Lundin Gold Inc.

Lundin Gold Inc. has announced additional drilling results from its 2024 near-mine program at Bonza Sur, revealing the site's transition from an early-stage target to a new gold deposit. The company plans to expand its near-mine drilling program by 10,000 meters, bringing the total to approximately 66,000 meters for 2024. The drilling has identified a large mineral envelope with significant potential for expansion. The deposit, discovered in early 2023, has shown promising results, including high-grade gold zones. Lundin Gold aims to announce a maiden resource for Bonza Sur in the first half of 2025. The company is also conducting a metallurgy study and has increased its drilling efforts with four rigs currently operating at the site. The total cost of the 2024 drilling program is estimated at $44 million.

Lundin Gold Inc. announced that as of July 31, 2024, it has 239,602,966 common shares issued and outstanding with voting rights, following the exercise of stock options under its equity compensation plan during July. This information is provided in accordance with the Swedish Financial Instruments Trading Act and can be used by shareholders to determine if they need to notify changes in their shareholdings under the Act's transparency rules. Lundin Gold, headquartered in Vancouver, operates the high-grade Fruta del Norte gold mine in Ecuador and holds additional exploration properties nearby. For more information, contact President and CEO Ron F. Hochstein or Director of Investor Relations Finlay Heppenstall.

Lundin Gold Inc. announced significant results from its 2024 near-mine and conversion drilling programs at its Fruta del Norte (FDN) gold mine in Ecuador. The near-mine drilling at FDN South (FDNS) revealed one of the highest-grade intercepts in the sector, suggesting potential for resource expansion. The conversion drilling program in the north sector of FDN also returned wide and high-grade results, indicating the potential for converting Mineral Resources to Reserves. The near-mine program aims to extend mine life by exploring new discoveries near the existing operation, with ten rigs currently active. The conversion program focuses on upgrading Inferred Mineral Resources to Indicated, with plans to increase the drilling meters based on promising results. The technical data was reviewed by Andre Oliveira, P. Geo, and assays were conducted under a stringent QA-QC program. The company emphasizes the forward-looking nature of these results and acknowledges potential risks and uncertainties.

Lundin Gold Inc. announced that Chief Financial Officer Christopher Kololian will depart the company on August 15, 2024, and will be succeeded by Chester See, the current Senior Vice President Finance. President and CEO Ron Hochstein acknowledged Kololian's contributions, including the company's successful debt reduction strategy, and expressed confidence in See's capabilities, given his extensive experience and history with Lundin Gold. The press release also includes a caution regarding forward-looking statements, noting that actual results may differ from those anticipated due to various risk factors. Lundin Gold operates the Fruta del Norte gold mine in Ecuador and is focused on operational excellence and community impact.

Lundin Gold Inc. announced its second quarter 2024 gold production results from the Fruta del Norte mine in Ecuador, reporting a total production of 133,062 ounces. This includes 83,910 ounces produced as concentrate and 49,152 ounces as doré, with total gold sales amounting to 129,396 ounces. Compared to the same quarter in 2023, production and sales were slightly higher. The mill processed 424,899 tonnes of ore with an average throughput rate of 4,669 tonnes per day, an average grade of 11.0 grams per tonne, and recoveries of 89.0%. Ron Hochstein, President and CEO, stated that the company is on track to meet its 2024 production guidance of 450,000 to 500,000 ounces, attributing the strong performance to higher grades, improved recoveries, and enhanced throughput. The Process Plant Expansion project is expected to be completed by year-end. Lundin Gold will release its second quarter 2024 results on August 8, 2024, followed by a conference call and webcast on August 9. The technical information has been reviewed and approved by Ron Hochstein, a Qualified Person under National Instrument 43-101. The release also includes cautionary statements about forward-looking information and the inherent risks and uncertainties involved. For further information, contact Ron F. Hochstein, President and CEO, or Finlay Heppenstall, Director of Investor Relations and Corporate Development. Lundin Gold, headquartered in Vancouver, operates the Fruta del Norte gold mine and holds a portfolio of exploration properties in Ecuador.

Lundin Gold Inc. has announced that, following the exercise of anti-dilution rights by its largest shareholder in June, the company now has 239,567,966 common shares with voting rights as of June 28, 2024. This information is provided in compliance with the Swedish Financial Instruments Trading Act, and shareholders can use this figure to determine if they need to disclose changes in their shareholdings. The announcement was made on June 28, 2024, at 2:00 p.m. Pacific Time. For further details, contact Ron F. Hochstein, President and CEO, or Finlay Heppenstall, Director of Investor Relations & Corporate Development. Lundin Gold operates the Fruta del Norte gold mine in Ecuador and holds other exploration properties nearby.

Lundin Gold Inc. has announced the completion of the buyout of the stream credit facility and offtake agreement for its Fruta del Norte gold mine in Ecuador from Newmont Corporation. The first tranche of the purchase price, amounting to $180 million, has been paid, with the second and final tranche of $150 million due by the end of the third quarter of 2024. These facilities were part of the initial project financing for the development and construction of the mine. The press release contains forward-looking statements regarding the payment of the second tranche and other future events, which are subject to risks and uncertainties. Lundin Gold emphasizes that actual results may differ materially from these statements. The company operates the Fruta del Norte mine, one of the highest-grade gold mines in the world, and holds other exploration properties nearby. For more information, contact Ron F. Hochstein, President and CEO, or Finlay Heppenstall, Director of Investor Relations & Corporate Development.