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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

March 29, 2018 (Vancouver, Canada) Lundin Gold Inc. ("Lundin Gold" or the "Company")

(TSX: LUG, Nasdaq Stockholm: LUG) reports the following share capital and voting rights

update in accordance with the Swedish Financial Instruments Trading Act.

As a result of the issuance of 93,497,140 common shares in c onnection with a previously

disclosed equity private placement financing, as at March 29, 2018, the number of issued and

outstanding shares of the Company is 213,163,980 common shares with voting rights.

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 exten sive 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 thro ugh 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 Swedish Financial Instruments Trading Act. This information was publicly communicated

on March 29, 2018 at 2:30 p.m. Pacific Time.

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

[email protected]

www.lundingold.com

Follow Lundin Gold on Twitter