Lundin Gold Declares Quarterly Dividends of US$1.15 per Share

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• The quarterly dividend of US$1.15 per share reflects another period of strong performance and cash flow generation at Fruta del Norte and is based on returning 100% of normalized free cash flow, after payment of the fixed dividend, to shareholders

  80% confidence

• Fruta del Norte is among the highest-grade operating gold mines in the world

  80% confidence

• Lundin Gold's ability to consistently return capital to shareholders is driven by the exceptional margins and consistency of the Fruta del Norte asset

  80% confidence

• The variable dividend will be equal to an amount per share based on at least 50% of the Company's normalized free cash flow during the preceding quarter, less the fixed dividend paid during such period

  80% confidence

• The company continues to demonstrate the quality of FDN and commitment to delivering meaningful returns to shareholders while advancing a growing pipeline of high value opportunities

  80% confidence