The Annual Meeting will be held for the following purposes:

1. To receive the Company's audited annual consolidated financial statements and the auditor's reports thereon for the year ended December 31, 2023;
2. To reappoint the auditor for the 2024 financial year;
3. To elect the directors;
4. To vote on a non-binding advisory basis on a resolution to accept the Company's approach to executive compensation;
5. To transact any other business as may properly be brought before the Meeting.

The record date for the Annual Meeting was March 20, 2024. The Notice of Meeting, the accompanying Management Proxy Circular and related meeting materials are now available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.lundingold.com.

How to Vote if Your Securities Trade on the Nasdaq Stockholm Exchange

The information in this section is of significance to Shareholders who hold their Shares through Euroclear Sweden AB ("Euroclear Registered Securities"), which trade on the Nasdaq Stockholm Exchange. Shareholders who hold Euroclear Registered Securities are not registered holders of Shares for the purposes of voting at the Meeting. Instead, Euroclear Registered Securities are registered under CDS & Co., the registration name of the Canadian Depositary for Securities. Holders of Euroclear Registered Securities will receive a voting instruction form (the "Swedish VIF") by mail directly from Computershare AB ("Computershare Sweden"). The Swedish VIF cannot be used to vote securities directly at the Meeting. Instead, the Swedish VIF must be completed and returned to Computershare Sweden strictly in accordance with the instructions and deadlines that will be described in the instructions provided with the Swedish VIF.

Additional Information

The information in this news release was publicly communicated on April 5, 2024 at 10:00 a.m. Pacific Time through the contact persons set out below.

View PDF version (https://mb.cision.com/Public/17210/3957436/b9ad39871f1c38db.pdf)