Mr. Ron Hochstein reports

LUNDIN GOLD DRAWS FINAL US$110 MILLION UNDER GOLD PREPAY AND STREAM CREDIT FACILITIES

Lundin Gold Inc. has drawn the final $110-million (U.S.) under its gold prepay and stream credit facilities with the Orion Mine Finance Group and Blackstone Tactical Opportunities. The funds will be used to support the continuing development of the Fruta del Norte gold project in Ecuador.

About Lundin Gold Inc.

Lundin Gold, headquartered in Vancouver, Canada, is developing its wholly owned Fruta del Norte gold project in southeast Ecuador. Fruta del Norte is one of the highest-grade and largest gold projects currently under construction. The company's board and management team have extensive expertise in mine construction and operations, and are dedicated to advancing this project through to first gold production in 2019.

The company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. The company believes that the value created through the development of Fruta del Norte will benefit its shareholders, the government and the people of Ecuador.

We seek Safe Harbor.