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Lundin Gold to Conduct Feasibility Study of Fruta Del Norte Gold Project in Ecuador

Lundin Gold Inc. ("Lundin Gold" or the "Company") is pleased to announce that it has assembled an integrated engineering team for the feasibility study of the Fruta del Norte gold project in Ecuador.

Along with the Company's project management and its team of engineers, Lundin Gold has retained a group of leading engineering firms with extensive gold experience, in particular within tropical climates, and some with previous experience on the Fruta del Norte project itself. The purpose of the study is to establish the best economic options for the development of Fruta del Norte into a large scale, low cost underground gold mining operation.

The team includes:

Amec Foster Wheeler Americas Limited. This firm has been assigned responsibility for process, project water management, infrastructure, report preparation and overall project management. The work is planned to be managed and extensively carried out by Amec's Santiago, Chile office.

NCL Engineering and Construction SpA. This firm has been assigned responsibility for reserve estimation, proposed underground mine design and associated surface facilities. It is also planned that this work will be carried out by NCL's Santiago office.

Patterson & Cooke Canada Inc. This firm has been assigned responsibility for the back fill design aspects, including both paste and or cemented rock fill for the proposed underground mine. This work is planned to be managed from Patterson & Cooke's Sudbury, Ontario office.

Klohn Crippen Berger S.A. This firm has been assigned responsibility for tailings design, plant site geotechnical and surface hydrology aspects and plans to carry out the work primarily from its Lima, Peru office.

SRK Consulting (Canada) Inc. This firm has been assigned responsibility for hydrogeology and geotechnical aspects of the mine and plant designs and plans to carry out work from its Vancouver, British Columbia office.

Metallurgical test work is expected to begin shortly, with the work being done by SGS in Lakefield, Ontario. Environmental permitting activities are currently being performed Lundin Gold staff, working with various consulting groups.

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