Lundin GOLD Draws US$40 Million Under GOLD Prepay Facility as IT Continues to Advance Fruta Del Norte
NEWS RELEASE
LUNDIN GOLD DRAWS US$40 MILLION UNDER GOLD PREPAY
FACILITY AS IT CONTINUES TO ADVANCE FRUTA DEL NORTE
December 6, 2017 (Vancouver, Canada) Lundin Gold Inc. ("Lundin Gold" or the "Company")
(TSX: LUG, Nasdaq Stockholm: LUG) is pleased to announce that is has drawn an additional
US$40 million under the gold prepay credit facility with the Orion Mine Finance Group and
Blackstone Tactical Opportunities. The funds will be used to support the ongoing development
of the Fruta del Norte gold project in Ecuador.
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 highest -grade and
largest gold projects currently under construction. The Company’s board and management
team have extensive expertise in mine construction and operations, and ar e dedicated to
advancing this project through to first gold production in 2019.
The Company operates with transparency and in accordance with international best practices.
Lundin Gold is committed to delivering value to its shareholders, while simultaneo usly
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 sh areholders, the
Government and the people of Ecuador.
Additional Information
The information in this release is subject to the disclosure requirements of Lundin Gold under
the EU Market Abuse Regulation and the Swedish Securities Markets Act. This information
was publicly communicated at 3:45 pm Pacific Time on December 6, 2017.
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.
Sabina Srubiski
Manager, Investor Relations
+1-604-806-3089
www.lundingold.com
2
Caution Regarding Forward-Looking Information and Statements
Certain of the information and statements in this press release are considered “forward -looking
information” or “forward-looking statements” as those terms are defined under Canadian securities laws
(collectively referred to as “forward -looking statements”). Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, identified by words or phrases such
as “believes”, “anticipates”, “expects”, “is expected”, “scheduled”, “estimates”, “pending”, “intends”,
“plans”, “forecasts”, “targets”, or “hopes”, or variations of such words and phrases or statements that
certain actions, events or results “may”, “could”, “would”, “will”, “should” “might”, “will be taken”, or “occur”
and similar expressions) are not statements of historical fact and may be forward-looking statements.
By their nature, forward -looking statements and information involve assumptions, inherent risks and
uncertainties, many of which are difficult to predict, and are usually beyond the control of management,
that could cause actual results to be materially different from those expressed by these forward-looking
statements and information. Lundin Gold believes that the expectations reflected in this forward-looking
information are reasonable, but no assurance can be given that these expectations will prove to b e
correct. Forward -looking information should not be unduly relied upon. This information speaks only
as of the date of this press release, and the Company will not necessarily update this information, unless
required to do so by securities laws.
This press release contains forward -looking information , including the use of funds drawn under the
facility. Lundin Gold’s actual results could differ materially from those anticipated. Management has
identified the following risk factors which could have a material impact on the Company or the trading
price of its shares: the ability to arrange financing and the risk to shareholders of dilution from future
equity financings; risks related to carrying on business in an emerging market such as possible
government instability and civil turmoil and economic instability; volatility in the price of gold; the timely
receipt of regulatory approvals, permits and licenses; risks associated with the performance of the
Company’s contractors; risks inherent in the deve lopment of an underground mine; deficient or
vulnerable title to mining concessions and surface rights; shortages of resources, such as labour, and
the dependence on key personnel; risks associated with the Company’s community relationships;
unreliable infrastructure and local opposition to mining; volatility in the market price of the Company’s
shares; uncertainty with the tax regime in Ecuador; measures required to protect endangered species;
difficulty complying with changing government regulations and p olicies, including without limitation,
compliance with environment, health and safety regulations, and the cost of compliance or failure to
comply with applicable laws; exploration and development risks; the accuracy of the Mineral Reserve
and Resource est imates for FDN and the Company’s reliance on one project; the Company’s lack of
operating history in Ecuador; illegal mining; uncertainty as to reclamation and decommissioning; adverse
global economic conditions; risks associated with the Company’s informa tion systems; the inadequacy
of insurance; risks of bribery or corruption; the potential for litigation; limits of disclosure and internal
controls; and the potential influence of the Company’s largest shareholders.
There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual
results and future events could differ materially from those anticipated in this forward-looking information
as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's Annual Information
Form for the financial year ended December 2016, which is available on SEDAR at www.sedar.com.