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LUG.TO ·

Lundin GOLD Announces Appointment of V.p. Exploration

Management Changes

NEWS RELEASE

Vancouver, March 21, 2022

Lundin Gold Inc. 885 West Georgia Street, Suite 2000 Phone: +1 604 689 7842 lundingold.com

Vancouver, BC, V6C 3E8 Fax: +1 604 689 4250 Email: [email protected]

LUNDIN GOLD ANNOUNCES APPOINTMENT OF V.P. EXPLORATION

Lundin Gold Inc. (TSX: LUG; Nasdaq Stockholm: LUG) ("Lundin Gold" or the "Company") is pleased to announce

the appointment of Mr. Andre Oliveira as Vice President, Exploration.

“I am very happy to welcome Andre to Lundin Gold” said Ron Hochstein, President and CEO. “He is a great

addition to our existing exploration team which originally discovered the Fruta del Norte deposit. One of Andre’s

priorities will be to evaluate ways to expand our near mine and regional exploration programs as growth through

exploration is one of our key pillars for creating shareholder value.”

Andre is a Professional Geologist and has over 20 years of experience in all stages of gold and base metals

exploration in South America. Andre was employed by Yamana Gold for more than 17 years and held the roles

of Senior Geologist, Manager, Country Director, and ultimately as South America Senior director, where he was

directly involved with the exploration success in several producing mines and in the generation of new early -

stage exploration projects. Earlier in his carrier, Mr. Oliveira was an exploration geologist at Anglo Gold Ashanti’s

Crixas gold mine and Regional Exploration Geologist at De Beers. Andre is a registered Professional Geoscientist

in the Province of Ontario, holds a Bachelor of Geology from the University of Sao Paulo State and is currently

completing an MBA in International Mineral Resources Management from University of Dundee in the UK. Andre

is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast 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 in mine operations 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, while

simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe

workplace and minimizing the environmental impact. The Company believes that the value created through the

development of Fruta del Norte will benefit its shareholders, the Government and the citizens of Ecuador.

Additional Information

This information was publicly communicated on March 21, 2022 at 2:00 p.m. Pacific Time through the contact

persons set out below.

For more information, please contact

Ron F. Hochstein Finlay Heppenstall

President and CEO Director, Investor Relations

Tel (Ecuador): +593 2-299-6400 Tel: +1 604-806-3089

Tel (Canada): +1 604-806-3589 [email protected]

[email protected]