Lappland Goldminers AB raises SEK 51.8 million through a directed new share issue.

Lappland Goldminers AB (publ) completes a directed new share issue of
7,400 000 shares at a issue price of SEK 7 per share. Through the new
share issue, the company raises SEK 51.8 million before issue costs.
The new share issue was primarily directed to a number of
institutional investors in Sweden and abroad.

The share price in Lappland Goldminers is very volatile and during
the last three months the share has traded below SEK 4 as well as
above SEK 10. On February 4, 2009, after two days of significant
share price increase, the share closed at SEK 9.80. The average share
price during 2009 is SEK 7.30. When determining the issue price the
company's financial situation, the current market conditions, the
price elasticity of qualified investors and previous trading in the
share have been taken into consideration.
The company plans to, as soon as possible, carry out a new issue. The
company's other shareholders will be offered to, for every tenth
share, subscribe for one new share in Lappland Goldminers at SEK 7
per share. Other terms and timetable for the rights issue will be
made public at a later stage."We complete the directed new share issue to enhance the company's
capital base. Following the issue, the operations at the mines in
Pahtavaara and Blaiken are fully financed until the mines generate
positive cash flow" says Kjell Larsson, CEO of Lappland Goldminers.

The Board of Directors has resolved on the directed new share issue
in accordance with the authorisation from the Annual General Meeting
held on May 30, 2008. Through the directed new share issue, the
number of shares in the company increases by 7,400,000 to a total of
70,401,961, of which the newly issued shares account for 10.5 per
cent of total number of shares. The share capital is increased by SEK
148,000 through the directed new share issue.

Carnegie is financial advisor to Lappland Goldminers.

For additional information:

Kjell Larsson, CEO                Tomas Björklund, member of the
                                  Board
Ph. +46 950-275 06+46 70-385 03   ph. +46 70-662 35 35
57
kjell.larsson@lgold.se            tomas.bjorklund@lgold.se




Also visit: www.lapplandgoldminers.com
About Mangold Fondkommission:  www.mangold.se

Lappland Goldminers AB is an exploration company and a producing
mining company. The company is listed on the market place "First
North" under the name GOLD, with Mangold Fondkommission AB as the
Certified Adviser, as well as on the Norwegian OTC list. 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 centrally
located processing plants in Fäboliden and Blaiken, Sweden, and in
the Haveri area in southern Finland and Pahtavaara in Northern
Finland, supported by ore from one or several mines either through
the Company's own exploration or alternatively through acquisitions.
Lappland Goldminers 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.