Mr. Ron Hochstein reports

LUNDIN GOLD SHARE CAPITAL AND VOTING RIGHTS UPDATE

Lundin Gold Inc. has released the following in accordance with the Swedish Financial Instruments Trading Act.

As a result of the exercise of stock options under Lundin Gold's equity compensation plan during the month of October, the company now has 241,390,763 common shares issued and outstanding with voting rights as at Oct. 31, 2025.

This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the company under the Swedish Financial Instruments Trading Act on disclosure of major shareholdings (transparency rules).

About Lundin Gold Inc.

Lundin Gold, headquartered in Vancouver, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.