Lappland Goldminers AB: The Ersmarksberget Gold mine in Blaiken will start.

Lappland Goldminers AB (publ), listed on First North and the
Norwegian OTC list, has, after a period of financing work, succeeded
in finding a solution which means that SEK 30 million is injected in
the form of a loan and public funds. Half of the money has been
borrowed from share holders, and the other half is in the form of
public funding.

       -We are very pleased with the help we have received from the
municipalities. The financial solution means that Lappland Goldminers
during 2009 will be a profitable company, and it also means that
150-200 people in the region will be employed" says company CEO
Karl-Åke Johansson.

- We have been working with reviewing all information pertaining to
the processing plant and the Ersmarksberget gold mineralization since
we acquired these assets in the month of August, and we have for some
time been ready to start production at the mine, says Lappland
Goldminers CEO Karl-Åke Johansson. The financing, in the form of
operating capital for the start-up expenses, became unexpectedly
difficult due to the fact that banks basically have closed the door
on new lending because of the current financial crisis. The solution
we have now arrived at together with the municipalities of Lycksele,
Sorsele and Storuman means that public funding is used to help with
around half of the needed financing and the other half comes from
share holders.

Production during 2009 from the Ersmarksberget gold mine is estimated
to approx. 30,000 oz of gold, resulting  in a net profit of at  least
SEK 40  million. More  detailed information  about future  production
will be reported at a later time.

The  municipalities  of  Lycksele,  Sorsele  and  Storuman  had   the
following comments:

- Blaikenverket will be started and will result in a positive  effect
in the region.  Around 50  people will immediately  be employed,  and
possibly, as a ripple effect, another 150 could gain employment.

The Municipal Commissioners  of Lycksele,  Lilly Bäcklund,  Storuman,
Gunilla Lundgren, and Sorsele, Roland Wermelin are convinced that the
start-up of  production in  Blaikenverket  will be  financed  through
public funding.  They  are with  confidence  looking forward  to  the
positive solution  and effect  that Blaikenverket  will have  in  the
region.

The Company acquired the operations  at Ersmarksberget in Blaiken  in
August  2008  from  the  bankruptcy  estate  of  Scanmining  AB   and
Blaikengruvan AB including  the deposit  and surrounding  exploration
permits. The deposit is located along the Gold Line in Lappland.  The
area around  the  Blaiken processing  plant  is looked  upon  by  the
Company as highly interesting  for finding additional gold  deposits,
with a potential for starting new mines where the ore is  transported
to and processed in the processing plant.


For additional information:

Karl-Åke Johansson, CEO                 Tomas Björklund, Board Member
Ph. +46 950-275 01, +46 70-625 22       Ph. +4670-662 35 35
57
karl-ake.johansson@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.