Lappland Goldminers’ application for an extended restructuring period is approved

| Source: Lappland Goldminers AB
Lappland Goldminers AB announces that the company’s application for an
additional extension of the pending restructuring process was approved by the
Lycksele District Court, Sweden, on the 10th of January 2014.
The approval includes an additional three months period ending on the 24th of
March 2014. The approval also covers the wholly owned subsidiary Lappland
Goldminers Fäboliden AB.

At present the company is focusing on the preparation of a final proposal to
successfully exit from the ongoing restructuring process for both the parent
company and the subsidiary and simultaneously secure a long-term survival and
economic growth.

A press release regarding the Board's proposal is expected to be communicated by
mid-February 2014.

For additional info:

Sven Rasmusson, chairman of the Board                            Thomas
Häggkvist, acting VD/CFO

Tel. +46 70-605 83 15
Tel. +46 70-552 26 22

Also visit:

Lappland Goldminers AB is a producing mining company. The Company is listed on
the market place First North Premier in Sweden under the name GOLD.

Lappland Goldminers’ strategy is to develop mineral deposits into producing
mines. The Company is strategically positioned with the fully permitted
Fäboliden gold project in northern Sweden. The Pahtavaara gold operation is
located in the north of Finland. 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.