Lappland Goldminers AB: Annual General Meeting and Extraordinary General Meeting of Lappland Goldminers AB, Lycksele on May 30, 2008

The Income Statement and Balance Sheet, as well as treating the net
loss for the fiscal period according to the proposal of the Board of
Directors and as recommended by the company's Auditor, were adopted
at the Annual General Meeting. The members of the Board of Directors
and the Managing Director were also discharged from liability for
fiscal year 2007.

The ordinary members of the Board of Directors, Torsten Börjemalm,
Tomas Björklund, Leif Carlson, Ulf Ericsson and Tony Harwood were
re-elected, and Svante Lundbrink was elected as new board member.
Jan-Åke Uneé was
re-elected as an alternate Board member. Torsten Börjemalm was
re-elected as the Chairman of the Board.

Compensation to the Board of Directors in the amount of SEK 350,000
was approved. The Chairman shall receive SEK 100,000 and the other
members SEK 50,000 each.

Bruno Holmqvist were re-elected as auditor.
The Board of Directors was authorized to, on one or several occasions
before the next Annual General Meeting, issue a maximum of 10 million
new shares, and decide on a waiver of shareholders' rights of
priority.

The Extraordinary General Meeting resolved an option program for
Kjell Larsson, Senior Vice President, including
a maximum of 175,000 stock options. Each stock option entitles the
holder to acquire a new share not later than 30 December, 2012. In
order to secure the Company's undertakings to deliver shares and pay
social security fees it was resolved to issue 235,000 warrants with
corresponding terms and conditions.

For additional information:

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



Also see: www.lapplandgoldminers.com
About Mangold Fondkommission:  www.mangold.se




Lappland Goldminers AB is an exploration company, and, through the
acquisition of the gold mine and processing plant Pahtavaara in
Finland, also a producing mining company. The company is listed on
the market place "First North" under the name GOLD, with Mangold
Fondkommission AB as the Certified Adviser, as well as the Norwegian
OTC list. 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, in
the Haveri area in Finland, and Pahtavaara in northern 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.