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 November 08, 2013
News Release

 Lund Gold Ltd. ("Lund" or the "Company") wishes to announce that shareholder approval will be sought at the upcoming Annual General and Special Meeting on December 5th, 2013, for a special resolution to be passed to consolidate all of Lund's issued and outstanding common shares on the basis of one (1) new common share for every ten (10) old common shares or such lesser ratio as the board of Directors (the "Board") may determine (the "Consolidation"), such that upon completion of the Consolidation all of the 48,353,033 issued and outstanding common shares of Lund will be consolidated into 4,835,303 issued and outstanding common shares, if consolidated on a 10:1 basis. Outstanding stock options and warrants will similarly be adjusted by the Consolidation ratio.

The Board believes that the Consolidation is necessary in order to prepare Lund for future opportunities and to facilitate access to additional funding. This Consolidation remains subject to all required regulatory approvals, including both TSX Venture Exchange (the "Exchange") approval and shareholder approval.

In the event that the Consolidation is completed, the Exchange may require a change of the name of the Company. The Board has the authority under the Business Corporations Act (British Columbia) and the Articles of the Company to change the name of the Company. The change of name remains subject to receipt of all necessary regulatory approvals, including approval from the Exchange. Additional information relating to the proposed share consolidation and proposed name change is included in Lund's information circular dated October 30, 2013, which is available on SEDAR at www.sedar.com.

To find out more about Lund Gold Ltd., please visit our website at www.lundgold.com.

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

"Chet Idziszek"
Chet Idziszek,
President


Forward-looking Statements: This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Lund expects to occur, are forward looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this document include statements regarding the benefits to be realized from the Consolidation. Although Lund believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, inability to obtain required regulatory or governmental approvals and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
 
 

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