Lappland Goldminers has appointed Henrik Grind as new head of operations in Pahtavaara and implements a comprehensive efficiency program.

  * Henrik Grind has been appointed as new head of operations for  Lappland
    Goldminers Finnish gold mine Pahtavaara, while retaining responsibility for
    Ersmarksberget. He has extensive experience in running mining operations. As
    head of operations at the mine Grind's primary responsibility will be to
    implement measures to ensure stability of production and to run  the
    operations in a cost efficient manner.

    Henrik Grind, born in 1959 in Vörå Finland, was educated at the Åbo Akademi
    and has previously worked in both Boliden and Nordkalk. He has a solid and
    extensive knowledge in geology, production and environmental issues.

  * In Lappland Goldminers interim report, which was presented on 12 August
    2010, it was reported that the company has initiated a review of the
    structure and costs. The measures undertaken by the company during the
    autumn are expected to reduce costs on an annualized basis by at least 10
    million SEK, of which half will affect the income statement already in the
    fourth quarter of this year. The full effect of the efficiency program is
    expected in mid 2011. The company has also initiated a process to sell the
    Haveri gold deposit in Finland.

     "We are now adjusting the organization, improving production management and
    focus sharply on stronger cash flows. These are important steps in order to
    prepare and increase opportunities to quickly move forward with the
    Fäboliden project and at the same time strengthen our financial position.
    I'm convinced that Henrik Grind is the right person to create further
    efficiency in our operations in Finland and that the measures taken in the
    short and long term will benefit Lappland Goldminers, our shareholders and
    other stakeholders." comments Kjell Larsson, CEO.

    The company's organization has been reduced by eight people of which the
    majority are head office staff. Staff negotiations which began on 23
    September have been finalized.

    Production at Pahtavaara will be improved through the redeployment of the
    underground ramp to a more central location and through expanded knowledge
    of new stopes.

    At the company headquarters in Lycksele the total office space has been
    reduced by moving into smaller and consolidated premises.



For additional information:

Kjell Larsson, CEO
Tel. +46 950-275 06, + 46 70-385 03 57
kjell.larsson@lgold.se


Also visit: www.lapplandgoldminers.com
About Mangold Fondkommission: 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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