Announcement from Lappland Goldminers AB's (publ) Annual General Meeting on 19th of May 2010

The shareholders of Lappland Goldminers AB (publ) have on May 19, 2010, held the
Annual General Meeting in Stockholm. The following is a summary of the most
important decisions taken at the meeting.

Annual report
The annual report and the auditor's report as well as the consolidated annual
report and the auditor's group report were presented. The income statement and
the balance sheet for both the parent company and the consolidated group were
accepted by the Meeting.

Discharge from liability
The Meeting discharged the members of the Board and the managing director from
liability.

Fees
The fees to the Board of Directors were set by the Meeting at a total of SEK
950,000, with SEK 250,000 to the chairman and SEK 175,000 to each of the other
members of the Board. It was decided that the fees to the auditors would be paid
in accordance with invoice.

Board of Directors
The Meeting decided to re-elect Ulf Ericsson, Pia Gideon and Lars Olof Nilsson
and to elect Peter Edwall and Lars-Göran Olsson as new Board members. Ulf
Ericsson was re-elected as chairman of the Board.

Nomination Committee
The Meeting decided to establish a Nomination Committee for the next AGM in the
same manner as previous year, thereby asking the three largest shareholders in
the company to appoint one representative each, who together with the Chairman
of the Board will comprise the Nomination Committee. The composition of the
Nomination Committee shall be communicated six months at the latest before the
Annual General Meeting in 2011.

Guidelines for remuneration of the senior management
The Meeting approved the guidelines proposed by the Board regarding remuneration
to the President and other leading officials in the senior management.

Authorization to decide on new issues
The Meeting resolved to authorize the Board for the period until the next Annual
General Meeting, at one or more occasions, with or without preferential rights
for the shareholders to decide on new issues of shares, convertibles and/or
warrants encompassing a share capital increase of up to SEK 166,000
corresponding to up to 8,300,000 new shares.

Conditional amendment of the Articles of Association
The Meeting decided, as proposed by the Board, to adjust the Articles of
Association as regards notices of general meetings to new regulations expected
to come into force before the AGM 2011.

Presentation by the Managing Director
The Managing Director, Mr. Kjell Larsson, informed the shareholders of the
developments during 2009 and the first quarter 2010.

Lappland Goldminers AB (publ)


For further information:

Kjell Larsson, MD
Tel. + 46 950-27506 or +46 70-385 03 57
E-mail: kjell.larsson@lgold.se <mailto:kjell.larsson@lgold.se>

Ulf Ericsson, Chairman of the Board
Tel. +46 70-529 09 59
E-mail: ulf.ericsson@lgold.se <mailto:ulf.ericsson@lgold.se>

Also visit: www.lapplandgoldminers.com
About Mangold Fondkommission:  www.mangold.se <http://www.mangold.se/>

Lappland Goldminers AB is a producing mining company with significant
exploration activities. The Company is listed on the market place First North
Premier under the name GOLD, with Mangold Fondkommission AB as Certified
Adviser, as well as on the Norwegian OTC list. Lappland Goldminers' strategy is
to develop mineral deposits into profitable producing mines. The Company is
strategically positioned with the the fully permitted Fäboliden gold project and
the Ersmarksberget deposit and processing plant in northern Sweden. The
Pahtavaara gold operation is located in the north of Finland and the Haveri gold
deposit in the south of Finland. Lappland Goldminers is a member of SveMin, the
Swedish association for mines, minerals and metal producers, and follows
SveMin's reporting rules for public mining and exploration companies.



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