Mr. Ron Hochstein reports

LUNDIN FAMILY TRUSTS RESTRUCTURE HOLDINGS IN LUNDIN GOLD

Lundin Gold Inc. shareholders Lorito Holdings Sarl and Zebra Holdings and Investments Sarl, both private corporations owned by a trust whose settlor was the late Adolf Lundin, have restructured their holdings in the company.

Lorito has transferred 8,473,370 common shares and Zebra has transferred 1,227,651 common shares of Lundin Gold to Nemesia Sarl, also a private corporation owned by a trust whose settlor was the late Mr. Lundin. As a result of this restructuring, Zebra now holds 37,777,291 common shares, Nemesia holds 9,701,021 common shares and Lorito no longer holds common shares of Lundin Gold. The Lundin family trusts collectively hold 47,478,312 common shares, or 22.3 per cent of the issued and outstanding common shares of the company.

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 world's 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 the fourth quarter of next year.