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 October 05, 2004
Aldebarán Property Drilling Update

 Lund Gold Ltd. (TSX-V. LGD) is pleased to report that it has now completed approximately one third of its initial 2,000-metre drilling program at the Aldebarán Property in Brazil with the first four drill holes of core drilling. The drilling has intersected altered and mineralized intervals in all four holes, including the initial 100 metres in hole ALD 04-04.

The drilling program is designed to test three distinct geologic models identified in Lund's recently completed IP geophysical survey: iron oxide; epithermal; and bulk tonnage quartz stockwork /quartz vein hosted gold mineralization. These first four holes have tested the bulk tonnage quartz stockwork/quartz vein model, including the site of hole ALD 04-04 which is located in the immediate area that had returned trench sample results of 2.36 g/t gold along 5.2 metres and a separate composite chip sample value of 114.2 g/t gold over 1 metre. Drilling is continuing and is now testing the iron oxide and epithermal geologic models.

In addition to the diamond-drilling program, Lund is completing a number of auger soil sampling profiles in concert with mechanical trenching in areas of geological-geophysical-geochemical interest within the extensive 30 square kilometre gold geochemical target, centrally located within the Aldebarán Property.

Lund and its joint venture partner, Goldmarca Ltd., have an exclusive option to jointly acquire up to 100% interest in the Aldebarán Property.

To find out more about Lund Gold Ltd. (TSX-V: LGD), visit our website at

On behalf of the Board of Directors of

"Chet Idziszek"
Chet Idziszek, President


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