Lund Gold Ltd.

Lund Gold Ltd.

October 29, 2009 13:32 ET

Lund Starts Exploration at Don-Don Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) - Lund Gold Ltd. (TSX VENTURE:LGD) 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.

The above anomalies constitute the first generation of exploration targets to be evaluated. Lund's initial exploration program, now underway, will consist of 20 kilometres of line cutting, induced polarization (IP) and ground magnetic surveys followed by at least 1,000 metres of diamond drilling.

Prospective rocks of the Quesnel Trough cut through central British Columbia from the U.S. border north to the Stikine River and host most of the province's producing copper mines and advanced deposits. This 2,000-km-long belt is known as a prime exploration ground for alkalic copper-gold-silver deposits and calc-alkaline porphyry copper-molybdenum deposits, but is also prospective for other mineral deposit types. The diverse mineral potential and new mineral discoveries within the Quesnel Trough have made it attractive for exploration and Lund is pleased to be active in British Columbia's most productive mineral belt.

To find out more about Lund Gold Ltd. (TSX VENTURE:LGD), visit our website at

On behalf of the Board of Directors of LUND GOLD LTD.

Chet Idziszek, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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