Lundin Gold draws down $40M

Lundin Gold Inc.



LUNDIN GOLD DRAWS US$40 MILLION UNDER GOLD PREPAY FACILITY AS IT CONTINUES TO ADVANCE FRUTA DEL NORTE

December 6, 2017 (Vancouver, Canada) Lundin Gold Inc. (“Lundin Gold” or the “Company”) (TSX: LUG, Nasdaq Stockholm: LUG) is pleased to announce that is has drawn an additional US$40 million under the gold prepay credit facility with the Orion Mine Finance Group and Blackstone Tactical Opportunities. The funds will be used to support the ongoing development of the Fruta del Norte gold project in Ecuador.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, is developing its wholly-owned Fruta del Norte gold project in southeast Ecuador. Fruta del Norte is one of the highest-grade and largest gold projects currently under construction. The Company’s board and management team have extensive expertise in mine construction and operations, and are dedicated to advancing this project through to first gold production in 2019.

The Company operates with transparency 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 people of Ecuador.

Additional Information

The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation and the Swedish Securities Markets Act. This information was publicly communicated at 3:45 pm Pacific Time on December 6, 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. Sabina Srubiski Manager, Investor Relations +1-604-806-3089 info@lundingold.com www.lundingold.com