The convertibles of Lappland Goldminers AB begin trading on Nasdaq OMX First North today, 24 May, 2010.

The  required registration  procedures have  now been  finalized and  the issued
convertibles  (convertible bond  loans) will  today start  trading on Nasdaq OMX
First  North. The convertibles will  trade under the short  name GOLD KV1 with a
trading block of SEK 11 per convertible.

Conversion  of convertibles to new  shares in the company  may take place during
the  periods 1 - 15 January, 1 - 15 May and 1 - 15 September each year beginning
1 January 2011 and ending 15 September 2013.

The  convertibles will run from 3rd of May 2010 with an annual interest based on
STIBOR  90 days plus six (6)  percentage points with a  maximum interest rate of
ten  (10) percent during each interest  period. Interest will fall due quarterly
in arrears with first payment 30th of June 2010.


For further information:

Kjell Larsson, CEO
Tel: +46 (0)950-27506 or +46 (0)70-385 03 57
E-mail:kjell.larsson@lgold.se <mailto:kjell.larsson@lgold.se>

Anders Haker, CFO
Tel +46 (0)70-810 85 59
E-mail:anders.haker@lgold.se <mailto:anders.haker@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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