Lundin GOLD Recognized BY United Nations Global Compact FOR Its Sustainable Development Best Practices
NEWS RELEASE
LUNDIN GOLD RECOGNIZED BY UNITED NATIONS GLOBAL
COMPACT FOR ITS SUSTAINABLE DEVELOPMENT BEST
PRACTICES
November 22 , 2017 (Vancouver, Canada) Lundin Gold Inc . ("Lundin Gold" or the
"Company") (TSX: LUG, Nasdaq Stockholm: LUG) is pleased to announce that it has been
recognized by the United Nations Global Compact Networks of Colombia and Ecuador (“Global
Compact”) at the Best Practice Awards for Sustainable Development for its work undertaken
jointly with the Lundin Foundation and Catering Las Peñas (“CLP”), the supplier of food
preparation, cleaning and laundry services to the Company’s Fruta del Norte gold project
(“Fruta del Norte”) in Ecuador.
Global Compact is a United Nations’ initiative through which companies and organizations
voluntarily undertake to align their strategies with ten universal principles of corporate social
responsibility. Following the Global Compact’s evaluation process , Lundin Gold was
recognized for its work with CLP, which relates to Sustainable Development Goal (“SDG”) 8,
Decent Work and Economic Growth. This award will allow the Company to be evaluated in
the 2018 Regional SDG Awards with companies from other countries in Latin America and the
Caribbean.
“The alliance between CLP, the Lundin Foundation and Lundin Gold has had a significant
positive economic impact in the province of Zamora Chinchipe and local communities that
surround Fruta del Norte,” said Ron Hochstein, President and CEO of Lundin Gold. “Local
agricultural producers are now integrated into the catering supply chain, which has boosted
the economy and has generated important sources of stable and gainful employment. We are
very proud of the results achieved with CLP.”
Lundin Gold is committed to developing Fruta del Norte responsibly. In line with this, the
Company aligns its community investment programs with the United Nations SDGs. This set
of goals seeks to eradicate poverty, protect the environment and ensure prosperity as part of
a sustainable development agenda.
Catering Las Peñas, a sustainable business that fosters development
CLP was founded by former Lundin Gold employees, who, in doing so, fulfilled their dream to
create their own business. Since 2015, CLP has offered food preparation, cleaning an d
laundry services to Fruta del Norte. Moreover, CLP and Lundin Gold share a common vision
and commitment to sustainability. In just over two years, 150 jobs have been created, 75% of
which are from the province of Zamora Chinchipe. More than 65% of CLP’s suppliers are from
the province of Zamora Chinchipe, and 30% of its purchases are made within the parish of Los
Encuentros.
Throughout its development, CLP has partnered with the Lundin Foundation and Lundin Gold.
The initial investment and technical assistance provided by the Lundin Foundation helped to
ensure the success of CLP and promote prosperity in the region.
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About the Lundin Foundation
The Lundin Foundation works in partnership with the Lundin Group of companies, host
governments, and local communities to improve the management of, and benefit streams from,
resource development projects. Operating across diverse geo graphies, each with a unique
cultural and socio -economic context, the Foundation aims to ensure inclusive benefits for
generations to come.
The Foundation embodies the entrepreneurial spirit of the Lundin Group of Companies,
creating jobs, stimulating t he economy, training workers and improving livelihoods for those
living at or near the bottom of the economic pyramid. The Foundation designs and implements
strategic initiatives through the provision of capacity building, targeted technical assistance
and performance-based funding. Since inception, the Foundation has disbursed $62 million in
support of building resilient communities.
About Lundin Gold
Lundin Gold, headquartered in Vancouver, Canada, is developing its wholly -owned Fruta del
Norte gold pr oject 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 are 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 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 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 9:00 am Pacific Time on November 22, 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
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Figure 1. Iliana Rodríguez, Vice President of Human Resources at Lundin Gold, together
with Víctor Armijos (left) and Jorge Granda (right), founders of Catering Las Peñas.
Figure 2. Tyler Wordsworth, Commercial Program Director Embassy of Canada; Edwin
Sarango, representative of an association of local producers that works with Catering
Las Peñas; Víctor Armijos, Catering Las Peñas; Iliana Rodríguez, Vice President of
Human Resources at Lundin Gold; Simón Schwillo, Catering Las Peñas; Santiago
Yépez, President of the Mining Chamber of Ecuador.
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Figure 3. Víctor Armijos, representative of Catering Las Peñas; Rebeca Illescas, Vice
minister of Mining; Iliana Rodríguez, Vice President of Human Resources of Lundin
Gold and Jorge Granda, representative Catering Las Peñas.