Lappland Goldminers AB

Lappland Goldminers AB Lappland Goldminers AB (publ), listed on First North and the Norwegian OTC list, started, on June 4, beneficiation tests on low-grade material, by previous owners, classified as waste rock. Preliminary results indicate a head gold grade of 0.4 to 1.2 g/ton.

Lappland Goldminers AB 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.

Lappland Goldminers AB Miljööverdomstolen (The Supreme Environmental Court) has given the Company a go ahead decision regards to permit to construct and operate a mine and process facility at Fäboliden.

Lappland Goldminers AB First Quarter * Result after financial items -4,145 TSEK (-2,330) * Investment have been 7,361 TSEK (11,646) * This Report is the first Q1 report in accordance to IFRS. * Information about our projects in Sweden and Finland will from this report and further on be updated on our web site