Lappland Goldminers AB: Interim report January - September 2007

Third quarter
2007

  * Deep drilling in the Fäboliden gold deposit indicated that the
    gold zone continues underneath the entire open-pit position, down
    to a depth of at least 550 m.
  * Analysis of one boulder encountered during excavations in
    Gubbträsk, showed grades of over 30 % lead and 283 g/t silver.
  * The Company has strengthened the organization by hiring a Project
    Manager for Fäboliden, and a Chief Geologist responsible for the
    Swedish and Finnish operations.
  * The Company announces listing on the Olso exchange. The first day
    of listing to take place in the beginning of next year.


Events occurring after the end of the fiscal period

  * On October 19 the Company announced increased gold resources in
    Fäboliden, amounting to 67 tonnes of gold, equivalent to 2.2
    million tr oz.
  * Proceedings at the Environmental Court to open a new mine with a
    processing plant at Lappland Goldminers' flagship, Fäboliden,
    were completed on October 25, after 5 days of negotiations. The
    Environmental Court will announce its verdict on December 21.
  * In the end of October a group of Australian experts began the
    work on creating a 3D model of the Haveri gold project based on
    existing data.
  * On November 15 the Company made a conditional agreement to
    acquire the shares of Blaikengruvan AB and ScanMining OY from
    ScanMining AB. The conditions have not been met and a binding
    agreement has thus not been established.


P/L of fiscal period
The most important task for an exploration company that is focused on
becoming a producer, is to transform funds raised through financing
into increased mineral reserves and mineral resources, and to develop
the projects technically and economically. During the fiscal period
the Company has continued its explorations on a large scale on
several projects. The Company capitalizes expenses on mature project,
and due to this the P/L reported depends both on the total
expenditures and also on the relative distribution between mature and
early projects.

Profit/Loss for the third quarter is -3.1 (-5.7) mkr, and for the
entire fiscal period -9.0 (-18.1) mkr.

Financing
A directed new stock issue has injected a capital of SEK 100 million,
before costs of issue, into the company.

Share capital
Lappland Goldminers' registered share capital at the end of the
fiscal period amounted to SEK 1,208,027.22 divided among
60,401,361 shares with a quota value of 0.02 kr. The accounts in this
report are based on this number of shares.

Lappland Goldminers has issued 1,333 000 stock options as per a
decision made at the general meeting on May 30, 2007 but has not
issued any convertible debt instrument.

Personnel/consultants
The Company has 14 employees. In addition to this, the company
engages consultants and contractors for various projects on a
continuous basis. Altogether the Company engages the equivalent of 40
full time employees.

Reporting dates

  * Notice of year-end statements was issued on  February 28, 2007
  * Interim report for January - March was delivered on May 31, 2007.
  * Interim report for the period January- June 2007 will be issued
    on November 30, 2007.
  * Notice of year-end statements will be issued on February 2008 at
    the latest.

Lappland Goldminers AB  is an  exploration company with  the goal  of
becoming a producing  mining company.  The Company is  listed on  the
market  place  "First  North"  under  the  name  GOLD,  with  Mangold
Fondkommision AB as the Certified Advisor, as well at 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 mining company with
centrally located processing plants in Fäboliden in Sweden and in the
Haveri area in Finland, which are supplied with ore from one or
several mines 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.

      Leif Carlson and Karl-Åke Johansson, who are registered as"Qualified Persons" by SveMin, have compiled the technical aspects of
                             this report

                     Lycksele November 30, 2007


                         Karl-Åke Johansson
                                 CEO

For additional information please refer to our webpage:
www.lapplandgoldminers.com

or contact

Karl-Åke Johansson,
CEO
Tomas Björklund, Director
karl-ake.johansson@lgold.se
tomas.bjorklund@lgold.se
Ph. +46 950 275 01, +46 70 625 22
57                                                  Ph. +46 70 662 35
35


The full report including tables can be downloaded from the following
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