Lund Gold Ltd.: Blackfox Property Update

Lund Gold Ltd. (TSX VENTURE:LGD) ("Lund") is pleased to report that the Phase 1
Exploration at the Blackfox Property in Northern Ontario is complete. The
Property is located approx. 225km east of Thunder Bay and approx. 70km west of
the Hemlo Gold Deposit. The Property lies within an extension of the
Schreiber-Hemlo Greenstone Belt which is host to the 25 million ounce Hemlo Gold
Deposit.


The Phase 1 Exploration comprised detailed geological and geochemical sampling
and mapping, prospecting, line-cutting and detailed ground magnetic surveying.
In total, 2116 soil and 320 rock samples were collected and 52 line kilometres
of ground magnetics were completed.


Initial gold results from the Phase 1 reconnaissance sampling program show that
gold in soil anomalies (up to 1260 ppb Au) exist within the Property and six
areas warrant follow-up exploration. As well, at least two anomalous areas have
coincident magnetic features based on the ground geophysical survey. Rock
samples collected at the Property contain up to 2 g/t Au from the Fire Mountain
Showing/area. There is minimal outcrop exposed throughout the Property. The
discovery of high grade gold float near the centre of the Blackfox Property,
sampled and assayed 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.


Samples were analyzed at TSL Laboratories, Saskatoon, Saskatchewan. The samples
were analyzed for gold and multi-element geochemistry. TSL is ISO17025
certified.


A follow-up program is planned for early June 2009 to follow-up anomalous gold
in rocks and soil samples.


The 2008 exploration was completed under the direction of Mr. Dean Besserer,
P.Geol., APEX Geoscience Ltd., of Edmonton, Alberta, who is a qualified person
as defined in National Instrument 43-101.


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.