1. Lundin Gold reports 241,407,050 shares outstanding as of November 28, 2025. 2. Shareholders must calculate interest changes under Swedish Financial Instruments Trading Act. 3. Company focuses on operational excellence and responsibility at Fruta del Norte mine. 4. Lundin Gold aims for sustainable growth through exploration of its land package.
The exercise of stock options is routine and generally does not affect stock value significantly. Historically, such increases in shares have little direct impact unless coupled with performance issues or growth announcements.
The update is procedural but indicates ongoing active management; however, it lacks new information that would spur investor activity.
The immediate effect of the announcement is limited to share count adjustment, not long-term impacts on operations or profitability.
VANCOUVER, BC, Nov. 28, 2025 /CNW/ - Lundin Gold Inc. (TSX:LUG) (Nasdaq Stockholm: LUG) (OTCQX:LUGDF) ("Lundin Gold" or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act. PDF Version
As a result of the exercise of stock options under Lundin Gold's equity compensation plan during the month of November, the Company now has 241,407,050 common shares issued and outstanding with voting rights as at November 28, 2025.
This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Swedish Financial Instruments Trading Act on disclosure of major shareholdings (Transparency Rules).
About Lundin Gold
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.
The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders.
Additional Information
The information in this release is subject to the disclosure requirements of Lundin Gold under the Swedish Financial Instruments Trading Act. This information was publicly communicated on November 28, 2025 at 2:00 p.m. Pacific Time through the contact persons set out below.
SOURCE Lundin Gold Inc.
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