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LUG.TO ·

Lundin GOLD Annual General and Special Meeting

Shareholder Meetings

885 West Georgia Street T +1 604 689 7842

Suite 2000 F +1 604 689 4250

Vancouver, BC [email protected]

Canada V6C 3E8 lundingold.com

NEWS RELEASE

LUNDIN GOLD ANNUAL GENERAL AND SPECIAL MEETING

TO BE HELD JUNE 3, 2019

May 3, 2019 (Vancouver, Canada) Lundin Gold Inc. (the "Company") (TSX: “LUG”, Nasdaq

Stockholm: “LUG”) announces that its Annual General and Special Meeting of Shareholders

will be held at the offices of Blake, Cassels & Graydon LLP, Suite 2600, 595 Burrard Street,

Vancouver, British Columbia on Monday, June 3, 2019 at 10:00 a.m. (Pacific Time), for the

following purposes:

1. To receive the audited consolidated financial statements and accompanying

management discussion and analysis of Lundin Gold Inc. for the year ended December

31, 2018, along with the report of the auditors;

2. To reappoint the auditor for the upcoming year and to authorize the directors to fix the

remuneration of the auditor;

3. To elect ten directors to the Board for the upcoming year;

4. To approve the Company’s new Omnibus Incentive Plan, as more particularly

described in the Management Information Circular; and

5. To transact such other business as may properly come before the Meeting.

The record date for the Annual General and Special Meeting is April 24, 2019. The Notice of

Meeting, the accompanying Management Proxy Circular and related meeting materials are

now available under the Company's profile on SEDAR at www.sedar.com and on the

Company’s website at www.lundingold.com.

How to Vote if Your Securities Trade on the Nasdaq Stockholm Exchange

The information in this section is of significance to shareholders who hold their securities

(“Euroclear Registered Securities”) through Euroclear Sweden AB, which securities trade

on the Nasdaq Stockholm Exchange. Shareholders who hold Euroclear Registered

Securities are not registered holders of voting securities for the purposes of voting at the

Meeting. Instead, Euroclear Registered Securities are registered under CDS & Co., the

registration name of the Canadian Depositary for Securities. Holders of Euroclear

Registered Securities will receive a Form of Proxy (the “Swedish Proxy”) by mail directly

from Computershare AB (“Computershare Sweden”). The Swedish Proxy cannot be used

to vote securities directly at the Meeting. Instead, the Swedish Proxy must be completed

and returned to Computershare Sweden, strictly in accordance with the instructions and

deadlines that will be described in the instructions provided with the Swedish Proxy.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, is developing its wholly-owned Fruta del

Norte gold project in southeast Ecuador. Fruta del Norte is one of the world's largest, highest-

grade gold projects currently under construction. T he Company's board and management

2

team have extensive expertise in mine construction and operations, and are dedicated to

advancing this project through to first gold production in the fourth quarter of this year.

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

The information in this release is subject to the disclosure requirements of Lundin Gold under

the the EU Market Abuse Regulation. This information was publicly communicated on May 3,

2019 at 5:00 a.m. Pacific Time through the contact persons set out below.

For more information, please contact

Lundin Gold Inc.

Ron F. Hochstein

President and CEO

+593 2-299-6400

+604-806-3589

Lundin Gold Inc.

Sabina Srubiski

Manager, Investor Relations

+1-604-806-3089

[email protected]

www.lundingold.com

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