Lundin Gold Announces Start of Construction of Mine Facilities and Completion of Project Update for Fruta Del Norte

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2017) - Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX:LUG)(OMX:LUG) is pleased to report the start of construction of the mine development support facilities on its 100% owned Fruta del Norte Project ("FDN" or the "Project") in Ecuador. In addition, the Company has completed a project update for FDN. The update is based on advancing the design and estimates from the Technical Report entitled "Fruta del Norte - NI 43-101 Technical Report on Feasibility Study" (the "FS") filed by the Company in June 2016. The updated results include a revised mine plan, updated capital and operating costs and a new execution plan based on a self-perform approach versus EPCM. All dollar amounts are quoted in U.S. dollars ("$") and all cash cost information is net of silver by-product credits. This update should be read in conjunction with the FS.