Lund Acquires the Don-Don Property in Northern B.C.

Lund Gold Ltd. (TSX VENTURE:LGD) is pleased to report that it has, subject to
regulatory approval, been granted the sole and exclusive option to acquire a
100% interest in sixteen claims covering 6,105 hectares located in the Omineca
Mining Division, Province of British Columbia, known as the Don-Don Property.


The Don-Don Property is contiguous with claims belonging to Lysander Gold's
"Pinchi Project" which have been recently optioned by Amarc Resources. The
Don-Don Property covers a portion of the Pinchi fault contact with the Duckling
Creek syenitic phase of the Hogen Batholith where alkalic porphyry copper-gold
mineralization has been found to be associated with the Duckling Creek intrusive
phases of the Hogen Batholith locally. A large IP target occurs on the adjacent
Lysander ground and is open to the west onto the Don-Don Property which also
hosts two large prominent EM airborne anomalies.


The Northern Quesnel Trough area is very active with numerous companies
exploring for porphyry style copper-gold mineralization, including work in the
north around Kemess and locally at the Lorraine property and to the south at
Serengeti Resources Kwanika property and at Mt Milligan. Lund plans to begin
geophysical work shortly with a view to generating drill targets as soon as
possible.


In order to exercise its option, Lund must pay the vendors a total of $203,000
over four years, issue a total of 650,000 shares of Lund over five years and
incur exploration expenditures totalling $575,000 over four years. The Vendors
will retain a royalty equal to 3% of net smelter returns, with Lund having the
right to purchase, at any time, one third of the royalty (being equal to one
percent (1%) of net smelter returns) by paying the vendors the sum of
CAD$2,000,000.


To find out more about Lund Gold Ltd. (TSX VENTURE:LGD), visit our website at
www.lundgold.com.


On behalf of the Board of Directors of LUND GOLD LTD.

Chet Idziszek, President

Lund Enterprises Corporation (TSXV:LGD)
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から 5 2024 まで 6 2024