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2017-06-01

LUNDIN GOLD SHARE CAPITAL AND VOTING RIGHTS UPDATE

LUNDIN GOLD SHARE CAPITAL AND VOTING RIGHTS UPDATE

May 31, 2017 (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 34,708 common shares in connection with a
previously disclosed loan facility, as at May 31, 2017 the number of issued and
outstanding shares of the Company is 118,854,532 common shares with voting
rights.

About the Company

Lundin Gold Inc. owns the Fruta del Norte (”FDN”) gold project located in
southeast Ecuador. FDN is one of the largest and highest grade undeveloped
gold projects in the world. The Company is advancing FDN in order to realize
the significant potential of this asset.

The Company believes that the value created will not only greatly benefit
shareholders, but also the Government and people of Ecuador who are the
Company's most important stakeholders in this project. Lundin Gold views its
commitment to corporate social responsibility as a strategic advantage that
enables it both to access and effectively manage business opportunities in
increasingly complex environments. Lundin Gold is committed to addressing the
challenge of sustainability - delivering value to its shareholders, while
simultaneously providing economic and social benefits to impacted communities
and minimizing its environmental footprint.

Additional Information

The Company is obliged to make this information public pursuant to the
Financial Instruments Trading Act (Sweden). The information was submitted for
publication at 2:30 Pacific Time on May 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
info@lundingold.com
www.lundingold.com

Författare Nasdaq Stockholm

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