LUNDIN GOLD REPORTS STRONG EXPLORATION RESULTS ACROSS PORTFOLIO OF TARGETS AND EXPANDS 2025 DRILLING PROGRAM TO 108,000 METRES

VANCOUVER, BC, May 7, 2025 /CNW/ - Lundin Gold Inc. (TSX:LUG.TO) (NasdaqStockholm:LUG) (OTCQX:LUGDF) ("Lundin Gold" or the "Company") is pleased to announce positive results from its conversion and near-mine exploration drilling programs at its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador.  High-grade intercepts from the conversion program at FDN South ("FDNS") have confirmed the deposit's continuity.  At FDN East, further high-grade results continue to underscore the target's growth potential.  At Trancaloma, results confirm the discovery of a copper-gold porphyry system at surface and highlight the potential for other porphyries near Trancaloma.  At Bonza Sur, drilling confirms the mineral envelope and indicates the potential for further extension.  Following the programs' successes in the first quarter and a growing pipeline of targets, the 2025 exploration program is being expanded from an initial 80,000 metres to a minimum of 108,000 metres.  Highlights from drilling programs at FDNS, FDN East, Trancaloma and Bonza Sur are outlined below, with detailed results provided in Appendix 1. View PDF