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Lundin GOLD Announces Voting Results from Annual Meeting

Shareholder Meetings

NEWS RELEASE

Vancouver, May 5, 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 VOTING RESULTS FROM ANNUAL MEETING

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

voting results from the Company’s 202 2 Annual General Meeting of Shareholders (“ Annual Meeting”), which

was held today in Vancouver, British Columbia.

A total of 192,672,069 common shares were voted at the meeting, representing 82.14% of the votes attached

to all the outstanding common shares. Shareholders voted by ballot in favour of each of the items of business

at the Annual Meeting as follows:

Votes For % For

Votes

Withheld % Withheld

Election of Directors

Carmel Daniele 191,149,179 99.69 600,670 0.31

Gillian Davidson 191,620,354 99.93 129,495 0.07

Ian W. Gibbs 161,671,723 84.31 30,078,126 15.69

Chantal Gosselin 191,182,979 99.70 566,870 0.30

Ashley Heppenstall 163,745,368 85.40 28,004,481 14.60

Ron F. Hochstein 188,864,838 98.50 2,885,011 1.50

Craig Jones 189,804,876 98.99 1,944,973 1.01

Jack Lundin 186,282,607 97.15 5,467,242 2.85

Bob Thiele 189,804,269 98.99 1,945,580 1.01

Appointment of Auditors

PricewaterhouseCoopers LLP 192,634,691 99.98 37,378 0.02

Votes For % For Votes Against % Against

Advisory Vote on the Company’s Approach to

Executive Compensation 191,188,311 99.71 561,538 0.29

Approval of the Company’s amended and

restated equity compensation plan and the

unallocated entitlements thereunder 190,929,783 99.57 820,066 0.43

The Board of Directors thanks Mr. Lukas Lundin and Mr. Paul McRae upon their retirements for their

contributions to Lundin Gold’s Board . The Board is pleased to welcome Mr. Jack Lundin to the Board and to

announce that Mr. Jack Lundin has been appointed as the Chair of Board and as a member of the Technical

Committee of the Board.

All nine directors will serve on the Company’s Board of Directors until the next annual meeting of shareholders

or until their successors are elected or appointed.

Detailed voting results for the 2022 Annual Meeting are available on SEDAR at www.sedar.com.

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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

advancing Fruta del Norte responsibly. The Company operates with transparency and in accordance with

international best practices. Lundin Gold is commi tted 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 submitted for publication on May 5, 2022 at 2:00 p.m. PT 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]