Lund Commences Black Fox Exploration

Lund Gold Ltd. (TSX VENTURE:LGD) ("Lund") is pleased to announce the
commencement of gold exploration on the Black Fox property in northwestern
Ontario. The first phase program is comprised of detailed geological and
geochemical sampling, prospecting, trenching and geophysics followed by diamond
drilling.


The Black Fox property is located approximately 225 kilometres east of Thunder
Bay and approximately 70 kilometres west of the Hemlo Gold deposit. The Trans
Canada Highway (Highway 17) and the national railway cross the southern portion
of the property and provide excellent access to the property. High tension power
transmission lines cross the property's north boundary.


The property lies within the Schreiber-Hemlo Greenstone Belt which is host to
the 25 million ounce Hemlo Gold deposit. The world-class Hemlo deposit was the
major gold discovery in Canada during the 1980's, and was for numerous years
responsible for almost one third of Ontario's annual gold production.


The Black Fox property contains extensive alteration zones characterized by
intense quartz/sericite/pyrite and quartz/fuchsite/pyrite schists associated
with shearing which is parallel and sub-parallel to regional structures, and
locally associated with gold mineralization and significant high grade gold
float samples.


Despite its easily accessible location, only sporadic gold exploration has taken
place since the 1890's. Prospector interest resurfaced after Operation Treasure
Hunt in 2000 when the Ontario Ministry of Northern Development and Mines
("MNDM") performed regional airborne geophysical surveys over the region. This
work led to the discovery by prospectors of gold showings with associated
alteration zones along a greater than 2-kilometre south west regional trend
crossing the Black Fox property. Of particular note is the discovery of high
grade gold float located along this trend, near the centre of the Black Fox
property, where sampling and assaying by the Ontario MNDM office in Thunder Bay
returned consistent results ranging from 165 to 189 g/t gold. The hydrothermally
altered float samples (silica, sericite and iron carbonate with pyrite)
consisted of fragile angular blocks that are assumed proximal to their source
location.


Garry Clark, P.Geo, Qualified Person as defined by NI 43-101, has reviewed and
approved this press release.


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.