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Lundin GOLD Share Capital and Voting Rights Update

Share Capital & Compensation

NEWS RELEASE

LUNDIN GOLD SHARE CAPITAL AND VOTING RIGHTS UPDATE

June 30, 2017 (Vancouver, Canada)… Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX:

LUG, Nasdaq Stockholm: LUG) reports the fo llowing share capital and voting rights update in

accordance with the Swedish Financial Instruments Trading Act.

As a result of the issuance of 47,293 common shares in connection with a previously disclosed loan

facility, as at June 30, 2017 the number of issu ed and outstanding shares of the Company is

118,901,825 common shares with voting rights.

About the Company

Lundin Gold Inc., headquartered in Vancouver, Canada, owns the Fruta del Norte (FDN) gold project in

southeast Ecuador, which is one of the largest and highest grade undeveloped gold projects in the world.

The Company has an experienced board and managem ent team with extensive expertise in

construction and operations dedicated to the advancement of this exceptional project.

The Company operates with transparency and in accor dance with international best practices in the

areas of sustainability, health and safety, environm ent and community relations. The Company is

committed to addressing the challeng e of sustainability - delivering value to its shareholders, while

simultaneously providing economic and social b enefits to impacted communities and minimizing its

environmental footprint. The Company believes that the value created through the development of FDN

will not only greatly benefit its shareholders, but also help the Government and people of Ecuador.

Additional Information

The Company is obliged to make this information p ublic pursuant to the Financial Instruments Trading

Act (Sweden). The information was submitted for publication at 2:30pm Pacific Time on June 30, 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.

Sophia Shane

Corporate Development

+1-604-689-7842

[email protected]

www.lundingold.com