Lund Gold Ltd. has commenced exploration at its newly optioned Don-Don Property, accessible by road 250 kilometres north of Ft. St. James and located in the Omineca Mining Division of British Columbia. The 6,105-hectare property is situated in the northern Quesnel Trough, the structural stratigraphic corridor that hosts the producing Kemess mine, the advanced Mt. Milligan mine project, Amarc Resource Ltd.'s ('Amarc') contiguous Pinchi Project and Serengeti Resources's recently discovered Kwanika deposit (45 kms to the south). A large northwest trending, coincident airborne magnetic and ground induced polarization (IP) geophysical anomaly on Amarc's adjacent Pinchi project property has been targeted in their recent drill program. This prominent geophysical target coincides with a portion of the Pinchi Fault where intrusive phases of the Hogem Batholith have been found to host copper-gold mineralization. Approximately 600 metres of this coincident I.P. chargeability/magnetic anomaly appears to be open to depth to the southwest, potentially extending onto the northern portion of the Don-Don property. A second, nearby sub parallel northwest trending magnetic anomaly, which may represent a slice of the Hogem intrusive rocks has also been identified. In addition, Lund has contracted Kit Campbell of Intrepid geophysics to complete a review of the available public, regional geophysical, geochemical and remote sensing data for the area. Five EM anomalies were identified to occur within an overall anomalously (20 by 10 kilometre) conductive zone within the central and southern portion of the Don-Don property. Higher resolution aeromagnetic data has also identified a number of linear features, possibly related to structures or lithological contacts and smaller, possibly intrusive related, magnetic signatures.

Lund Gold Ltd., Annual General Meeting, Dec 02, 2009, at 10:00 US Pacific Time. Location: Suite 2000 – 1055 West Hastings Street, Vancouver, British Columbia,Canada. Agenda: To consider the report of the directors and the audited consolidated financial statements of the company together with the auditor's report thereon for the financial year ended June 30, 2009; to appoint the auditor for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditor; to fix the number of directors at four; to elect directors for the ensuing year; to reaffirm the company's existing stock option plan for the ensuing year, as more fully set forth in the information circular accompanying this notice; to transact such further or other business as may properly come before the meeting and any adjournments thereof .

Lund Gold Ltd. reported that it has, subject to regulatory approval, been granted the sole and exclusive option to acquire a 100% interest in sixteen claims covering 6,105 hectares located in the Omineca Mining Division, Province of British Columbia, known as the Don-Don Property. The Don-Don Property is contiguous with claims belonging to Lysander Gold's Pinchi Project which have been recently optioned by Amarc Resources. The Don-Don Property covers a portion of the Pinchi fault contact with the Duckling Creek syenitic phase of the Hogen Batholith where alkalic porphyry copper-gold mineralization has been found to be associated with the Duckling Creek intrusive phases of the Hogen Batholith locally. A large IP target occurs on the adjacent Lysander ground and is open to the west onto the Don-Don Property which also hosts two large prominent EM airborne anomalies. The Northern Quesnel Trough area is very active with numerous companies exploring for porphyry style copper-gold mineralization, including work in the north around Kemess and locally at the Lorraine property and to the south at Serengeti Resources Kwanika property and at Mt Milligan. Lund plans to begin geophysical work shortly with a view to generating drill targets as soon as possible.