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August 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 21,957 common shares in connection with a
previously disclosed loan facility, the issuance of 430,938 common shares in
connection with a previously disclosed private placement, and the issuance of
78,750 common shares in connection with the exercise of employee stock options,
as at August 31, 2017 the number of issued and outstanding shares of the
Company is 119,666,840 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 2:30pm Pacific Time on August 31, 2017.

For more information, please contact

Lundin Gold Inc.
Ron F. Hochstein
President and CEO

Lundin Gold Inc.
Sophia Shane
Corporate Development

Författare Nasdaq Stockholm

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