As a result of the exercise of employee stock options during the month of February, the Company now has 230,604,087 common shares issued and outstanding with voting rights as at February 26, 2021. 
This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Swedish Financial Instruments Trading Act on disclosure of major shareholdings (Transparency Rules).

The Company's board and management team have extensive expertise in mine operations and are dedicated to operating Fruta del Norte responsibly. 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 citizens of Ecuador.

Additional Information
The information in this release is subject to the disclosure requirements of Lundin Gold under the Swedish Financial Instruments Trading Act. This information was publicly communicated on February 26, 2021 at 2:00 p.m. Pacific Time through the contact persons set out below.

LundinGold_0226.pdf (https://mb.cision.com/Public/17210/3297169/838cd70473b39843.pdf)