The shareholders in Lappland Goldminers AB (publ) held the Annual General Meeting on Thursday the 28th of May 2009 in Lycksele, Sweden. This is a summary of the most important decisions made by the Annual General Meeting. Annual Report The annual report and the auditor's report as well as the consolidated annual report and the auditor's group report were presented. The income statement and the balance sheet for both the parent company and the consolidated group were accepted by the Meeting. Discharge from liability The Meeting discharged the members of the Board and the President from liability for the fiscal year 2008. Fees The fees to be paid to the Board of Directors were set by the Meeting at a total of SEK 650,000 to be divided with SEK150,000 to the chairman and SEK 100,000. It was resolved that the fees to the accountants would be paid in accordance with reasonable and by the company approved invoices. Board of Directors The Meeting decided to re-elect Ulf Ericsson, Tomas Björklund, Tony Harwood, Svante Lundbrink, Pia Gideon, Lars-Olof Nilsson and Karl-Åke Johansson. Ulf Ericsson was re-appointed as Chairman of the Board. Nomination Committee The Meeting resolved to establish a Nomination Committee for the next Annual General Meeting. The three largest shareholders in the company will appoint one representative each, who together with the Chairman of the Board shall comprise the Nomination Committee. The composition of the Nomination Committee shall be communicated six months at the latest before the Annual General Meeting in 2010. Guidelines for remuneration of the senior management The Meeting approved the guidelines proposed by the Board regarding remuneration to the CEO and other leading officials in the senior management. Authorization to decide on new issues The Meeting resolved to authorize the Board for the period until the next Annual General Meeting, at one or more occasions, to decide on new issues of shares, convertibles and/or warrants encompassing a share capital increase of up to SEK 154,000 corresponding to up to 7,700,000 new shares. Conditional amendment of the articles of association The Meeting decided, as proposed by the board, to adjust the articles of association as regards notices of general meetings to new regulations expected to come into force before the AGM 2010. The adjustment is however conditioned by such legislation taking effect. According to the new rules, notice of general meeting can be advertised in Post och Inrikes Tidningar and on the company's web site. Presentation by CEO The CEO of Lappland Goldminers AB, Kjell Larsson, commented on the development during the fiscal year of 2008 and including the Q1 report, 2009. For additional information: Kjell Larsson, CEO Ulf Ericsson, Chairman of the Board Tel. +46 950-275 06, + 46 70-385 03 Ph: +46 70-529 09 59 57 kjell.larsson@lgold.se ulf.ericsson@lgold.se Also visit: www.lapplandgoldminers.com About Mangold Fondkommission: www.mangold.se Lappland Goldminers AB is an exploration company with producing mines. The Company is listed on the market place "First North Premier" under the name GOLD, with Mangold Fondkommission AB as Certified Adviser, as well as on the Norwegian OTC list. Lappland Goldminers strategy is to develop into a profitable, producing gold company, with centrally located processing plants in gold regions. The company is strategically positioned with the Blaiken Gold Operation and the fully permitted Fäboliden Gold Project on the Västerbotten Gold Line in Sweden, with the Pahtavaara Gold Operation in the north of Finland and with its gold projects in the Haveri area in south of Finland. The processing plants will be supported by ore from one or several mines either through the Company's own exploration or through acquisitions. Lappland Goldminers is a member of SveMin, the Swedish association for mines, minerals and metal producers, and follows SveMin's reporting rules for public mining and exploration companies.
Lappland Goldminers AB (publ) AGM May 28, 2009
| Source: Lappland Goldminers AB