Lappland Goldminers publishes prospectus regarding issue of convertibles

Press release	Lycksele on March 29, 2010                                        

Lappland Goldminers publishes prospectus regarding issue of convertibles        

At extraordinary general meeting in Lappland Goldminers AB (publ) on March 16,  
2010, a decision was taken to issue convertibles (convertible bond loan) with   
preferential rights for the company's shareholders. The issue will give Lappland
Goldminers more than 122 million SEK before issue costs.                        

Following the issue, the company hereby releases the prospectus which has been  
prepared concerning the preferential right issue of convertibles. The           
subscription period will begin on April 7 and end on April 21, 2010. Trading    
with subscription rights will take place between April 7 and 16, 2010.          

The prospectus is available on Lappland Goldminers web page                     
www.lapplandgoldminers.se                                                       

The prospectus along with notification form and issue accounts will be          
distributed to those shareholders in Lappland Goldminers AB who are directly    
registered in Euroclear Sweden AB commencing around April 6, 2010. Shareholders 
with nominee registered shares will be instructed by their nominees.            



For additional information:                                                     
Ulf Ericsson, Chairman of the Board	Kjell Larsson, CEO                          
Ph: +46 70-529 09 59	Tel. + 4670-385 03 57                                      
ulf.ericsson@lgold.se	kjell.larsson@lgold.se                                    



Also visit Lappland Goldminers' website at: www.lapplandgoldminers.se           
About Mangold Fondkommission: www.mangold.se                                    

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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.