Lappland Goldminers AB (STO:GOLD) : Mine Production Has Started At The Pahtavaara gold Mine In Finnish Lapland

Lappland Goldminers AB (STO:GOLD) Lappland Goldminers AB (publ), listed on First North and the Norwegian OTC list, has started production from the underground mine at the wholly owned Pahtavaara gold mine.

With continuous production Pahtavaara gold mine is estimated to produce about 30000 ounces or 900 kg of gold on yearly basis.

"In the current situation with widespread lay-offs in the industry the employees of Pahtavaara cannot get any better Christmas present than continuity of jobs when normal production starts at the mine" says Juha Karppinen, the employees' representative at the Lappland Goldminers Oy Pahtavaara mine.

The Company acquired the Pahtavaara deposit and surrounding exploration permits in April 2008. The deposit is located in the Sodankylä municipality in northern Finland, about 150 km North of Rovaniemi. One area close to the processing plant of Pahtavaara seems to be very interesting for the company because it has good possibilities to find new gold deposits with possibilities for new mines which ore could be transported to the processing mill.

For additional information:

Karl-Åke Johansson, CEO Tomas Björklund, Board Member Ph. +46 950-275 01, +46 70-625 22 57 Ph. +46 70-662 35 35 karl-ake.johansson@lgold.se tomas.bjorklund@lgold.se

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

Lappland Goldminers AB is an exploration company and a producing mining company. The company is listed on the market place "First North" under the name GOLD, with Mangold Fondkommission AB as the Certified Adviser, as well as on the Norwegian OTC list. Lappland Goldminers has secured a number of gold deposits along the so-called Guldlinjen ("The Gold Line") in Västerbotten. The Company's strategy is to develop a profitable, producing gold company, with centrally located processing plants in Fäboliden and Blaiken, Sweden, and in the Haveri area in southern Finland and Pahtavaara in Northern Finland, supported by ore from one or several mines either through the Company's own exploration or alternatively through acquisitions. Lappland Goldminers is a member of SveMin, the trade association for mines, minerals and metal producers in Sweden (formerly called the Swedish Mining Association) and follows SveMin's reporting rules for public mining and exploration companies.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/134992/R/1278443/285233.pdf

Lappland Goldminers AB

http://www.lapplandgoldminers.com

ISIN: SE0000718132

Stock Identifier: SSE.GOLD