Lund Gold Ltd. and Noront Resources Ltd.: Drilling Planned on Lund Property, Ontario

Lund Gold Ltd. (TSX VENTURE:LGD) ("Lund") and Noront Resources Ltd. (TSX
VENTURE:NOT) ("Noront") are pleased to release the following project update on
their Lund property in the "Ring of Fire" area of the James Bay Lowlands,
Ontario.


Recent Vtem airborne surveys have been completed over the Lund-Noront project
area, known as the Lund Property. Noront reports that two Vtem airborne
geophysical anomalies are being scheduled for immediate follow up by Noront. The
anomalies occur in an area of low magnetic amplitude, one of which is associated
with a weak magnetic axis. Ground geophysical surveys, (magnetic and VLF)
followed by diamond drilling are planned before freeze-up.


The Lund property consists of 13 claims that total 169 units. For terms of the
agreement please refer to Lund news release dated February 4, 2008. Upon Lund
satisfying the terms of the agreement to earn 50%, a joint venture will be
formed with Noront acting as the Operator.


To find out more about Lund Gold Ltd., please visit www.lundgold.com. To find
out more about Noront Resources Ltd., please visit www.norontresources.com.


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

Chet Idziszek, President

On Behalf of the Board of Directors of NORONT RESOURCES LTD.

Richard Nemis, President and CEO

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 results and 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.