Lundin Gold intercepts 108.61 g/t Au over 11.75 m at FDNS; 236.62 g/t Au over 3.95 m at FDN East

Canada NewsWire VANCOUVER, BC , July 27, 2026 /CNW/ -- Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report strong results from its ongoing conversion and near‑mine exploration drilling programs at the Fruta del Norte ("FDN") gold mine in southeast Ecuador. PDF Version The drilling programs continue to deliver positive results at FDN, FDN South ("FDNS"), and FDN East. With four gold-silver epithermal deposits identified to date, the Company has a significant pipeline to continue growing Mineral Resources and Mineral Reserves.

Highlights FDNS exploration: High-grade intercepts at depth continue to extend mineralization beyond the current Mineral Resource envelope, highlighting the potential for further resource growth. FDNS conversion: Conversion drilling demonstrates continuity and grade in support of potential resource and reserve growth. FDNS development: Development is advancing through the deposit, with development crosscuts successfully intersecting modelled mineralization and providing initial development ore.

FDN East : The highest-grade interval ever recorded at FDN East, together with continued success expanding high-grade mineralization to the east, reinforces confidence in the deposit's growth and conversion potential. Underground development toward FDN East is underway to accelerate drilling and support potential future production. FDN: Results extend the upper portion of the main FDN mineralized envelope close to existing underground infrastructure, highlighting additional near-mine resource growth opportunities.

Jamie Beck, President and CEO, commented , "Our conversion and exploration programs continue to deliver exceptional results across our known epithermal gold deposits. Recent drilling