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Lundin GOLD Announces Appointment of New Director

Management Changes

NEWS RELEASE

LUNDIN GOLD ANNOUNCES APPOINTMENT OF NEW DIRECTOR

March 17, 2017 (Vancouver, Canada)… Lundin Gold Inc . ("Lundin Gold" or the "Company") (TSX:

“LUG”, Nasdaq Stockholm: “LUG”) is pleased to announce the appointment of Chantal Gosselin to the

Board of Directors. The appointment is effective M arch 16, 2017 and expands the Board to nine

directors, six of whom are independent.

Chantal Gosselin brings over 25 years of combined e xperience in the mining industry and capital

markets. Ms. Gosselin currently serves on the boards of a variety of TSX-listed companies in the natural

resource sectors. Ms. Gosselin’s exposure to the f inancial markets is extensive; she recently held

positions as Vice President and Portfolio Manager at Goodman Investment Counsel and Senior Mining

Analyst at Sun Valley Gold LLP, along with various analysts positions earlier in her career. Ms. Gosselin

has also held various mine-site management position s in Canada, Peru and Nicaragua, giving her

firsthand experience in underground mine developmen t and production, which will bring valuable

knowledge and insight to the Company’s Board of Directors. Ms. Gosselin has a Masters of Business

Administration from Concordia University and a Bach elor of Science (Mining Engineering) from Laval

University and has completed the Institute of Corporate Director program.

"Chantal is an excellent complement to our existing Board, bringing demonstrated and relevant mining

experience and in-depth knowledge of the natural re source capital markets. We believe her combined

experience will further support our strategy to del iver value to our stakeholders through good

governance, operational excellence and continued growth," commented Lundin Gold’s Chairman, Lukas

Lundin.

About the Company

Lundin Gold Inc. owns the Fruta del Norte gold project located in southeast Ecuador. FDN is one of the

largest and highest grade undeveloped gold projects in the world. The Company is advancing FDN in

order to realize the significant potential of this asset.

The Company believes that the value created will no t only greatly benefit shareholders, but also the

Government and people of Ecuador who are the Company's most important stakeholders in this project.

Lundin Gold views its commitment to corporate socia l responsibility as a strategic advantage that

enables it both to access and effectively manage bu siness opportunities in increasingly complex

environments. Lundin Gold is committed to addressing the challenge of sustainability - delivering value

to its shareholders, while simultaneously providing economic and social benefits to impacted

communities and minimizing its environmental footprint.

Additional Information

The information in this release is subject to the d isclosure requirements of the Company under the EU

Market Abuse Regulation and the Swedish Securities Market Act. This information was publicly

communicated on March 17, 2017 at 5:00 a.m. Pacific Time.

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For more information, please contact

Lundin Gold Inc.

Ron F. Hochstein

President and CEO

+593-2-299-6400

+1-604-806-3589

Lundin Gold Inc.

Sophia Shane

Corporate Development

+1-604-689-7842

[email protected]

www.lundingold.com