News

Lund Gold Ltd. (TSX-V: LGD) ("Lund") and Noront Resources Ltd. (TSX-V: NOT) ("Noront") are pleased to release the following project update on their Lund property.

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Lund Gold Ltd. (TSX-V: LGD) ("Lund") is pleased to announce that it has entered into an option agreement, subject to regulatory approval, to acquire a 100% legal and beneficial interest in 9 contiguous unpatented mining claims (76 units, 1216 hectares) known as the Blackfox Property.

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Lund Gold Ltd. (TSX-V: LGD) has received a status update on the Ring of Fire / McFauld's Lake Ontario project recently acquired under option from Noront Resources Ltd.

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Further to its news release of March 20, 2008, Lund Gold Ltd. (TSX-V: LGD) ("Lund") has today issued a total of 8,975,704 shares, a portion on a flow-through basis, for total gross proceeds of $2,533,850.

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Lund Gold Ltd. (TSX-V: LGD) ("Lund") is pleased report that it has, subject to regulatory approval, arranged a brokered private placement of up to $2,000,000 of common share units and flow-through units.

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Further to its news release of February 4, 2008, Lund Gold Ltd. (TSX-V: LGD) ("Lund") is pleased to report that approval has been received from the TSX Venture Exchange pursuant to an option agreement between Lund and Noront Resources Ltd. (TSX-V:NOT) ("Noront")

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Lund Gold Ltd. (TSX-V:LGD) ("Lund") and Noront Resources Ltd. (TSX-V:NOT) ("Noront") are pleased to announce that they have entered into an option agreement pursuant to which Lund has been granted the option to acquire a 50% legal and beneficial interest in 13 claim blocks covering a total of 169 units in the 'Ring of Fire', McFauld's Lake, Ontario, near Noront's nickel copper discovery.

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Lund Gold Ltd. (TSX-V:LGD) is pleased to announce encouraging results from its initial drilling evaluation of one of six targets established to date at the Carneirinho Gold Project in Brazil. Seven diamond drill holes totaling 1,155 metres were completed during Lund’s Phase II program July through September. All of the drilling was within Anomaly A, a 175-metre by 600-metre gold-in-soil geochemical anomaly identified during Lund’s Phase I program. Lund holds an option to acquire a 100% interest in the Carneirinho Project.

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Lund Gold Ltd. (TSX-V:LGD) is pleased to report the commencement of core drilling and encouraging preliminary results from the 2007 follow-up exploration program at its Carneirinho Property, Brazil. Kluane International Drilling Inc. has been contracted to complete a 1000-metre core drilling program as part of the $700,000 budget for 2007. Lund holds an option to acquire a 100% interest in the Carneirinho Property.

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Lund Gold Ltd. (TSX-V:LGD) is pleased to report that the Phase 2 exploration at the Carneirinho Property in the Tapajos region of north central Brazil has commenced. The Phase 1 gold results from reconnaissance sampling show that 185 soil samples contain more than background levels gold. In total, 6 spacially separate gold anomalies exist away from the current Garimpeiro workings. Of the 6 gold anomalies, 4 exist in conjunction with a coincidental magnetic low and 2 of the anomalies are coincident with a linear magnetic high based on the ground geophysical survey completed as part of the phase 1 exploration. Construction of a 20 man camp has begun and will be completed by the end of the month to facilitate the Phase 2 exploration.

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Lund Gold Ltd. (TSX-V: LGD) is pleased to report that it has agreed, subject to regulatory approval, to appoint Grandich Publications LLC. (“Grandich”) as a public relations consultant for an initial period of twelve months beginning May 15, 2007. Its primary responsibilities will be to assist Lund with the development and implementation of a public and investor relations and communications program and provide ongoing assistance to Lund respecting development and enhancement of Lund’s public and market image. Grandich is based in New Jersey and will be providing its services on a consulting basis. It will receive consulting fees of USD1,500 per month and, subject to regulatory approval, has been granted an incentive stock option to purchase 100,000 shares of Lund at a price of $0.33 per share until May 15, 2009. Grandich does not presently own any shares of Lund but may in the future acquire shares of Lund for investment purposes. For over twenty years, Grandich has provided public relations, corporate communications and corporate finance consulting services to numerous exploration and mining companies.

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Lund Gold Ltd. (TSX-V: LGD) is pleased to report that the second phase of exploration at its Carneirinho Property in the Tapajós region of north central Brazil will commence by the end of May. The results from reconnaissance sampling carried out in Phase I show that 185 soil samples contain more than background levels of gold. In total, six spatially separate gold anomalies exist away from the current garimpeiro workings. Of these six gold anomalies, four exist in conjunction with a coincidental magnetic low and two of the anomalies are coincident with a linear magnetic high based on the ground geophysical survey completed as part of the Phase 1 exploration program.

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Further to its news release of March 12, 2007, Lund Gold Ltd. (TSX-V: LGD) is pleased to report that it has closed the non-brokered private placement of 12,000,000 units of Lund at price of $0.25 per unit to generate proceeds of $3,000,000.

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Lund Gold Ltd. (TSX-V: LGD) is pleased to report that it has arranged, subject to regulatory approval, a non-brokered private placement of 12,000,000 units of Lund at price of $0.25 per unit to generate proceeds of $3,000,000 that will be used primarily to fund the next phase of work on its Carneirinho Property in Tapajós region of north central Brazil. Each unit will consist of one share of Lund and one half of a non-transferable share purchase warrant, each whole warrant entitling the purchase of an additional share of Lund at a price of $0.40 per share for a period of two years following the date of closing.

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Lund Gold Ltd. (TSX-V:LGD) and Oromin Explorations Ltd. (TSX-V:OLE) are pleased to report that the Phase 1 exploration at the Carneirinho Property in the Tapajos region of north central Brazil is complete. Extensive former and current garimpeiro workings are located within the Carneirinho Property. Historical production from the property is reported to be approximately 3 tonnes of gold. The main garimpeiro pit, Antonio de Luca had a corresponding gold in soil anomaly and is associated with a well defined magnetic low.

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Lund Gold Ltd. (TSX-V:LGD) and Oromin Explorations Ltd. (TSX-V:OLE) are pleased to report that the Phase 1 exploration at the Carneirinho Property in the Tapajos region of north central Brazil is complete. The exploration included the collection of 1199 soil and 73 rock samples as well as gridding, ground geophysical surveying (magnetics) and reconnaissance mapping totaling more than 68 line kilometers.

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Lund Gold Ltd. (TSX-V:LGD) and Oromin Explorations Ltd. (TSX-V:OLE) are pleased to report that an exploration crew under the direction of Apex Geoscience has mobilized to their Carneirinho Property in the Tapajós region of north central Brazil. The Tapajós region is generally regarded as the premier epithermal gold district in Brazil and the Carneirinho Property lies approximately 30 kilometres northwest of the Tocantinzinho Property currently being explored by Brazauro Resources Corp. Lund and Oromin hold an option to jointly acquire a 100% interest in the Carneirinho Property.

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Further to its news release of February 16, 2006, Lund Gold Ltd. (TSX-V: LGD) is pleased to report that it has closed the non-brokered private placement of 7,500,000 units of Lund at price of $0.15 per unit to generate proceeds of $1,125,000. Each unit consists of one share of Lund and one half of a non-transferable share purchase warrant, each whole warrant entitling the purchase of an additional share of Lund at a price of $0.25 per share until March 15, 2008. All securities issued pursuant to this placement are subject to a four month hold period expiring on July 15, 2006.

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Lund Gold Ltd. (TSX-V: LGD) is pleased to report that it has arranged, subject to regulatory approval, a non-brokered private placement of 7,500,000 units of Lund at price of $0.15 per unit to generate proceeds of $1,125,000 that will be used primarily to fund the initial phase of work on its Carneirinho Property in Tapajós region of north central Brazil. Each unit will consist of one share of Lund and one half of a non-transferable share purchase warrant, each whole entitling the purchase of an additional share of Lund at a price of $0.25 per share for a period of two years following the date of closing.

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Lund Gold Ltd. (TSX-V: LGD) reports results from the last four drill holes of the 12-hole, 2,000 metre Phase I drilling program at its Aldebarán property in Brazil. Lund has drill tested only two geochemicalgeophysical target areas (Central Baixao Creek and Grota Rica) representing only a fraction of the area covered by the Aldebarán Property’s extensive 30 square kilometre geochemically anomalous exploration target.

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Lund Gold Ltd. (TSX-V: LGD) is pleased to report that the remainder of its 2,000 metre Phase I drilling program on the company’s Aldebaran property has been completed and the company is awaiting the assay results which are due shortly.

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Lund Gold Ltd. (“Lund”) and Oromin Explorations Ltd. (“Oromin”) are pleased to announce that they have been granted an option to jointly acquire a 100% interest in the 5,000-hectare Carneirinho gold exploration property in north central Brazil. The Carneirinho Property is located approximately 200 kilometres southwest of the city of Itaituba within the very active Tapajós region, generally regarded as the premier epithermal gold district in Brazil. The Carneirinho Property lies approximately 30 kilometres northwest of the Tocantinzinho Property currently being explored by Brazauro Resources Corp.

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