Subscription period for the preferential rights issue of convertibles in Lappland Goldminers begins today April 7, 2010

On 7(th) of April 2010 the subscription period commences for the issue of
convertibles (convertible bonds) with preferential rights for the shareholders
in Lappland Goldminers AB:s (publ). The subscription period will be open until
April 21, 2010. Although the issue is structured with preferential rights for
the present shareholders, the general public will also have the opportunity to
hand in notice of subscription. As previously announced, the complete
convertible issue of just over 122 million SEK has been guaranteed, which will
cover the entire issue volume.

The issue
Shareholders registered on the record day 31(st) of March 2010 are entitled to
subscribe for 10 convertibles at 11 SEK/each for every 75 shares owned in the
company. The guaranteed issue will bring Lappland Goldminers an additional
122,213,674 SEK before issue costs.

The purpose of the issue is to add capital to Lappland Goldminers to be used for
further development of the company's business. This includes the completion of
the Feasibility Study for the company's main project, the future Fäboliden mine,
and the drilling programs at Ersmarksberget and Pahtavaara, both with the
intention to extend the mineral reserves and resources and secure long-term
mining production.

Guarantee commitments
Lappland Goldminers has received, as of February 18, 2010, written guarantee
commitments of totally SEK 122,213,674, which cover the entire issue amount.
Detailed information regarding guarantee commitments is disclosed in Lappland
Goldminers' prospectus.

The offer in brief

· Record day: 31 March 2010
· Subscription period: 7 - 21 April 2010
· Subscription price: SEK 11.00 per convertible
· The offer covers a maximum of 11,110,334 convertibles.
· Conversion of convertibles to new shares in the company may take place during
the periods 1 - 15 January, 1 - 15 May and 1 - 15 September each year beginning
1 January 2011 and ending 15 September 2013.
· The convertibles will run from 3rd of May 2010 with an annual interest based
on STIBOR 90 days plus six (6) percentage points with a maximum interest rate of
ten (10) percent during each interest period. Interest will fall due quarterly
in arrears with first payment 30th of June 2010.
· The new convertibles will be subject to trade at First North when the issue
has been registered by the Swedish Companies Registration Office.
· Trading with unit rights (subscription rights) will take place at First North
during the period 7 - 16 April 2010.
· No organised trade with BTU (paid allocated convertibles) will take place.


Complete terms and instructions regarding the issue are disclosed in the
prospectus written by Lappland Goldminers for the preferential right issue.


Prospectus, folder and notification form II

Prospectus and a 6 page folder have been available since 29(th) of March 2010 at
the company's web page www.lapplandgoldminers.com
<http://www.lapplandgoldminers.com/>. Due to the subscription period beginning
today, notification form II will also be found on the above mentioned web page.

Prospectus, notification form and issue statement will be distributed to
Lappland Goldminers AB's shareholders directly registered in Euroclear Sweden AB
beginning about April 6, 2010. Shareholders in Lappland Goldminers AB with
nominee registered shares will be instructed by the nominees.


For additional information:


 Ulf Ericsson, Chairman of   Kjell Larsson, CEO          Anders Haker, CFO
 the Board

 Tel. +46 70-529 09 59       Tel. +46 70-385 03 57       Tel. + 46 70-810 85 59

 ulf.ericsson@lgold.se       kjell.larsson@lgold.se      anders.haker@lgold.se
 <mailto:ulf.ericsson@lgold. <mailto:kjell.larsson@lgold
 se>                         .se>






Also visit: www.lapplandgoldminers.se <http://www.lapplandgoldminers.se/>

About Mangold Fondkommission: www.mangold.se <http://www.mangold.se/>




Lappland Goldminers AB is a producing mining company with significant
exploration activities. The Company is listed on the market place First North
Premier under the name GOLD, with Mangold Fondkommission AB as Certified
Adviser, as well as on the Norwegian OTC list. Lappland Goldminers' strategy is
to develop mineral deposits into profitable producing mines. The Company is
strategically positioned with the the fully permitted Fäboliden gold project and
the Ersmarksberget deposit and processing plant in northern Sweden. The
Pahtavaara gold operation is located in the north of Finland and the Haveri gold
deposit in the south of Finland. Lappland Goldminers is a member of SveMin, the
Swedish association for mines, minerals and metal producers, and follows
SveMin's reporting rules for public mining and exploration companies.



[HUG#1400946]