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      Lundin Gold Reports Further High Grade Results at FDNS Including 91.3 g/t over 20.65 Metres and Expands the Mineralized Footprint at FDN East

      2026 Logo (CNW Group/Lundin Gold Inc.)

      News provided by

      Lundin Gold Inc.

      Feb 18, 2026, 18:00 ET

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      VANCOUVER, BC, Feb. 18, 2026 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce additional strong results from its ongoing conversion and near mine exploration drilling programs at the Fruta del Norte ("FDN") gold mine in southeast Ecuador.  Following the declaration of inaugural Mineral Reserves at Fruta del Norte South ("FDNS"), continued drilling has further confirmed and expanded high grade mineralization within the deposit.  At FDN East, where the Company recently announced its inaugural Mineral Resource, ongoing drilling has identified new high grade mineralized veins that extend the known footprint from 500 to 650 metres and highlight meaningful untapped potential. PDF Version

      Continue Reading
      Figure 1: Map showing FDN deposit and FDNS selected drilling results (CNW Group/Lundin Gold Inc.)
      Figure 1: Map showing FDN deposit and FDNS selected drilling results (CNW Group/Lundin Gold Inc.)
      Figure 2: Map showing FDN and FDNS deposit with selected FDNS conversion and exploration drilling results (CNW Group/Lundin Gold Inc.)
      Figure 2: Map showing FDN and FDNS deposit with selected FDNS conversion and exploration drilling results (CNW Group/Lundin Gold Inc.)
      Figure 3: Map showing FDN, FDNS, FDN East and the location of the newly intercepted veins with selected FDN East drilling results (CNW Group/Lundin Gold Inc.)
      Figure 3: Map showing FDN, FDNS, FDN East and the location of the newly intercepted veins with selected FDN East drilling results (CNW Group/Lundin Gold Inc.)
      Figure 4: 2D active seismic survey cross section showing FDN East deposit with selected FDN East drilling results and new drill results along the east extension (CNW Group/Lundin Gold Inc.)
      Figure 4: 2D active seismic survey cross section showing FDN East deposit with selected FDN East drilling results and new drill results along the east extension (CNW Group/Lundin Gold Inc.)
      Lundin Gold Reports Further High-Grade Results at FDNS Including 91.3 g-t over 20.65 Metres and Expands the Mineralized Footprint at FDN East (CNW Group/Lundin Gold Inc.)
      View PDF
      Lundin Gold Reports Further High-Grade Results at FDNS Including 91.3 g-t over 20.65 Metres and Expands the Mineralized Footprint at FDN East (CNW Group/Lundin Gold Inc.)

      Highlights

      • FDNS Conversion Drilling: Drill results confirm gold mineralization with several outstanding intercepts and delineate wide, high grade zones within the mineral envelope supporting further Mineral Reserve expansion potential at FDNS.
      • FDNS Exploration Drilling: Drilling returned exceptional results outside the Mineral Resource envelope, discovering additional mineralized veins for further investigation in the southern sector and along the northern extension of the deposit, highlighting the growth potential of this mineral system.
      • FDN East: Newly discovered mineralized veins extend the known footprint by approximately 150 metres beyond the inaugural Mineral Resource, validating the Company's geological interpretation of a much broader mineralized trend potentially extending under cover toward the Sandia porphyry.

      Jamie Beck, President and CEO, commented, "These results continue to demonstrate the strength and scale of the Fruta del Norte epithermal gold mineral system.  Conversion drilling at FDNS is delivering wide, high grade intervals that strongly support future Mineral Reserve growth, while ongoing exploration drilling has discovered new veins that potentially extend the deposit to the north and south beyond the currently defined limits.  At FDN East, results support our interpretation of a potential broader mineralized trend that may extend up to a kilometre toward the Sandia porphyry.  Collectively, these results highlight the exceptional growth pipeline at Fruta del Norte." 

      FDNS Conversion Program Drilling Highlights (not true widths):

      • Drill hole FDN-C25-323 intersected 92.37 grams per tonne ("g/t") of gold ("Au") over 4.55m from 75.85m, including:
        • 1,010 g/t Au over 0.40m
      • Drill hole FDN-C25-365 intersected 41.23 g/t Au over 8.40m from 12.05m, including:
        • 131.86 g/t Au over 2.35m
      • Drill hole FDN-C25-364 intersected 30.82 g/t Au over 8.30m from 35.60m, including:
        • 67.53 g/t Au over 3.45m
      • Drill hole FDN-C25-359 intersected 98.06 g/t Au over 5.80m from 28.45m, including:
        • 405.08 g/t Au over 1.20m

      FDNS Exploration Program Drilling Highlights (not true widths):

      • Drill hole UGE-S-25-384 intersected 91.32 g/t Au over 20.65m from 91.75m, including:
        • 405.57 g/t Au over 2.80m
      • •  Drill hole UGE-S-25-395 intersected 18.44 g/t Au over 3.40m from 226.20m, including:
        • 59.0 g/t Au over 1.0m

      FDN East Exploration Program Drilling Highlights (not true widths):

      • Drill hole UGE-E-25-401 intersected 12.75 g/t Au over 7.45m from 479.50m including:
        • 47.67 g/t Au over 1.80m (Far eastern FDN East extension)
      • Drill hole UGE-E-25-361 intersected 42.41 g/t Au over 2.10m from 137.40m, including:
        • 220.00 g/t Au over 0.40m

      DRILLING PROGRAMS

      Lundin Gold's near-mine exploration strategy is focused on extending mine life by discovering and delineating new mineralized zones close to FDN's operations.  These efforts have contributed to significant Mineral Reserve additions since the start of commercial production.

      In 2025, the Company completed over 121,519 metres of drilling across 383 holes.  In 2026, the program is planned to expand to at least 133,000 metres, with 17 rigs now active across conversion and near-mine exploration programs, the largest drilling campaign ever on the FDN land package.

      FDNS

      In 2025, conversion drilling successfully advanced in the central portion of the deposit, where the Company recently declared an inaugural Mineral Reserve of 0.54 million ounces ("Moz") (2.50 million tonnes ("Mt") at 6.66 g/t Au) approximately 18 months after its discovery.  Further information, including the 2025 Mineral Reserve and Mineral Resource statement, is available in the Company's news release dated February 17, 2026.

      Conversion drilling in 2026 aims to continue to convert Inferred Resources to the Indicated category and support further Reserve additions.  Several results to date have confirmed mineralization in distinct areas, including wide high grade zones in holes FDN-C25-365 (41.23 g/t Au over 8.40m) and FDN-C25-364 (30.82 g/t Au over 8.30m), within the central portion of FDNS.

      Exploration drilling at FDNS has focused on its Northern and Southern Extensions.  The exploratory hole UGE-S-25-395 (15.32 g/t Au over 3.70m; 18.44 g/t over 3.40m; 11.08 g/t Au over 3.55m) intercepted several mineralized veins and indicated areas for further expansion to the North.  To the south, exploratory hole UGE-S25-384 (91.32 g/t Au over 20.65m) delivered a remarkable intercept, indicating the presence of additional veins that warrant follow-up drilling.  Two rigs are currently active at FDNS, and full assay results are provided in Table 1.

      FDN EAST

      The FDN East deposit is a buried epithermal system made up of multiple subparallel north–south-trending veins located approximately 100 metres east of FDN's existing underground infrastructure.  Drilling in 2025 outlined a 500 metre strike length and supported an initial Mineral Resource of 0.42 Moz Au (2.17 Mt at 6.01 g/t Au). For further details refer to the Company's news release dated February 17, 2026.  The deposit remains completely open

      Of note, the exploratory hole UGE-E-25-401 (12.89 g/t Au over 5.45 m and 12.75 g/t Au over 7.45 m) discovered new mineralized veins located farther east, confirming mineralization continues approximately 150 metres east of the initial Mineral Resource.  Drill hole UGE-E-25-422, which intersected typical epithermal hydrothermal alteration with brecciated quartz–chalcedony veining containing visible gold, further confirms the downdip extension of this newly identified zone (Figures 3 and 4).  Assay results for UGE-E-25-422 are still pending

      These recently completed exploration holes support the Company's geological interpretation that favourable host rocks present at FDN and FDN East continue beneath the sedimentary cover for approximately an additional one kilometre to the east.  This interpretation is reinforced by the results of the recently acquired 2D active seismic survey (Figure 4).  The potential mineralized trend identified beneath this cover remains entirely untested and represents a significant area for future discovery around FDN.  Additional step-out drill holes are currently being planned.  Two underground rigs are turning at FDN East, and a surface rig is scheduled for mobilization to the area.

      Figure 1: Map showing FDN deposit and FDNS selected drilling results

      Figure 2: Map showing FDN and FDNS deposit with selected FDNS conversion and exploration drilling results

      Figure 3: Map showing FDN, FDNS, FDN East and the location of the newly intercepted veins with selected FDN East drilling results

      Figure 4: 2D active seismic survey cross section showing FDN East deposit with selected FDN East drilling results and new drill results along the east extension

      Qualified Persons and Technical Note

      The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

      Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru.  The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.  The remaining half core is retained for verification and reference purposes.  For further information on the assay, QA-QC, and data verification procedures, please see Lundin Gold's AIF.

      About Lundin Gold

      Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador.  Fruta del Norte is among the highest-grade operating gold mines in the world.

      The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly.  The Company operates with transparency and in accordance with international best practices.  Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.  Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders. 

      Additional Information

      The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly communicated on February 18, 2026 at 3:00 p.m. Pacific Time through the contact persons set out below.

      Caution Regarding Forward-Looking Information and Statements 

      Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements").  Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks, and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information.  Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct.  Forward-looking information should not be unduly relied upon.  This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws.

      This press release contains forward-looking information in a number of places, such as in statements relating to the Company's exploration plans, activities and results and its plans to update its estimates of Mineral Reserves and Resources.  There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's Annual Information Form dated March 17, 2025.

      Lundin Gold's actual results could differ materially from those anticipated.  Factors that could cause actual results to differ materially from any forward-looking statement or that could have a material impact on the Company or the trading price of its shares include: instability in Ecuador; community relations; reliability of power supply; tax changes in Ecuador; security; availability of workforce and labour relations; mining operations; waste disposal and tailings; environmental compliance; illegal mining; Mineral Reserve and Mineral Resource estimates; infrastructure; regulatory risk; government or regulatory approvals; forecasts relating to production and costs; gold price; dependence on a single mine; shortages of critical resources; climate change; exploration and development; control of Lundin Gold; dividends; information systems and cyber security; title matters and surface rights and access; health and safety; human rights; employee misconduct; measures to protect biodiversity, endangered species and critical habitats; global economic conditions; competition for new projects; key talent recruitment and retention; market price of the Company's shares; social media and reputation; insurance and uninsured risks; pandemics, epidemics or infectious disease outbreak; conflicts of interest; violation of anti-bribery and corruption laws; internal controls; claims and legal proceedings; and reclamation obligations.

      APPENDIX 

      Table 1: Drillhole assay results from the drilling program at FDNS reported for thickness versus grade intervals above 8.37 (m x g/t Au >8.37).  Drill hole intercepts are reported in drill core lengths and true widths

      Hole ID

      From (m)

      To (m)

      Interval (m)

      True width (m)

      Au (g/t)

      Ag (g/t)

      Target

      Zone

      FDN-C25-322

      26.35

      27.60

      1.25

      0.72

      17.60

      16.79

      FDNS

      Underground

      Including

      26.75

      27.15

      0.40

      0.23

      51.00

      42.40

      FDN-C25-322

      78.60

      79.80

      1.20

      0.60

      12.34

      12.00

      Including

      79.40

      79.80

      0.40

      0.20

      33.70

      19.00

      FDN-C25-322

      112.90

      118.75

      5.85

      2.93

      11.35

      16.36

      Including

      115.80

      116.20

      0.40

      0.20

      145.00

      102.00

      FDN-C25-322

      145.55

      147.05

      1.50

      0.75

      6.64

      7.29

      FDN-C25-323

      0.00

      2.35

      2.35

      2.27

      4.62

      21.03

      FDNS

      Underground

      FDN-C25-323

      3.80

      8.25

      4.45

      4.30

      9.17

      49.41

      Including

      7.65

      8.25

      0.60

      0.58

      42.40

      63.90

      FDN-C25-323

      37.95

      40.55

      2.60

      2.56

      7.23

      59.09

      Including

      38.75

      39.75

      1.00

      0.98

      14.65

      126.00

      FDN-C25-323

      46.30

      49.50

      3.20

      3.15

      34.66

      22.26

      Including

      47.55

      48.50

      0.95

      0.94

      109.55

      45.22

      FDN-C25-323

      51.85

      56.70

      4.85

      4.78

      22.37

      51.72

      Including

      52.80

      53.80

      1.00

      0.98

      92.10

      109.00

      FDN-C25-323

      59.65

      61.80

      2.15

      2.12

      6.73

      163.91

      Including

      60.45

      60.85

      0.40

      0.39

      13.90

      188.00

      FDN-C25-323

      71.55

      74.00

      2.45

      2.41

      5.28

      21.22

      Including

      73.60

      74.00

      0.40

      0.39

      19.10

      78.80

      FDN-C25-323

      75.85

      80.40

      4.55

      4.48

      92.37

      51.98

      Including

      75.85

      76.25

      0.40

      0.39

      1010.00

      357.00

      FDN-C25-324

      11.65

      15.95

      4.30

      3.04

      6.32

      34.34

      FDNS

      Underground

      Including

      11.65

      13.55

      1.90

      1.34

      11.87

      35.87

      FDN-C25-324

      39.10

      39.70

      0.60

      0.39

      30.50

      16.70

      FDN-C25-324

      43.90

      44.35

      0.45

      0.29

      46.50

      36.80

      FDN-C25-324

      66.30

      69.05

      2.75

      1.77

      23.89

      13.85

      Including

      67.30

      68.00

      0.70

      0.45

      73.70

      30.50

      FDN-C25-324

      79.75

      81.55

      1.80

      1.16

      7.50

      19.08

      Including

      80.40

      80.80

      0.40

      0.26

      29.00

      49.90

      FDN-C25-324

      94.25

      96.25

      2.00

      1.41

      30.11

      32.31

      Including

      94.25

      94.90

      0.65

      0.46

      86.10

      21.90

      FDN-C25-324

      99.90

      100.85

      0.95

      0.67

      52.80

      10.70

      FDN-C25-324

      123.65

      124.05

      0.40

      0.26

      62.20

      65.30

      FDN-C25-324

      193.40

      194.65

      1.25

      0.88

      16.62

      107.60

      Including

      193.40

      194.00

      0.60

      0.42

      33.20

      218.00

      FDN-C25-324

      260.30

      263.75

      3.45

      2.22

      6.33

      27.48

      Including

      263.35

      263.75

      0.40

      0.26

      44.80

      102.00

      FDN-C25-327

      31.20

      33.30

      2.10

      1.72

      4.25

      16.42

      FDNS

      Underground

      Including

      31.60

      32.05

      0.45

      0.37

      16.70

      51.90

      FDN-C25-327

      56.35

      60.95

      4.60

      3.77

      2.84

      6.31

      Including

      59.45

      59.85

      0.40

      0.33

      9.23

      5.30

      FDN-C25-327

      94.20

      100.15

      5.95

      4.87

      4.19

      7.41

      Including

      94.20

      95.10

      0.90

      0.74

      15.40

      9.10

      FDN-C25-327

      136.00

      144.30

      8.30

      7.19

      3.72

      10.92

      Including

      138.70

      139.15

      0.45

      0.39

      15.90

      22.80

      FDN-C25-327

      153.15

      162.30

      9.15

      7.50

      3.78

      5.70

      FDN-C25-332

      0.00

      4.15

      4.15

      4.09

      6.06

      9.11

      FDNS

      Underground

      Including

      1.80

      2.90

      1.10

      1.08

      19.85

      8.40

      FDN-C25-332

      75.60

      76.65

      1.05

      1.03

      14.50

      30.20

      FDN-C25-332

      134.90

      140.35

      5.45

      4.72

      6.37

      83.45

      Including

      135.55

      137.30

      1.75

      1.52

      16.35

      225.98

      FDN-C25-333

      0.00

      2.10

      2.10

      1.90

      5.91

      8.46

      FDNS

      Underground

      Including

      0.00

      0.55

      0.55

      0.50

      19.90

      10.00

      FDN-C25-333

      7.95

      10.35

      2.40

      2.08

      59.11

      31.88

      Including

      7.95

      8.35

      0.40

      0.35

      328.00

      112.00

      FDN-C25-333

      35.00

      35.80

      0.80

      0.73

      19.76

      27.70

      FDN-C25-333

      40.80

      42.70

      1.90

      1.72

      5.74

      41.81

      Including

      42.10

      42.70

      0.60

      0.56

      14.65

      115.00

      FDN-C25-333

      43.50

      47.65

      4.15

      3.90

      3.74

      16.56

      FDN-C25-333

      44.15

      47.65

      3.50

      3.17

      3.87

      18.29

      Including

      47.10

      47.65

      0.55

      0.50

      7.83

      14.00

      FDN-C25-334

      20.10

      22.85

      2.75

      2.11

      4.25

      14.18

      FDNS

      Underground

      Including

      21.05

      21.55

      0.50

      0.38

      13.60

      23.40

      FDN-C25-334

      25.55

      25.95

      0.40

      0.28

      41.00

      13.50

      FDN-C25-334

      44.60

      49.40

      4.80

      3.93

      14.86

      64.03

      Including

      47.30

      48.55

      1.25

      1.02

      43.18

      216.16

      FDN-C25-334

      51.95

      52.90

      0.95

      0.73

      11.80

      201.00

      FDN-C25-334

      66.00

      71.05

      5.05

      3.87

      43.13

      50.11

      Including

      66.00

      68.05

      2.05

      1.57

      103.21

      111.66

      FDN-C25-334

      75.00

      76.15

      1.15

      0.88

      56.28

      14.17

      FDN-C25-335

      7.20

      10.00

      2.80

      2.14

      4.33

      5.53



      Including

      7.20

      7.60

      0.40

      0.31

      16.25

      10.70

      FDN-C25-335

      20.40

      27.30

      6.90

      4.44

      19.91

      23.88

      Including

      20.40

      23.15

      2.75

      1.77

      30.57

      29.95

      Including

      26.10

      27.30

      1.20

      0.77

      37.14

      35.40

      FDN-C25-335

      41.00

      43.25

      2.25

      1.84

      42.07

      36.42

      Including

      42.85

      43.25

      0.40

      0.33

      151.00

      72.70

      FDN-C25-336

      9.40

      13.40

      4.00

      3.98

      7.41

      10.00

      FDNS

      Underground

      Including

      9.40

      10.95

      1.55

      1.54

      15.77

      16.75

      FDN-C25-336

      24.10

      26.65

      2.55

      2.54

      11.47

      25.98

      Including

      24.10

      25.05

      0.95

      0.95

      18.00

      28.80

      FDN-C25-337

      0.00

      5.45

      5.45

      5.43

      20.09

      14.00

      FDNS

      Underground

      Including

      0.00

      0.60

      0.60

      0.60

      164.00

      64.20

      FDN-C25-337

      22.50

      24.70

      2.20

      2.19

      6.85

      33.72

      Including

      22.50

      23.70

      1.20

      1.20

      10.87

      51.87

      FDN-C25-337

      44.70

      47.35

      2.65

      2.65

      11.95

      38.48

      Including

      46.50

      47.35

      0.85

      0.85

      20.10

      52.30

      FDN-C25-337

      49.60

      52.45

      2.85

      2.85

      6.21

      19.03

      FDN-C25-337

      73.00

      75.40

      2.40

      2.39

      6.01

      11.48

      Including

      73.40

      74.40

      1.00

      1.00

      12.35

      10.20

      FDN-C25-337

      77.15

      80.00

      2.85

      2.84

      5.07

      4.19

      Including

      77.15

      77.55

      0.40

      0.40

      24.80

      12.90

      FDN-C25-337

      102.00

      105.80

      3.80

      3.79

      3.56

      7.44

      Including

      102.00

      103.00

      1.00

      1.00

      8.15

      7.20

      FDN-C25-337

      110.70

      113.70

      3.00

      2.95

      7.86

      33.16

      Including

      111.10

      112.30

      1.20

      1.18

      15.62

      14.43

      FDN-C25-337

      123.30

      127.10

      3.80

      3.79

      6.36

      56.66

      FDN-C25-342

      91.60

      97.35

      5.75

      5.40

      20.23

      135.34

      FDNS

      Underground

      Including

      92.25

      94.05

      1.80

      1.69

      61.42

      379.03

      FDN-C25-343

      3.40

      5.40

      2.00

      1.99

      14.92

      34.81

      FDNS

      Underground

      Including

      3.40

      3.85

      0.45

      0.45

      63.60

      36.40

      FDN-C25-343

      20.00

      24.60

      4.60

      3.98

      5.91

      11.83

      Including

      23.00

      24.60

      1.60

      1.39

      11.43

      17.70

      FDN-C25-343

      38.60

      43.25

      4.65

      4.03

      13.94

      20.40

      Including

      42.00

      43.25

      1.25

      1.08

      42.20

      27.16

      FDN-C25-343

      61.20

      63.30

      2.10

      2.09

      8.74

      10.29

      FDN-C25-344

      6.70

      9.50

      2.80

      2.80

      8.87

      9.19

      FDNS

      Underground

      Including

      6.70

      7.10

      0.40

      0.40

      28.90

      15.10

      FDN-C25-344

      53.20

      55.60

      2.40

      2.40

      4.59

      5.40

      Including

      54.75

      55.60

      0.85

      0.85

      7.74

      6.30

      FDN-C25-344

      59.10

      61.30

      2.20

      2.20

      6.13

      7.35

      Including

      59.10

      59.50

      0.40

      0.40

      23.70

      13.80

      FDN-C25-345

      9.00

      10.20

      1.20

      0.98

      14.29

      9.80

      FDNS

      Underground

      Including

      9.00

      9.80

      0.80

      0.66

      20.70

      12.50

      FDN-C25-345

      29.10

      34.30

      5.20

      3.98

      5.11

      10.38

      Including

      32.90

      34.30

      1.40

      1.07

      14.03

      13.77

      FDN-C25-345

      39.60

      41.35

      1.75

      1.34

      6.49

      7.13

      Including

      40.95

      41.35

      0.40

      0.31

      23.20

      18.50

      FDN-C25-345

      50.00

      53.15

      3.15

      2.58

      18.56

      12.86

      Including

      50.80

      52.15

      1.35

      1.11

      37.73

      20.01

      FDN-C25-345

      89.30

      93.25

      3.95

      3.42

      9.21

      65.74

      Including

      89.30

      90.45

      1.15

      1.00

      23.63

      115.40

      FDN-C25-346

      No Significant Results

      FDNS

      Underground

      FDN-C25-347

      37.55

      40.90

      3.35

      2.57

      5.95

      12.50



      Including

      39.55

      40.40

      0.85

      0.65

      12.31

      9.99

      FDN-C25-348

      35.10

      44.80

      9.70

      9.70

      30.99

      19.72

      FDNS

      Underground

      Including

      36.50

      40.10

      3.60

      3.60

      73.82

      38.49

      FDN-C25-349

      38.10

      41.90

      3.80

      1.90

      7.72

      5.67

      FDNS

      Underground

      Including

      38.90

      40.00

      1.10

      0.55

      18.73

      6.96

      FDN-C25-349

      45.35

      47.80

      2.45

      1.23

      4.85

      5.12

      Including

      46.40

      47.10

      0.70

      0.35

      8.68

      5.60

      FDN-C25-349

      58.65

      62.60

      3.95

      1.98

      5.46

      4.96

      Including

      58.65

      59.40

      0.75

      0.38

      8.16

      2.70

      FDN-C25-350

      54.75

      56.90

      2.15

      1.86

      7.54

      5.42

      FDNS

      Underground

      Including

      55.80

      56.90

      1.10

      0.95

      12.15

      8.50

      FDN-C25-350

      73.80

      78.10

      4.30

      3.72

      7.32

      8.33

      Including

      74.60

      75.30

      0.70

      0.61

      34.40

      20.30

      FDN-C25-351

      82.40

      84.60

      2.20

      2.17

      5.75

      8.21

      FDNS

      Underground

      Including

      82.40

      83.00

      0.60

      0.59

      13.20

      10.50

      FDN-C25-351

      88.60

      93.05

      4.45

      4.38

      25.45

      5.99

      Including

      90.65

      91.05

      0.40

      0.39

      270.00

      44.50

      FDN-C25-351

      98.05

      100.25

      2.20

      2.19

      9.11

      7.32

      Including

      99.45

      100.25

      0.80

      0.80

      22.90

      12.30

      FDN-C25-351

      125.20

      130.50

      5.30

      5.28

      7.50

      20.92

      Including

      128.30

      130.50

      2.20

      2.19

      14.72

      31.60

      FDN-C25-352

      63.40

      65.55

      2.15

      2.14

      5.79

      10.30



      Including

      63.40

      63.90

      0.50

      0.50

      17.00

      12.00

      FDN-C25-353

      No Significant Results

      FDNS

      Underground

      FDN-C25-354

      Pending Results

      FDNS

      Underground

      FDN-C25-356

      59.00

      62.45

      3.45

      2.64

      3.38

      32.56

      FDNS

      Underground

      Including

      59.00

      59.40

      0.40

      0.31

      12.25

      32.00

      FDN-C25-356

      128.20

      130.50

      2.30

      1.48

      11.52

      120.84

      Including

      128.20

      129.25

      1.05

      0.67

      23.66

      251.64

      FDN-C25-356

      145.05

      154.75

      9.70

      6.86

      10.23

      94.97

      Including

      145.05

      147.60

      2.55

      1.80

      21.19

      113.13

      FDN-C25-356

      177.60

      180.60

      3.00

      2.46

      4.67

      69.33

      Including

      177.60

      178.90

      1.30

      1.06

      7.16

      75.35

      FDN-C25-357

      Pending Results

      FDNS

      Underground

      FDN-C25-358

      70.80

      74.20

      3.40

      3.28

      13.83

      21.78

      FDNS

      Underground

      Including

      72.50

      73.55

      1.05

      1.01

      42.00

      48.07

      FDN-C25-359

      3.05

      4.05

      1.00

      0.98

      12.84

      15.52

      FDNS

      Underground

      Including

      3.50

      4.05

      0.55

      0.54

      21.90

      14.30

      FDN-C25-359

      21.50

      25.35

      3.85

      3.79

      90.56

      446.28

      Including

      23.85

      25.35

      1.50

      1.48

      229.54

      1085.33

      FDN-C25-359

      28.45

      34.25

      5.80

      5.71

      98.06

      192.08

      Including

      32.10

      33.30

      1.20

      1.18

      405.08

      364.83

      FDN-C25-359

      83.25

      85.20

      1.95

      1.92

      4.95

      68.54

      FDN-C25-360

      34.25

      39.35

      5.10

      4.18

      7.63

      83.49

      FDNS

      Underground

      Including

      35.75

      37.35

      1.60

      1.31

      14.33

      145.64

      FDN-C25-361

      No Significant Results

      FDNS

      Underground

      FDN-C25-362

      26.30

      27.75

      1.45

      1.40

      10.47

      41.24

      FDNS

      Underground

      FDN-C25-362

      38.15

      39.70

      1.55

      1.50

      5.73

      51.80

      FDN-C25-362

      44.70

      46.10

      1.40

      1.35

      8.45

      68.57

      FDN-C25-363

      35.30

      36.85

      1.55

      1.53

      17.21

      17.20

      FDNS

      Underground

      Including

      35.30

      35.75

      0.45

      0.44

      57.10

      31.70

      FDN-C25-363

      64.00

      66.40

      2.40

      2.39

      25.90

      12.84

      Including

      64.95

      65.35

      0.40

      0.40

      151.50

      50.00

      FDN-C25-364

      35.60

      43.90

      8.30

      6.36

      30.82

      41.36

      FDNS

      Underground

      Including

      39.45

      42.90

      3.45

      2.64

      67.53

      81.57

      FDN-C25-364

      53.85

      58.90

      5.05

      4.14

      3.60

      9.51

      Including

      57.50

      58.90

      1.40

      1.15

      7.39

      7.64

      FDN-C25-365

      5.30

      5.75

      0.45

      0.45

      28.10

      42.10

      FDNS

      Underground

      FDN-C25-365

      7.45

      10.00

      2.55

      2.54

      5.09

      16.29

      FDN-C25-365

      12.05

      20.45

      8.40

      8.37

      41.23

      42.05

      Including

      18.10

      20.45

      2.35

      2.34

      131.86

      81.08

      FDN-C25-365

      25.70

      32.85

      7.15

      7.12

      11.21

      45.11

      Including

      30.80

      32.85

      2.05

      2.04

      16.21

      48.87

      FDN-C25-365

      38.50

      44.50

      6.00

      5.91

      12.21

      45.91

      Including

      43.25

      44.50

      1.25

      1.23

      22.16

      83.66

      FDN-C25-365

      55.70

      60.80

      5.10

      4.42

      9.95

      8.11

      Including

      58.75

      60.80

      2.05

      1.78

      21.57

      8.38

      FDN-C25-366

      Pending Results

      FDNS

      Underground

      FDN-C25-367

      44.00

      45.70

      1.70

      0.98

      4.93

      8.36

      FDNS

      Underground

      Including

      44.00

      44.40

      0.40

      0.23

      12.80

      9.30

      FDN-C25-367

      48.95

      51.15

      2.20

      1.26

      8.89

      48.40

      FDN-C25-367

      50.45

      70.10

      3.40

      1.95

      7.59

      4.18

      Including

      50.45

      51.15

      0.70

      0.40

      13.95

      84.30

      FDN-C25-367

      90.60

      98.65

      8.05

      4.03

      5.07

      6.58

      FDN-C25-367

      114.20

      118.80

      4.60

      4.17

      12.53

      7.96

      Including

      115.30

      117.25

      1.95

      1.77

      18.74

      8.85

      FDN-C25-368

      97.35

      106.70

      9.35

      8.79

      9.24

      9.86

      FDNS

      Underground

      Including

      103.50

      106.70

      3.20

      3.01

      17.29

      11.12

      FDN-C25-369

      19.00

      21.60

      2.60

      2.36

      7.41

      5.68

      FDNS

      Underground

      Including

      20.00

      20.50

      0.50

      0.45

      13.35

      9.90

      FDN-C25-370

      19.30

      23.85

      4.55

      2.28

      54.73

      48.83

      FDNS

      Underground

      Including

      23.00

      23.85

      0.85

      0.43

      91.66

      50.81

      FDN-C25-370

      69.60

      75.20

      5.60

      3.60

      8.33

      4.33

      Including

      69.60

      70.15

      0.55

      0.35

      47.80

      8.40

      FDN-C25-370

      84.60

      87.40

      2.80

      1.98

      4.42

      3.19

      Including

      85.00

      85.85

      0.85

      0.65

      8.49

      5.74

      FDN-C25-370

      97.25

      102.75

      5.50

      4.21

      6.29

      3.11

      FDN-C25-371

      14.60

      17.00

      2.40

      2.32

      4.51

      13.24

      FDNS

      Underground

      Including

      16.55

      17.00

      0.45

      0.43

      14.65

      25.60

      FDN-C25-372

      57.10

      60.00

      2.90

      2.86

      21.97

      11.50

      FDNS

      Underground

      Including

      58.90

      60.00

      1.10

      1.08

      52.00

      18.00

      FDN-C25-373

      24.15

      24.95

      0.80

      0.69

      11.53

      30.05

      FDNS

      Underground

      Including

      24.55

      24.95

      0.40

      0.35

      21.10

      33.90

      FDN-C25-374

      Pending Results

      FDNS

      Underground

      FDN-C25-375

      Pending Results

      FDNS

      Underground

      FDN-C25-376

      Pending Results

      FDNS

      Underground

      FDN-C25-377

      Pending Results

      FDNS

      Underground

      UGE-S-25-384

      40.65

      43.50

      2.85

      2.81

      3.50

      3.91

      FDNS

      Underground

      UGE-S-25-384

      83.30

      85.80

      2.50

      2.46

      20.95

      10.63

      Including

      83.30

      84.30

      1.00

      0.98

      47.18

      20.83

      UGE-S-25-384

      91.75

      112.40

      20.65

      20.34

      91.32

      31.33

      Including

      109.10

      111.90

      2.80

      2.76

      405.57

      80.82

      UGE-S-25-384

      117.80

      122.30

      4.50

      4.48

      21.52

      10.46

      Including

      121.90

      122.30

      0.40

      0.40

      204.00

      52.20

      UGE-S-25-393

      No Significant Results

      FDNS

      Underground

      UGE-S-25-394

      247.10

      248.75

      1.65

      1.26

      6.20

      18.45

      FDNS

      Underground

      Including

      247.60

      248.05

      0.45

      0.34

      19.15

      55.50

      UGE-S-25-394

      254.05

      258.05

      4.00

      3.06

      10.17

      6.57

      Including

      256.70

      258.05

      1.35

      1.03

      28.44

      10.54

      UGE-S-25-395

      158.80

      160.20

      1.40

      0.99

      26.25

      18.24

      FDNS

      Underground

      Including

      158.80

      159.20

      0.40

      0.28

      89.80

      40.60

      UGE-S-25-395

      181.15

      184.85

      3.70

      3.69

      15.32

      10.87

      Including

      181.15

      182.40

      1.25

      1.25

      43.70

      18.02

      UGE-S-25-395

      217.45

      220.20

      2.75

      2.75

      6.37

      24.96

      Including

      217.45

      218.25

      0.80

      0.80

      16.05

      38.80

      UGE-S-25-395

      226.20

      229.60

      3.40

      3.40

      18.44

      21.85

      Including

      226.20

      227.20

      1.00

      1.00

      59.00

      54.60

      UGE-S-25-395

      257.65

      261.20

      3.55

      3.50

      11.08

      23.79

      Including

      260.70

      261.20

      0.50

      0.49

      41.30

      24.20

      UGE-S-25-395

      277.05

      279.05

      2.00

      1.97

      6.44

      6.08

      Including

      278.65

      279.05

      0.40

      0.39

      13.60

      15.80

      Table 2: Drillhole assay results from FDN East drilling program reported for thickness versus grade intervals above 8.37 (m x g/t Au >8.37).  Drill hole intercepts are reported in drill core lengths and true widths

      Hole ID

      From (m)

      To (m)

      Interval (m)

      True width (m)

      Au (g/t)

      Ag (g/t)

      Target

      Zone

      UGE-E-25-361

      137.40

      139.50

      2.10

      2.03

      42.41

      14.09

      FDN-East

      Underground

      Including

      138.10

      138.50

      0.40

      0.39

      220.00

      66.50

      UGE-E-25-361

      190.00

      196.70

      6.70

      6.55

      5.01

      5.82

      Including

      191.65

      192.20

      0.55

      0.54

      15.30

      8.20

      Including

      196.30

      196.70

      0.40

      0.39

      17.85

      7.70

      UGE-E-25-379

      172.00

      172.40

      0.40

      0.39

      15.55

      6.60

      FDN-East

      Underground

      UGE-E-25-379

      219.30

      222.40

      3.10

      3.05

      4.71

      4.57

      UGE-E-25-386

      No Significant Results

      FDN-East

      Underground

      UGE-E-25-389

      210.40

      211.90

      1.50

      1.36

      11.40

      4.13

      FDN-East

      Underground

      Including

      211.50

      211.90

      0.40

      0.36

      42.10

      14.40

      UGE-E-25-390

      221.10

      223.90

      2.80

      2.77

      6.01

      154.87

      FDN-East

      Underground

      UGE-E-25-390

      277.00

      285.15

      8.15

      8.12

      5.95

      16.67

      Including

      277.00

      277.40

      0.40

      0.40

      101.50

      47.90

      UGE-E-25-392

      No Significant Results

      FDN-East

      Underground

      UGE-E-25-401

      466.80

      472.25

      5.45

      -

      12.89

      17.47

      FDN-East Exploration

      Underground

      Including

      466.80

      468.25

      1.45

      -

      44.91

      54.23

      UGE-E-25-401

      479.50

      486.95

      7.45

      -

      12.75

      185.77

      Including

      485.15

      486.95

      1.80

      -

      47.67

      608.67

      UGE-E-25-401

      512.00

      513.00

      1.00

      -

      9.45

      7.70

      UGE-E-25-402

      157.50

      158.30

      0.80

      0.77

      101.71

      42.20

      FDN-East

      Underground

      UGE-E-25-405

      128.55

      130.90

      2.35

      -

      5.68

      2.80

      FDN-East Exploration

      Underground

      Including

      130.15

      130.90

      0.75

      -

      17.35

      5.80

      UGE-E-25-405

      346.00

      347.00

      1.00

      0.98

      13.25

      7.10

      FDN-East

      UGE-E-25-410

      No Significant Results

      FDN-East

      Underground

      UGE-E-25-419

      138.65

      139.90

      1.25

      0.98

      9.68

      6.84

      FDN-East

      Underground

      Including

      138.65

      139.05

      0.40

      0.98

      29.20

      16.90

      UGE-E-25-422

      Pending Results

      FDN-East

      Underground

      UGE-E-25-424

      No Significant Results

      FDN-East

      Underground

      UGE-E-25-425

      Pending Results

      FDN-East

      Underground

      UGE-E-25-427

      Pending Results

      FDN-East

      Underground

      Table 3: FDNS and FDN East Collar Drill Holes

      Hole ID

      Prospect

      Easting

      Northing

      Elevation

      Azimuth

      Dip

      EOH (m)

      Zone

      Year

      FDN-C25-322

      FDNS

      778221

      9582427

      1088

      100

      -70

      200.00

      Underground

      2025

      FDN-C25-323

      FDNS

      778222

      9582426

      1088

      135

      -27

      90.00

      Underground

      2025

      FDN-C25-324

      FDNS

      778221

      9582427

      1088

      128

      -63

      270.00

      Underground

      2025

      FDN-C25-327

      FDNS

      778211

      9582326

      1185

      141

      35

      177.90

      Underground

      2025

      FDN-C25-332

      FDNS

      778199

      9582348

      1089

      125

      -28

      160.00

      Underground

      2025

      FDN-C25-333

      FDNS

      778199

      9582348

      1089

      130

      -44

      149.90

      Underground

      2025

      FDN-C25-334

      FDNS

      778199

      9582348

      1088

      95

      -57

      120.00

      Underground

      2025

      FDN-C25-335

      FDNS

      778199

      9582348

      1088

      49

      -59

      250.00

      Underground

      2025

      FDN-C25-336

      FDNS

      778199

      9582348

      1090

      107

      -5

      150.00

      Underground

      2025

      FDN-C25-337

      FDNS

      778199

      9582348

      1090

      95

      -14

      156.20

      Underground

      2025

      FDN-C25-342

      FDNS

      778205

      9582143

      1192

      42

      -37

      118.10

      Underground

      2025

      FDN-C25-343

      FDNS

      778207

      9582428

      1181

      153

      3

      70.00

      Underground

      2025

      FDN-C25-344

      FDNS

      778211

      9582326

      1183

      161

      -3

      80.00

      Underground

      2025

      FDN-C25-345

      FDNS

      778222

      9582330

      1182

      72

      -40

      124.50

      Underground

      2025

      FDN-C25-346

      FDNS

      778194

      9582527

      1182

      360

      39

      73.10

      Underground

      2025

      FDN-C25-347

      FDNS

      778193

      9582527

      1180

      341

      5

      65.00

      Underground

      2025

      FDN-C25-348

      FDNS

      778193

      9582522

      1180

      218

      22

      70.00

      Underground

      2025

      FDN-C25-349

      FDNS

      778210

      9582331

      1185

      37

      40

      89.50

      Underground

      2025

      FDN-C25-350

      FDNS

      778222

      9582139

      1194

      89

      22

      165.00

      Underground

      2025

      FDN-C25-351

      FDNS

      778204

      9582143

      1193

      42

      -8

      145.70

      Underground

      2025

      FDN-C25-352

      FDNS

      778218

      9582534

      1086

      128

      -41

      170.00

      Underground

      2025

      FDN-C25-353

      FDNS

      778219

      9582535

      1086

      95

      -25

      130.00

      Underground

      2025

      FDN-C25-354

      FDNS

      778219

      9582536

      1086

      79

      -47

      90.00

      Underground

      2025

      FDN-C25-355

      FDNS

      778217

      9582533

      1085

      159

      -48

      140.00

      Underground

      2025

      FDN-C25-356

      FDNS

      778218

      9582534

      1085

      132

      -56

      190.00

      Underground

      2025

      FDN-C25-357

      FDNS

      778218

      9582534

      1085

      105

      -54

      166.10

      Underground

      2025

      FDN-C25-358

      FDNS

      778218

      9582534

      1088

      125

      15

      85.00

      Underground

      2025

      FDN-C25-359

      FDNS

      778202

      9582425

      1080

      120

      -64

      90.50

      Underground

      2025

      FDN-C25-360

      FDNS

      778200

      9582432

      1087

      71

      -45

      95.00

      Underground

      2025

      FDN-C25-361

      FDNS

      778221

      9582427

      1090

      65

      25

      74.00

      Underground

      2025

      FDN-C25-362

      FDNS

      778221

      9582428

      1091

      110

      37

      71.00

      Underground

      2025

      FDN-C25-363

      FDNS

      778176

      9582553

      1088

      328

      20

      130.00

      Underground

      2025

      FDN-C25-364

      FDNS

      778176

      9582553

      1087

      342

      5

      100.00

      Underground

      2025

      FDN-C25-365

      FDNS

      778176

      9582552

      1088

      308

      35

      70.00

      Underground

      2025

      FDN-C25-366

      FDNS

      778211

      9582662

      1083

      238

      -32

      100.00

      Underground

      2025

      FDN-C25-367

      FDNS

      778211

      9582662

      1083

      246

      -22

      130.00

      Underground

      2025

      FDN-C25-368

      FDNS

      778212

      9582662

      1086

      220

      30

      110.00

      Underground

      2025

      FDN-C25-369

      FDNS

      778211

      9582667

      1087

      308

      45

      60.00

      Underground

      2025

      FDN-C25-370

      FDNS

      778175

      9582550

      1086

      282

      -36

      110.00

      Underground

      2025

      FDN-C25-371

      FDNS

      778174

      9582680

      1085

      250

      27

      80.00

      Underground

      2025

      FDN-C25-372

      FDNS

      778174

      9582680

      1083

      255

      -15

      80.00

      Underground

      2025

      FDN-C25-373

      FDNS

      778199

      9582547

      1085

      100

      -50

      76.00

      Underground

      2025

      FDN-C25-374

      FDNS

      778192

      9582548

      1085

      130

      -55

      247.50

      Underground

      2025

      FDN-C25-375

      FDNS

      778219

      9582534

      1087

      115

      -10

      70.00

      Underground

      2025

      FDN-C25-376

      FDNS

      778215

      9582432

      1088

      340

      -32

      131.80

      Underground

      2025

      FDN-C25-377

      FDNS

      778192

      9582547

      1085

      154

      -47

      121.40

      Underground

      2025

      UGE-S-25-384

      FDNS

      778205

      9582136

      1194

      120

      5

      229.20

      Underground

      2025

      UGE-S-25-393

      FDNS

      778152

      9582828

      1221

      157

      -34

      210.00

      Underground

      2025

      UGE-S-25-394

      FDNS

      778151

      9582828

      1222

      170

      -5

      300.00

      Underground

      2025

      UGE-S-25-395

      FDNS

      778151

      9582828

      1221

      173

      -55

      350.00

      Underground

      2025

      UGE-E-25-361

      FDN - East

      778168

      9583295

      1271

      80

      9

      270.40

      Underground

      2025

      UGE-E-25-379

      FDN - East

      778168

      9583295

      1271

      60

      11

      265.00

      Underground

      2025

      UGE-E-25-386

      FDN - East

      778168

      9583296

      1272

      50

      23

      300.00

      Underground

      2025

      UGE-E-25-389

      FDN - East

      778167

      9583294

      1271

      90

      26

      448.80

      Underground

      2025

      UGE-E-25-390

      FDN - East

      778172

      9582956

      1271

      80

      7

      478.40

      Underground

      2025

      UGE-E-25-392

      FDN - East

      778171

      9582955

      1272

      115

      10

      508.00

      Underground

      2025

      UGE-E-25-401

      FDN - East

      778154

      9582829

      1223

      101

      8

      724.10

      Underground

      2025

      UGE-E-25-402

      FDN - East

      778168

      9583294

      1271

      90

      15

      500.30

      Underground

      2025

      UGE-E-25-405

      FDN - East

      778171

      9582955

      1271

      110

      -10

      457.50

      Underground

      2025

      UGE-E-25-410

      FDN - East

      778168

      9583294

      1270

      80

      0

      410.00

      Underground

      2025

      UGE-E-25-419

      FDN - East

      778168

      9583296

      1271

      66

      10

      450.00

      Underground

      2025

      UGE-E-25-422

      FDN - East

      778138

      9582952

      1028

      115

      -7

      775.40

      Underground

      2025

      UGE-E-25-424

      FDN - East

      778168

      9583295

      1270

      60

      0

      375.00

      Underground

      2025

      UGE-E-25-425

      FDN - East

      778172

      9582956

      1271

      70

      -8

      500.00

      Underground

      2025

      UGE-E-25-427

      FDN - East

      778154

      9582829

      1223

      110

      8

      647.80

      Underground

      2025

      SOURCE Lundin Gold Inc.

      For more information, please contact: Brendan Creaney, Vice President, Corporate Development & Investor Relations, Tel: +1-604-376-4595, [email protected]

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      Organization Profile

      Lundin Gold Inc.

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