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 November 09, 2010
Blackfox Property Program Update

 Lund Gold Ltd. ("Lund") is pleased to announce the completion of the 2010 exploration program at the Blackfox project in Ontario.

The 2010 exploration program included detailed prospecting and rock geochemical and geologic sampling to determine the source of anomalous gold-in-soil geochemical anomalies with the focus on the ground follow-up of favourable geology and alteration and coincident conductive magnetic and high priority gold-in-soil geochemical anomalies. This work was unable to locate the source area for the high grade angular blocks of gold float, consisting of hydrothermally altered volcanic rock situated near the property centre. Prior sampling of the altered float by the Ontario Ministry of Northern Development and Mines ("MNDM") office in Thunder Bay returned consistent gold values ranging from 165 to 189 g/t gold.

Lund is assessing the results of the 2010 program prior to determining the next stages of work for this project.

In addition, Lund is continuing to evaluate other high quality precious and base metal projects of merit for possible acquisition.

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



"Chet Idziszek"
Chet Idziszek,
President




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