Ron Hochstein, commented the President and CEO: “Completion represents a key operational achievement and is a testament to the excellence of our team. From 2022, this will allow us to accelerate the planned repayment of senior debt via the Cash Sweep mechanism. By taking this step, we can now pursue a variety of opportunities, including future growth, further debt reduction and shareholder distributions. as we continue to generate strong free cash flow at expected production levels and current gold prices. “

Qualified people

The technical information relating to Fruta del Norte contained in this press release has been reviewed and approved by Ron Hochstein, P.Eng., Monday Gold’s President and Chief Executive Officer who is a Qualified Person under National Instrument 43-101.

On Gold Lundin

Gold Lundin, headquartered at Vancouver, Canada, owns the Fruta del Norte gold mine in the southeast Ecuador. Fruta del Norte is one of the highest grade operating gold mines in the world.

The Company’s board of directors and management team have extensive mining expertise and are dedicated to the responsible operation of Fruta del Norte. The Company operates in full transparency and in accordance with best international practices. Gold Lundin is committed to delivering value to its shareholders, while simultaneously delivering economic and social benefits to affected communities, promoting a healthy and safe workplace and minimizing environmental impact. The Company believes that the value created by the development of Fruta del Norte will benefit its shareholders, government and citizens of Ecuador.

Additional information

The information contained in this press release is subject to the disclosure requirements of Gold Lundin under the EU Market Abuse Regulation. This information was publicly released on 22 December 2021 at 2:30 p.m. Pacific time via the contact persons indicated below.

Caution regarding forward-looking information and statements

Certain information and statements contained in this press release are considered “forward-looking information” or “forward-looking statements” as such terms are defined in Canadian securities laws (collectively, “forward-looking statements”). Any statement that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance (often, but not always, identified by words or phrases such as that “believes”, “anticipates”, “expects”, “is expected”, “expected”, “estimates”, “pending”, “is considering”, “plans”, “forecasts”, “targets”, or “hopes”, or variations of those words and expressions or statements that certain actions, events or results “could”, “could”, “would be”, “will”, “should”, “could”, “would” or “Occur” and similar expressions) are not statements made and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks and uncertainties, many of which are difficult to predict and generally beyond management’s control, which could result in actual results materially different from those expressed by such statements. prospective. statements and research information. Gold Lundin believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that such expectations will prove to be correct. You should not place undue reliance on forward-looking information. This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws.

This press release contains forward-looking information in several places, such as statements relating to its production outlook for 2022 and its free cash flow. There can be no assurance that these statements will prove to be correct, as Monday Gold’s actual results and future events could differ materially from those anticipated in this forward-looking information due to the factors described in the “Risk factors” section in Monday Gold’s Annual Information Form dated March 2, 2021, available on or on SEDAR.

Monday Gold’s actual results could differ materially from those anticipated. Factors which could cause actual results to differ materially from any forward-looking statement or which could have a material impact on the Company or its share price include: risks related to the impacts of a pandemic virus epidemic, political and economic instability in Ecuador, production estimates, mining operations, the company’s relationship with the community, ability to maintain obligations or comply with debt, financing requirements, volatility in the price of gold, shortages of ” critical supplies, compliance with environmental laws and liability for environmental contamination, lack of availability of infrastructure, the Company’s dependence on a single mine, concession titles, easements and insufficient or vulnerable surface rights, uncertainty over the tax regime of Ecuador, the Company’s workforce and its labor relations, the inherent safety hazards and risks to the health and safety of the Company’s employees and subcontractors, the Company’s ability to obtain, maintain or renew regulatory approvals, permits and licenses, imprecision of estimates of mineral reserves and resources, recruitment of key talent and retention of key personnel, volatility of stock prices, potential influence of major shareholders of the Company, measures to protect endangered species and critical habitats, the Company’s dependence on its information systems and the risk of cyber attacks against these systems, the cost of non-compliance and compliance costs, exploration and development risks, risks associated with illegal mining, adequacy of the Company’s insurance, uncertainty as to reclamation and declaration ssement, the ability to Gold Lundin to ensure compliance with anti-corruption and anti-corruption laws, uncertainty regarding the risks posed by climate change, the potential for litigation, disclosure limits and internal controls, security risks for the Company, its assets and its personnel, conflicts of interest, risks of the Company not declaring dividends, social media and reputation.

SOURCE Lundin Gold Inc.

For more information: Ron F. Hochstein, President and CEO, Tel (Ecuador): +593 2-299-6400, Tel (Canada): + 1-604-806-3589, [email protected]; Finlay Heppenstall, Director, Investor Relations, Tel. : +1 604 806 3089, [email protected]

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John A. Bogar