# LUNDIN GOLD DRILLS 491.62 G/T AU OVER 5.20M; EXPLORATION CONFIRMS LARGER MINERALIZED SYSTEMS AT BOTH FDNS AND FDN EAST *2025-11-20T19:00:00-05:00* LUNDIN GOLD DRILLS 491.62 G/T AU OVER 5.20M; EXPLORATION CONFIRMS LARGER MINERALIZED SYSTEMS AT BOTH FDNS AND FDN EAST Canada NewsWire [](https://mma.prnewswire.com/media/2829094/Lundin_Gold_Inc__LUNDIN_GOLD_DRILLS_491_62_G_T_AU_OVER_5_20M__EX.html) VANCOUVER, BC, Nov. 20, 2025**/**CNW/ -**Lundin Gold Inc.**(TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)**("Lundin Gold" or the "Company")**announces strong results from its conversion and near-mine exploration drilling programs at its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador. The Company has completed the 2025 conversion program at Fruta del Norte South("FDNS") on a portion of the existing Inferred Mineral Resource, advancing engineering studies toward an initial Mineral Reserve estimate in early 2026. In addition, exploration drilling continues to return strong results at FDNS and FDN East, confirming larger mineralized systems and providing confidence in their potential for future growth. Highlights from drilling programs at FDNS and FDN East are outlined below, with detailed results provided in Appendix 1. [PDF Version](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4564086-1&h=904104763&u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2829095%2F2025_11_20___LUNDIN_GOLD_DRILLS_491_62_GT_AU_OVER_5_20M__EXPLORATION_CONFIRMS_LARGER_MINERALIZED_SYS.pdf&a=PDF+Version) Jamie Beck, President and CEO, commented_, __"I'm pleased to report outstanding results from our 2025 programs, which continue to demonstrate the significant potential around Fruta del Norte. At FDNS, the conversion program achieved the highest-grade intercept ever drilled, a major milestone as we advance toward an initial Mineral Reserve estimate early next year—less than two years since discovery. Exploration drilling also confirms that FDNS is a larger mineralized system and now, FDN East emerges as a new epithermal vein deposit near existing infrastructure, offering meaningful upside. Based on these successes as well as the results on the emerging porphyries, we expanded our 2025 drilling program to a minimum of 120,000 metres with 17 rigs, the largest program ever undertaken on the FDN land package."_ **FDNS Conversion Program Drilling Highlights (not true widths):** - Drill hole FDN-C25-305 intersected 491.62 grams per tonne ("g/t") of gold ("Au") over 5.20mfrom 40.60m, including: - 2,286 g/t Au over 1.10m - Drill hole FDN-C25-260 intersected 41.46 g/t Au over 6.30mfrom 59.60m, including: - 469.0 g/t Au over 0.50m - Drill hole FDN-C25-261 intersected 22.76 g/t Au over 10.50mfrom 80.0m, including: - 83.38 g/t Au over 1.95m - Drill hole FDN-C25-259 intersected 33.71 g/t Au over 6.30mfrom 38.90m, including: - 485.0 g/t Au over 0.40m Drill results confirmed the gold mineralization with several outstanding intercepts and defined new mineralized zones within the main vein system. The 2025 conversion program targeted a portion of the existing Inferred Mineral Resource. Engineering studies and mine design are well advanced to support an initial Mineral Reserve estimate in Q1 2026 as well as inclusion into FDN's long term mine plan. **FDNS Exploration Program Drilling Highlights ****(not true widths):** - Drill hole UGE-S-25-338 intersected 23.23 g/t Au over 7.70mfrom 51.35m, including: - 329.0 g/t Au over 0.40m - Drill hole FDN-C25-325 intersected 55.78 g/t Au over 3.15mfrom 283.45m, including: - 256.0 g/t Au over 0.65 Exploration drilling at FDNS continues to return strong results and has expanded the limits of the deposit and confirmed a larger mineralized system than previously understood, providing confidence in further growth potential. **FDN East Exploration Program Drilling Highlights (not true widths):** - Drill hole UGE-E-25-328 intersected 14.10 g/t Au over 10.80 mfrom 332.00mincluding: - 56.09 g/t Au over 2.40m - Drill hole UGE-E-25-360 intersected 9.27 g/t Au over 15.05mfrom 226.35m, including: - 17.51 g/t Au over 4.20m The initial geological model reveals an emerging epithermal vein-type deposit located approximately 100 metres east of FDN's current underground infrastructure. Recent intercepts highlight meaningful potential for further growth, with multiple subparallel veins extending 500 metres along the north-south direction and remains open for expansion. **DRILLING PROGRAMS** Lundin Gold'snear-mine exploration strategy is focused on extending mine life by identifying and delineating new mineralized zones close to FDN's operations. Over recent years, these programs have driven resource growth and led to the discovery of new sectors, contributing to Mineral Reserve expansion since commercial production was achieved, ultimately resulting in successful Reserve