Lappland Goldminers has found a gold mineralized zone with a grade of 11 g Au/ton over 6 metres during drilling at Gubbträsk

Lappland Goldminers AB (publ), listed on First North and the OTC list
of the Oslo Exchange, has since 2004 carried out several exploration
programs in the area of Gubbträsk. Comprehensive and systematic work
has been carried out, such as bedrock chip and bottom till sampling,
geophysical surveys, trenching and core drilling.

Lappland Goldminers is, since 2004, carrying out exploration work for
gold and base metals in the area of Gubbträsk, on the Gold Line in
the municipality of Storuman. Since June 2007 a core drilling program
of 39 core drill holes totalling 4,103 m has been carried out. The
drilling program was completed in March this year, and partial
results for gold can now be published. Complete results for gold,
zinc, lead and silver can be reported once analyses and structural
interpretations have been completed. Altogether 68 drill holes
totalling 8,797 m have been completed on the mineralizations in the
area. So far the interpretation is that there are two parallel zones
within a 1.7 m long and 500 m wide mineralized area in Central
Gubbträsk, and a zone 500 m south-west of this area. It is within
this area, where the above-mentioned zone, with a width of 6 m and a
grade of 11 g Au/ton (of which 2 m with 31 g Au/ton) was encountered,
around 100 m south-west of the drilling completed in 2006. The
results from the analysis, obtained so far from the drilling 2007 and
2008, have been published on Lappland Goldminers web page.

-This is yet another important and exciting exploration result for
Lappland Goldminers, and the Company intends to resume drilling in
the Gubbträsk area shortly, says Lappland Goldminers CEO Karl-Åke
Johansson.

Gubbträsk is located around 25 km east of Storuman and around 65 km
NNW of Fäboliden, where the Company plans on building a central
processing plant for the ores from the Gold Line.

 The technical information of this press release has been reviewed by
Leif Carlson, QP and Director of the Board in Lappland Goldminers AB.

For additional information on our exploration methods, about this
project, or about the Company, please refer to our website.


For additional information:
Karl-Åke Johansson, CEO                 Tomas Björklund, Board Member
Ph. +46 950 275 01, +46 70 625 22 57    Ph. +46 70 662 35 35
karl-ake.johansson@lgold.se             tomas.bjorklund@lgold.se

Also please refer to:
www.lapplandgoldminers.com
About Mangold Fondkommission:
www.mangold.se


Lappland Goldminers AB is an exploration company with the goal of
becoming a producing mining company. The company is listed on the
market place "First North" under the name GOLD, with Mangold
Fondkommission AB as Certified Adviser, as well as the OTC list of
the Oslo exchange. Lappland Goldminers has secured a number of gold
deposits along the so-called Guldlinjen ("The Gold Line") in
Västerbotten. The Company's strategy is to develop a profitable,
producing gold company with a centrally located processing plant in
Fäboliden, Sweden, and in the Haveri area in Finland, which is
supported by ore from one or several mines either through the
Company's own exploration or alternatively through acquisitions. The
company is a member of SveMin, the trade association for mines,
minerals and metal producers in Sweden (formerly called the Swedish
Mining Association) and follows SveMin's reporting rules for public
mining and exploration companies.