Lund Gold Ltd.: Fall Don-Don Drilling Program Completed

  Lund Gold Ltd. ("Lund") (TSX VENTURE: LGD) is pleased to report that the fall core drilling program on the Don-Don property, located in north-central B.C., has been completed. Four holes were drilled by contractor Falcon Drilling of Prince George BC ("Falcon") on behalf of Lund, totaling 683 meters. The drilling tested two coincident IP and magnetic geophysical anomalies located on the northern portion of the Don-Don claims, adjacent to Amarc Resources Pinchi project.

Geophysical contractor, Peter Walcott & Assoc., completed 24 line km of IP and magnetic geophysical surveys. These were performed on two separate strong airborne geophysical anomalies. The ground geophysics outlined three northwest trending sub parallel zones of anomalous chargeability/ resistivity and magnetic response. Two of these anomalies were chosen to be drill tested.

Falcon commenced drilling mid November. The central geophysical anomaly, which had the highest IP chargeability / resistivity results, was chosen for the first drill hole. Drilling intersected sheared, strongly quartz-carbonate veined graphitic argillite containing minor interbedded pyritic tuffaceous intervals. The lithologies and pyrite intersected in drilling appears to explain the source of the geophysical results while the amount of quartz-carbonate veining is positive.

The remaining three holes tested the eastern zone of anomalous IP chargeability and magnetic response at two different grid locations 400 metres apart. These drill holes intersected weak to moderately propylitic (epidote-chlorite-carbonate) altered and strongly quartz-carbonate veined mafic volcanics believed to be part of the prospective Triassic-Jurassic Takla volcanics sequence. Encouraging potassic alteration is accompanied locally by pyrite and magnetite. The geophysical results appear to be somewhat explained by the increased amounts of sulphides and the stronger alteration encountered.

Altered and mineralized drill core samples are being split and sent to ISO/certified TSL Laboratories of Saskatoon, Saskatchewan, for gold, copper and multi element ICP analysis. Analytical results are pending.

Fieldwork was carried out under the supervision of Gerald McArthur, P. Geo., a "qualified person" for the purposes of National Instrument 43-101, who has verified the data disclosed in this news 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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Lund Gold Ltd. David Scott Investor Relations [phone] or Toll-free [phone] [phone] (FAX) [e-mail] www.lundgold.com