The Board of Directors of Lappland Goldminers AB has

The Board of Directors of Lappland Goldminers AB (publ) has decided to issue
convertibles (convertible bonds) with preferential rights for the company's
shareholders to a total nominal amount of SEK 122,213,674. The issue is subject
to the approval of an extraordinary shareholders' meeting to be held on 16th of
March 2010.The entire issue amount (SEK 122,213,674) is guaranteed by a
consortium of some of largest shareholders of the company.

The funds obtained by the company by the guaranteed issue of convertibles,
provided that the shareholders approve the Board's decision, will be used to
continue developing the operations, including the  completion of the feasibility
study for Fäboliden and carrying out the drilling programs at Ersmarksberget and
Pahtavaara.The drilling programs are intended to extend the mineral reserves and
secure long-term mining production.

"We are very pleased to present a preferential right issue guaranteed to 100
%.This enables the company to take a big step towards the completion of a
production plant in Fäboliden and also to carry out the drilling programs at our
two mines. We hope that our shareholders will find the offered terms attractive
given the potential of the company.", says the Chairman of the Board Ulf
Ericsson.

Terms and conditions of the convertibles

The company's shareholders are entitled, for every 75 "old" shares in the
company, to subscribe for 10 convertibles at a nominal value of SEK 11.00/each.
The record day for the shareholders' right to participate in the issue is 31st
of March 2010. The subscription rights will be traded on NASDAQ OMX First North
during the period 7th - 16th of April 2010.

The convertibles carry an annual interest rate of STIBOR 90 days with an
addition of 6 % (basis points).The interest during each period may, however,
never exceed 10 %. The interest will be due for payment each quarter in arrears,
beginning on 30th of June 2010. The convertibles mature for payment at nominal
value on 30th of December 2013, unless already converted to shares.

Conversion to shares may be effected annually during the periods 1st - 15th of
January, 1st - 15th of May and 1st - 15th of September, beginning on 1st of
January 2011.The conversion price is SEK 11.00. At full conversion, the number
of shares in the company will increase with 11,110,334 shares, corresponding to
a dilution of approximately 11.8 %.

Lappland Goldminers AB has the intention to list the convertibles on the NASDAQ
OMX First North.

Prospectus, application form and issue statement will be distributed to Lappland
Goldminers AB's shareholders directly registered in Euroclear Sweden AB
beginning about April 6, 2010.Shareholders in Lappland Goldminers AB with
nominee registered shares will be instructed by the nominees.

Extraordinary general meeting

The Board of Directors of Lappland Goldminers AB has decided to convene an
extraordinary general meeting on 16th of March 2010 for approval of the Board's
decision to issue convertibles with preferential right for the company's
shareholders.

Preliminary time table for issue of convertibles:


 Day of extraordinary general meeting                         16 March 2010

 Last trading day for Lappland Goldminers shares incl.        26 March 2010
 subscription rights

 Firts trading day for Lappland Goldminers shares excl.       29 March 2010
 subscription rights

 Record day                                                   31 March 2010

 Trading with subscription rights                             7 - 16 April 2010

 Subscription time                                            7 - 21 April 2010

Lycksele, 19th of February 2010

Lappland Goldminers AB (publ)



For further information, please contact:


 Ulf Ericsson, Chairman of the Board     Kjell Larsson, MD

 Tel. +46 70- 529 09 59                  Tel. +46 70- 385 03 57

 ulf.ericsson@lgold.se                   kjell.larsson@lgold.se
 <mailto:ulf.ericsson@lgold.se>          <mailto:kjell.larsson@lgold.se>



Also visit:www.lapplandgoldminers.com <http://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 Blaiken Gold Operation and the fully permitted
Fäboliden Gold Project in northern Sweden, with the Pahtavaara Gold Operation in
the north of Finland and with gold deposits in the Haveri area 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.



[HUG#1386329]
The Board of Directors of Lappland Goldminers AB has decided to issue a convertible bond loan with preferential rights. The issue is fully guaranteed.

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