All amounts are in Canadian dollars, unless otherwise stated

EuroZinc Mining Corporation (the "Company") is pleased to announce results for the three and nine month periods ended September 30, 2004, the first full quarter of results subsequent to EuroZinc's acquisition of the Neves-Corvo copper mine in Portugal on June 18, 2004.

Alvin Jackson, President, said, "These results confirm the benefits to EuroZinc of acquiring a major copper mine like Neves-Corvo in the current copper environment. The third quarter and nine month production and earnings results are testament to our expectations. We expect equally robust results for the balance of 2004."

The complete financial statements are available for review at the SEDAR website at www.sedar.com or the company's website at www.eurozinc.com, and the reader is encouraged to read the statements in their entirety at either one of those sites.

Highlights for the Third Quarter

- Net earnings of $14.8 million or $0.03 per share for the quarter, after accruing a $6 million unrealized loss on derivative instruments.

- Cash flow from operations before changes in non-cash working capital items of $26.6 million or $0.06 per share for the quarter.

- Operating profit of $37.4 million on net revenues of $79.2 million for the quarter.

- 21,000 tonnes (46.3 million pounds) of copper metal produced for the quarter at an average grade of 5.30% copper, bringing the total produced year-to-date from the Neves-Corvo mine to 71,100 tonnes (156.7 million pounds) of copper at an average grade of 5.77%.

- Cash balance of $53 million as of the end of the quarter.

EuroZinc will hold an investor conference call to discuss the results at 2:00 PM Pacific Standard Time (5:00 Eastern Standard Time). Mr. Alvin Jackson, President and Chief Operating Officer, will host the call. To participate in the conference call please dial toll free in North America 1-800-525-6384. Alternatively, a live audio webcast of the conference call will be available at EuroZinc's website (www.eurozinc.com). The webcast will also be archived at the EuroZinc website.

In the event of any discrepancies between this new release and the interim financial statements, the disclosure in the interim financial statements shall apply. Certain of the information contained herein constitutes "forward-looking statements" within the meaning of the Private Litigation Reform Act of 1995 of the United States. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EuroZinc Mining Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements.

The TSX has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

EuroZinc Mining Corporation (TSX:EZM)