Mr. Brendan Creaney reports

LUNDIN GOLD SHARE CAPITAL AND VOTING RIGHTS UPDATE

As a result of the exercise of stock options under Lundin Gold Inc.'s equity compensation plan during the month of December, the company has 241,432,550 common shares issued and outstanding with voting rights as at Dec. 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, Canada, owns the Fruta del Norte gold mine in southeastern Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.

The company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the company and its stakeholders.