Mr. Ron Hochstein reports

LUNDIN GOLD ADDS TWO BANKS TO LENDERS SYNDICATE

Natixis and the Bank of Montreal have joined the lenders syndicate of Lundin Gold Inc.'s previously announced senior secured project finance facility. As a result of their additional commitments, the total commitment from the lenders under the facility has increased to $350-million (U.S.). The facility will finance the development and construction of the company's Fruta del Norte gold project in Ecuador.

"The addition of Natixis and the Bank of Montreal to the lenders syndicate shows continued international support for Fruta del Norte," said Ron Hochstein, Lundin Gold's president and chief executive officer. "We are pleased to have been successful in securing the necessary funding for the future of the project through a combination of debt and equity."

The facility remains subject to completion of definitive documentation, which will include customary project finance terms, fees and conditions, a comprehensive intercreditor agreement, a guarantee from an export credit agency for a $100-million (U.S.) portion of the facility, and completion of continuing due diligence.

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.

We seek Safe Harbor.