Drilling to Begin on Lund Property, Ontario

Lund Gold Ltd. (TSX VENTURE:LGD) ("Lund") is pleased to report that drilling
will commence in the next couple of days on the McFauld's Lake "Ring of Fire"
property under option from Noront Resources Ltd.


The summary report by James Mungall PhD, PGeo of Noront Resources Ltd. states:
"Airborne and ground geophysical surveys have been completed on the Noront/Lund
Gold option to joint venture property in the James Bay Lowlands of Ontario.
Based on the geophysical interpretations two drill targets have been selected.
Both targets are moderately conductive bodies with short strike length, on the
order of 100 metres, and both are associated with mildly magnetic lineaments.
The geological interpretation is that these conductors represent exhalative
chemical sediments, either iron formation or VMS mineralization, occurring as
rafts surrounded by felsic to intermediate intrusive rocks. The drill program is
ready to execute upon mobilization of a drill into the area.


In the spring and summer of 2008 Geotech performed a VTEM survey over the claim
group. VT 1 is a two-line conductor with a calculated conductance of 16.9 S at
its south end. It is collinear with a weak positive magnetic lineament striking
approximately 330 degrees. The profiles are too low and irregular in form to
indicate shape or depth to the top of the conductor. The high early time
responses were interpreted to indicate the presence of thick overburden. VT 2 is
another two-line conductor but has a lower calculated conductance of about 6S on
both lines and interpreted as being either very small or very deep, perhaps as
deep as 200m.


Ground magnetometer surveys were performed without grids on both the VT 1 and VT
2 targets. Both of the conductors can be seen to be related to weak magnetic
lineaments. These targets show potential to host VMS-type mineralization of the
type exemplified by WSR's 501 deposit and Canadian Orebodies' Caribou deposit.
The proposed 800m drill budget will be sufficient to establish whether or not
either of these targets is a VMS deposit. A single preliminary hole of 200 or
250 depth has been proposed on each of the two targets, leaving 350 m of
discretionary drilling in the budget to follow up either or both of these
targets pending initial success. If there are positive indications of VMS
potential after the 800 m drill program has been completed then a fourth phase
of exploration should be planned, focusing on follow-up diamond drilling of the
targets."


To find out more about Lund Gold Ltd. (TSX VENTURE:LGD), visit our website at
www.lundgold.com.


On behalf of the Board of Directors of LUND GOLD LTD.

Chet Idziszek, President

Cautionary Statement

This document contains "forward-looking statements" within the meaning of
applicable Canadian securities regulations. All statements other than statements
of historical fact herein, including, without limitation, statements regarding
exploration plans and our other future plans and objectives, are forward-looking
statements that involve various risks and uncertainties. Such forward-looking
statements include, without limitation, estimates of exploration investment and
the scope of exploration programs. There can be no assurance that such
statements will prove to be accurate, and future events and actual results could
differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from our expectations are
disclosed in the Company's documents filed from time to time via SEDAR with the
Canadian regulatory agencies to whose policies we are bound. Forward-looking
statements are based on the estimates and opinions of management on the date the
statements are made, and we do not undertake any obligation to update
forward-looking statements should conditions or our estimates or opinions
change. Forward-looking statements are subject to risks, uncertainties and other
factors, including risks associated with mineral exploration, price volatility
in the mineral commodities we seek, and operational and political risks. Readers
are advised not to place undue reliance on forward-looking statements.