Lappland Goldminers AB plans listing on NASDAQ OMX Nordiska Börs and strengthens the Group Management Team with a new CFO

12/10/2009, 8:30 AM (Source: GlobeNewswire)
The Board of Directors of Lappland Goldminers AB has decided to
commence the process of applying for a listing of its shares on
NASDAQ OMX Nordiska Börs during 2010. At present, Lappland Goldminers
AB is traded on First North Premier.

Ulf Ericsson, Chairman of the Board: "The future listing of the
company's shares on NASDAQ OMX Nordiska Börs is a step for Lappland
Goldminers' development towards its goal to become a leading gold
producing mining company in Scandinavia. We estimate that a stock
exchange listing will improve the chances to broaden the
institutional ownership of the Company and give us a better access to
the capital market. This will be valuable and give the Company a
better flexibility in the continued development of the main mining
project Fäboliden",

As a step in the listing process, and in order to further strengthen
the competence of the Company concerning financing, reporting and
market communication, Lappland Goldminers AB has appointed Anders
Haker as new Chief Financial Officer (CFO). Anders Haker will be
responsible for the the financial department of the Group and be part
of the Group Management Team. He will assume his position as CFO at
Lappland Goldminers AB on January 4, 2010.

Kjell Larsson, the Company's CEO: "We are very pleased to be able to
appoint a person with such long experience and qualifications from
listed companies within the mining industry as Anders and we are
looking forward to working with him in the exiting challenges which
Lappland Goldminers will face in the coming years".

Anders Haker has more than 20 year's professional experience in
accounting and financing. He is a graduate of the University of
Uppsala and holds a Bachelor of Business Administration. Anders Haker
was formerly Senior Vice President and Chief Financial Officer for
Lundin Mining Corporation and has previously held the same position
for Boliden AB. Anders Haker has extensive experience in the
financial field including accounting, debt and equity financing,
stock listings, investor relations and financial reporting.

For additional information:

Kjell Larsson, CEO Ulf Ericsson, Chariman of the
Ph. +46 (0)950-275 06, +46 (0)70-385 03 Ph. +46 (0)70- 529 09 59

Also visit:

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 Blaiken Gold Operation and the fully permitted Fäboliden
Gold Project in northern Sweden, with the Pahtavaara Gold Operation
in the north of Finland and with gold deposits in the Haveri area 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

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

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