Lundin Gold Inc. announced additional drilling results from its ongoing 2024 near-mine exploration program at Bonza Sur, in close proximity to its 100%-owned Fruta del Norte gold mine in southeastern Ecuador. Recent results confirm the significant size of the Bonza Sur mineral deposit. Drilling has extended the deposit's length by 800 metres to approximately 2.6 kilometres and widened it to 150 metres.

Importantly, Bonza Sur remains open for further discovery in all directions and at depth. Highlights from the ongoing drill program at Bonza Sur are outlined below (not true widths). Detailed results are provided at the end of this release.

Drill hole AMN -2024-156 intersected 2.35 grams per tonne ("g/t") of gold ("Au") over 100.30 m from 333.2 m, including: 3.30 g/t Au over 53.20 m from 353.8m, Drill hole BLP-2024-189 intersected 1.54 g/t Au over 123.50 m from 72.90 m, including: 3.08 g/t Au over 48.0 m from 81.3m, with: 10.06 g/t Au over 7.60 m, Drill hole BLP- 2024-162 intersected 1.43 g/t Au over 115.60 m from 47.40 m including: 2.43 g/t Au across 58.10 m from 92.90m, with: 4.58/t Au over 20.50m, Drill hole BLP -2024-173 intersected 1.22 g/t Au over 133.20 m from 31.90 m including: 2.54 g/t Au across 49.80 m from 113.40m, with: 17.29 g/t Au over 2.9m. Mineral Reserve and Mineral Resource estimates; title matters and surface rights and access; health and safety; human rights; employee misconduct; measures to protect biodiversity; endangered species and criticalhabats; global economic conditions; shortages of critical resources; competition for new projects; key talent recruitment and retention; market price of the Company's shares; social media and reputation; insurance and insurance risks; pandemics, epidemics or infectious disease outbreak; climate change; illegal mining; conflicts of interest; ability to maintain obligations or comply with debt; violation of anti-briribery and corruption laws; internal controls; claims and legal proceedings; and reclamation obligations.