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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

August 31, 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 21,957 common shares in connection with a previously disclosed loan

facility, the issuance of 430,938 common shares in connection with a previously disclosed private

placement, and the issuance of 78,750 common shares in connection with the exercise of employee

stock options, as at August 31, 2017 the number of issued and outstandi ng shares of the Company is

119,666,840 common shares with voting rights.

About the Company

Lundin Gold Inc., headquartered in Vancouver, Canada, owns the Fruta del Norte 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 management 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 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 p ublication at 2:30pm Pacific Time on August 31,

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