Lappland Goldminers AB (publ) - extra general meeting approved the fully guaranted convertible bond issue with preferential rights for the Company's shareholders.

The  shareholders of  Lappland Goldminers  AB (publ)  held on March 16, 2010, an
extra  general meeting in Stockholm. The  meeting decided to approve the Board's
resolution from February 18, 2010, to issue convertible bonds at a total nominal
value   of   SEK   122,213,674 with   preferential   rights  for  the  Company's
shareholders.



Since  the whole convertible bond issue is fully guaranteed by a consortium with
the  Company's largest shareholder,  Ponderus Invest AB,  as main guarantor, the
Company will obtain the whole issue amount (SEK 122,213,674) before issue costs.



Shareholders' right to participate in the convertible issue

The Company's shareholders are entitled, for every 75 "old" shares in the
Company, to subscribe for ten (10) convertibles at a nominal value of
SEK 11.00/each. The record day, i.e. the day when a shareholder must be recorded
in the shareholders register to be entitled to participate in the issue and
obtain subscription rights, is March 31, 2010.



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



Time table for the convertible bond issue:


 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





For further information:


Ulf Ericsson, chairman

Tel. +46 (0)705-29 09 59

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



Kjell Larsson, MD

Tel. +46 (0)950-275 06, +46 (0)703-85 03 57

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



Visit also: 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.



[HUG#1394678]