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2017-08-01

LUNDIN GOLD SHARE CAPITAL AND VOTING RIGHTS UPDATE

LUNDIN GOLD SHARE CAPITAL AND VOTING RIGHTS UPDATE

July 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 48,620 common shares in connection with a
previously disclosed loan facility and the issuance of 184,750 common shares in
connection with the exercise of employee stock options, as at July 31, 2017 the
number of issued and outstanding shares of the Company is 119,135,195 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 accordance with international
best practices in the areas of sustainability, health and safety, environment
and community relations. The Company 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. 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 public pursuant to the
Financial Instruments Trading Act (Sweden). The information was submitted for
publication at 2:30 Pacific Time on July 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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