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Lundin GOLD to Present at Virtual Town Hall Meeting ON

Marketing Announcement

NEWS RELEASE

Vancouver, March 7, 2022

Lundin Gold Inc. 885 West Georgia Street, Suite 2000 Phone: +1 604 689 7842 lundingold.com

Vancouver, BC, V6C 3E8 Fax: +1 604 689 4250 Email: [email protected]

LUNDIN GOLD TO PRESENT AT VIRTUAL TOWN HALL MEETING ON MARCH 10, 2022

Lundin Gold Inc. (TSX: LUG; Nasdaq Stockholm: LUG) ("Lundin Gold" or the "Company") is pleased to announce

that Ron Hochstein, President and CEO, will be presenting at a Virtual Town Hall on Thursday, March 10, 2022 at

6:00 pm CET/12 noon EST.

Lundin Gold announced its fourth quarter and full year 2021 results on February 23, 2022, with key highlights

including production of 428,514 oz of gold at an All -in Sustaining Cost (AISC)1 of $762 per oz, beating guidance

of 380,000 to 420,000 oz and AISC of $770 to $830 per oz, respectively, and resulting in free cash flow¹ of $268

million for the year.

Register for the live event here: Register Lundin Gold Town Hall or at www.lundingold.com.

A copy of the presentation will be available on the Company’s website.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador.

Fruta del Norte is among the highest-grade operating gold mines in the world.

The Company's board and management team have extensive expertise in mine operations and are dedicated to

operating Fruta del Norte responsibly. The Company operates with transparenc y 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 citizens of Ecuador.

Additional Information

This information was publicly communic ated on March 7, 2022 at 2:00 p.m. Pacific Time through the contact

persons set out below.

For more information, please contact

Ron F. Hochstein Finlay Heppenstall

President and CEO Director, Investor Relations

Tel (Ecuador): +593 2-299-6400 Tel: +1 604-806-3089

Tel (Canada): +1 604-806-3589 [email protected]

[email protected]

1 Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on

page 14 of the Company's MD&A for the year ended December 31, 2021 available on SEDAR.