announced the selected high grade copper and zinc intersections of its undeveloped Zambujal orebody. The Zambujal orebody is one of five polymetallic massive sulphide orebodies comprising the Company's wholly owned Neves-Corvo mine in southern Portugal.

The infill drill program, while focused on upgrading inferred resources to the indicated category and defining the limits of the deposits, has identified higher grade copper and zinc zones within the orebody, which remains open to the southeast. For a complete table of drill intersections and a plan map showing their location, please visit the Company website at www.eurozinc.com.

The orebody is located above the main haulage level in the mine and therefore the ore will not need to be handled by the underground conveying system. At present it is estimated that the current mineral resource at Zambujal will provide at least 10% of Neves-Corvo's copper production for the next 10 years. An update on the contribution of this orebody will be determined when this phase of the drilling program is complete and the year end mineral resource estimate is completed.