Bitfury Thursday, 08/11/16 11:54:47 PM Re: None Post # of 12 Lorito Holdings S.à.r.l. ("Lorito") and Zebra Holdings and Investments S.à.r.l ("Zebra") 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, two companies controlled by a trust settled by the late Adolf H. Lundin, announced today that they had participated in an offering (bought deal financing) announced by Lundin Gold Inc. (TSX:LUG) ("Lundin Gold") on June 27th, 2016 pursuant to which each had acquired 2'000'000 common shares of Lundin Gold for a consideration of CDN$5.50 per common share. Upon completion of these acquisitions, Lorito and Zebra will hold 5'009'167 and 30'653'600 common shares respectively of Lundin Gold representing approximately 4.23 % and 25.86 % respectively of the issued capital of Lundin Gold. The common shares were acquired in the second tranche of the bought deal financing which closed on August 9th, 2016. Lorito and Zebra are joint actors with respect to their holdings in Lundin Gold and have acquired the common shares for investment purposes. Each of Lorito and Zebra may from time to time increase or decrease their investment in Lundin Gold depending upon the business and prospects of Lundin Gold and depending upon future market conditions. A copy of the Early Warning Report filed pursuant to National Instrument 62-103 may be obtained from Sandy Kansky, 1-604-806-3574. Mr. Aksel Azrac Lorito Holdings S.a.r.l. Zebra Holdings and Investments S.a.r.l. 40, Boulevard Grande Duchesse Charlotte L-1330 Luxembourg Telephone: + 352 26 30 27 70 / Fax: + 352 27 44 93 80 ® 2016 Nasdaq, Inc. All rights reserved.