Notice of the extraordinary general meeting of Lappland Goldminers AB (publ) on 14th  April 2014

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| Source: Lappland Goldminers AB
Notice is hereby given of the extraordinary general meeting of Lappland
Goldminers AB (publ), 556544-3339, on Monday 14thof April 2014 at 1000 CET at
Spårvagnshallarna (Drotten) with address Birger Jarlsgatan 57A in Stockholm.
Right to participate in the meeting

Shareholders wishing to participate in the general meeting must:

-      be entered in their own name in the register of shareholders kept by
Euroclear Sweden AB as of Tuesday 8thof April 2014, and

-      have notified the company of their attendance no later than 1600 CET on
Tuesday 8thof April 2014 at the address Storgatan 36, 921 31 Lycksele, Sweden,
by telephone +46 950-275 00, by fax +46 950-275 29 or by e-mail to
erica.from@lgold.se. When notifying the company, please state your name,
personal identity or registration number, address and shareholding.

Shareholders whose shares are nominee-registered must request a temporary entry
in their own name in order to be entitled to participate and to vote at the
meeting. Shareholders must notify their nominees regarding this in good time
before Tuesday April 8th, 2014, at which date such registration must be effected
in order to be included in the transcript of the shareholders register from
Euroclear Sweden AB as per this day.

Representatives

The rights of the shareholder at the extraordinary general meeting may be
exercised by an authorised representative. The power of attorney must be dated
and signed by the shareholder. The validity period of the power of attorney may
be a maximum of five years, if explicitly stated. If no validity period is
specified the power of attorney is valid for a maximum of one year. The original
power of attorney should, to facilitate registration for the extraordinary
general meeting, be submitted to the company no later than on Wednesday 9 April
2014 at the address mentioned above. An example power of attorney is available
at the company and on the company’s website, www.lapplandgoldminers.se.
Representative for a legal entity must also present certificate of registration
or equivalent documents.

Proposed agenda

 1.
Opening of the meeting

 2.
Election of chairman for the meeting

 3.
Drafting and approval of voting list

 4.
Approval of the board’s proposed agenda

 5.
Election of person(s) to approve the minutes

 6.
Determination whether the meeting has been duly convened

 7.
a) Decision to adopt new articles of association

b) Decision on a set off issue directed towards the holders of the convertible
bond

 8.
Decision to authorise the Board to issue new shares

 9.
Decision regarding the company’s continued existence based on the prepared
balance sheet for liquidation purposes (“KBR I”)

10.
Other items

11.
Closing of the meeting.

Board’s proposals

Item 7.a) Decision to adopt new articles of association

As a result of the Board's proposal on the set off issue and authorization to
issue new shares under paragraph 7.b) and 8 below, the Board proposes that the
limits of the share capital shall be changed to a minimum of SEK 10,000,000 and
maximum SEK 40,000,000 and the number of shares to a minimum 25,000,000 and
maximum 100,000,000.

Item 7.b) Decision on a set off issue directed towards the holders of the
convertible bond

In accordance with what the company's informed in press release dated March 4th,
2014, the company has submitted request for composition proceedings to Lycksele
district court along with the composition proposal under which the company's
subordinated creditors are offered full payment up to an amount of a maximum SEK
6,000, and 30% the amount of the claim exceeding SEK 6,000. Composition
proceedings will take place on 1stof April 2014. The company's subordinated
creditors consist mainly of holders of the company’s outstanding convertible
bond 2010/2013 (Convertible). The implementation of the composition arrangement
is subject to that an extraordinary general meeting decides on an set off issue
directed to all convertible bondholders covered by the composition proposal
which is offered to set off the remaining convertible debt, after the
implementation of the composition arrangement, for new shares in the company at
a subscription price of SEK one (1) per share.

Against this background, the Board proposes that the extraordinary general
meeting decides on a share issue directed towards the holders of the Convertible
bond mainly on the following terms:

  · The new share issue will be of maximum SEK 35,251,581 shares comprising a
maximum increase in share capital of SEK 14.100.632:40 (based on par value of
SEK 0.40 per share).

  · Convertible bond holders who are registered as holders of the company's
Convertible bond in the register provided by Euroclear Sweden AB (Convertible
bond holders) and who have a residual claim (after the composition agreement)
shall have the right, with deviation from the existing shareholders´
preferential right, to subscribe for the new shares.

  · The number of shares that each Convertible bondholder shall have the right
to subscribe for is equal to the number of shares arising as a result of the set
off against the Convertible bondholder's remaining claim attributable to the
Convertible bond after the implementation of the composition agreement, plus
accrued interest up until June 24th, 2013 at a subscription price of SEK one (1)
per share.

  · Subscription and payment by set off shall be made during the subscription
period from April 30th–until May 14th, 2014, by using a subscription form
provided by the company. The Board has the right to extend the subscription and
payment period. Payment can only be made through set off towards the Convertible
bondholder’ remaining claim after the implementation of composition agreement.

  · The decision is subject to (i) that the upcoming meeting of creditors at
Lycksele district court approves the composition proposal, which requires
approval of a minimum of 75% of the number of creditors present and voting at
the creditors' meeting representing at least 75% of the total amount of the
outstanding claim and (ii) that the district court's approval of the composition
agreement comes in to legal force.

  · The nominal amount of the outstanding convertible bond is SEK 121,996,121,
including interest calculated up to and including June 24th, 2013 of about SEK
2,081,089, the outstanding debt corresponds to a total amount of SEK 124,077,210
before the composition agreement and SEK 35,251,581 after the implemented
composition.

As communicated in the company's press release dated February 17th2014, the
purpose of the composition proposal and the subsequent set off issue and planned
rights issue of up to SEK 42 million is to significantly improve the company's
financial position, while creating favourable conditions for long-term
production and value creation. The reasons for setting aside the preferential
rights of existing shareholders is in accordance with what is stated in the
above mentioned press release, i e that the offset issue is a necessary part of
a refinancing of the company. It is noted that upon full subscription of the set
off issue, there will be 35,251,581 new shares issued corresponding to a
dilution of approximately 83.4%.

Convertible bondholders, with a total claim of about SEK 95 million, before the
composition agreement, and about 28 million after the implementation of the
composition agreement have submitted signed commitments to the company,
confirming that they will support the composition proposal and also participate
in the following set off issue. As a result, at least 28 million new shares at a
subscription price of SEK 1 will be issued in the set off issue, corresponding
to a dilution of about 80%.

Item 8: Decision to authorise the Board to issue new shares

The Board proposes that the extraordinary general meeting decides to authorize
the Board, on one or several occasions before the next AGM, to issue new shares
with or without preferential rights for existing shareholders. Based on such an
authorization, the Board shall be entitled to issue the maximum number of shares
according to the limits stated in the articles of association of the company.
The Board shall have the right to issue shares that at any time fits within the
company's limits regarding the number of shares in the articles of association
and thereby increase the share capital by a maximum amount that at any time fits
within the company's limits of the share capital. Payment for subscribed shares
can, where appropriate, be made by set off.

As communicated in the company's press release dated February 17th, 2014 , the
main purpose of the authorization to the Board to decide on a fully or to the
greater part underwritten rights issue of up to SEK 42 million at a subscription
price of SEK 1 per share which, together with the composition agreement and the
set off issue under paragraph 7.b ) above shall substantially improve the
financial position of the company while creating favourable conditions for long
-term production and value creation.

Item 9: Decision regarding the company’s continued existence based on the
prepared balance sheet for liquidation purposes (“KBR I”)

Based on the impairments of the company's assets related to shares in
subsidiaries and receivables from subsidiaries, as part of the ongoing
restructuring process, communicated in the company's press release dated March
4th2014, the company's Board prepared a balance sheet for liquidation purposes
showing a negative equity amounting to about SEK -130 million. The company's
equity is thereby less than 50% of the share capital. The balance sheet has been
reviewed by the auditor. Based on that the composition agreement and above
refinancing proposals, partly to be decided at the upcoming extraordinary
general meeting, will re-establish the equity of the company, the Board proposes
that the extraordinary general meeting decides on continued operation.

Documents etc

The complete proposal from the Board according to items 7.a)-b), 8 and 9 above
along with documents required under the Swedish Companies Act will be available
at the company (see address above) and at the company’s home page
www.lapplandgoldminers.se from March the 24th 2014 at the latest. Copies of the
above documentation will be sent to those shareholders requesting it and giving
their postal address.

The shareholders are reminded of their right to request information in
accordance with Chapter 7 Section 32 of the Swedish Companies Act.

The number of outstanding shares and votes in the company at the time of this
notice amounts to 6,945,097.The company holds no own shares.

Lycksele 17th March 2014

Lappland Goldminers AB (publ)

Board of Directors

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.