Lappland Goldminers expands its organization in preparation for the development of the gold mine and processing plant at Fäboliden outside Lycksele. Peter Törnkvist was recently hired as Project Manager for the development project and Risto Virkkunen will start as Chief Geologist on October 1. Peter has extensive experience from large construction projects. He has, among other things, been the Project Manager for the Bothnia Line, Rail Line for Banverket, Swedish Rail Administration. Risto has served as Chief Geologist at the LKAB mine in Malmberget. - By adding these two personnel we further strengthen the competence resource in the company, says the CEO of Lappland Goldminers, Karl-Åke Johansson. With Peter, we are setting ourselves up for expansion. Risto also strengthens our activities in Finland, by not only having an extensive experience as Chief Geologist of LKAB, but also having been trained in Finland and speaking Finnish fluently. In October the Environmental Court will process the application, as required per the Environmental Protection Law, for mining in Fäboliden. A positive decision by the Court means that gold production will start in 2009. The Company has 14 employees. Counting consultants and sub-contractors, Lappland Goldminers engages around 40 full time personnel. About Fäboliden Fäboliden, the Company's "flagship" and largest deposit, is located on the Gold Line in the municipality of Lycksele. The company will establish a central concentrating plant in this location, for the purpose of extracting gold and silver, with an annual capacity of 5 million tons of ore. The facility is built to concentrate ores from the Gold Line, and the end product is doré bars to be sold. About the Company Lappland Goldminers AB is an exploration company with the goal of becoming a producing mining company, striving for environmentally friendly, "green", solutions. The company is listed on the market place "First North" under the name GOLD, with Mangold Fondkommision AB as the Certified Advisor, as well as the OTC list of the Oslo exchange. Lappland Goldminers has secured a number of gold deposits along the so-called Guldlinjen ("The Gold Line") in Västerbotten. The Company's strategy is to develop a profitable, producing gold company with a centrally located processing plant in Fäboliden, Sweden, and in the Haveri area in Finland, which is supported by ore from one or several mines either through the Company's own exploration or alternatively through acquisitions. The company is a member of SveMin, the trade association for mines, minerals and metal producers in Sweden (formerly called the Swedish Mining Association) and follows SveMin's reporting rules for public mining and exploration companies. For additional information about Lappland Goldminers, please contact: Karl-Åke Johansson, CEO Tomas Björklund, Board Member Ph. 0950-275 01, 070-625 22 57 Ph. 070-662 35 35 karl-ake.johansson@lgold.se tomas.bjorklund@lgold.se Or see Lappland Goldminers' web site at: www.lapplandgoldminers.com Regarding Mangold Mutual Fund: www.mangold.se
Lappland Goldminers strengthens the organization
| Source: Lappland Goldminers AB