Lappland Goldminers AB - decision of a new share issue

The Board of Lappland Goldminers has on March 17, based on the
authorization from extra general meeting of February 25, decided to
make a rights issue.

The issue
The Board of Lappland Goldminers has decided to make a rights issue.
If full subscription the Company would have been provided with
approximately 49 MSEK, before issue costs. However shareholders
representing approximately 23.5 million shares in the Company have
orally pledged not to use their subscription rights in this issue, as
these shareholders have been subscribed new shares in the issue that
was concluded in February 2009.  These means that the Company will
get a maximum of more than 32 MSEK in the present issue before costs.
The prize for the new shares is the same as the recently concluded
issue, 7.00 SEK.

Summary of the offer

  * Time for subscription: April 27- May 12 2009.
  * Issue prize: 7.00 SEK per share.
  * Number of shares in this offer: The offer comprises 7 040 136
    shares*.
  * Payment: Settlement day, at the latest on May12 2009.
  * Number of shares before issue: 70 401 361 shares


* Shareholders representing approximately 23.5 million shares in the
Company has orally pledged not to use there their subscription rights
in these issue as these shareholders were subscribed shares in the
directed share issue concluded in February 2009.

Complete conditions and instructions will be presented in a
Prospectus as soon as possible and at the latest when the
subscription time is starting.


For additional information:

Ulf Ericsson, Chairman of the         Kjell Larsson, CEO
Board
Ph: +46 70-529 09 59                  Tel. +46 950-275 06, + 4670-385
                                      03 57
ulf.ericsson@lgold.se                 kjell.larsson@lgold.se



Or see Lappland Goldminers' website at: 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.