Lappland Goldminers reports record gold production at Pahtavaara for the third quarter 2010.

  * Gold production at Pahtavaara during the third quarter was 7,198 ounces
    (2009 - 3,104 ounces). The highest quarterly production at Pahtavaara in the
    history of the company.
  * Gold grades in the ore delivered to the mill during the third quarter were
    significantly higher than previous quarters 2010.



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                             Three months ended Nine months ended Full year

                                  Sept 30            June 30

                                2010       2009    2010      2009      2009
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Pahtavaara

Gold production tr.oz          7 198      3 104  17 983    12 327    18 840

Gold production kgs              224         97     559       383       586

Ore mined, tonnes            122 318     71 056 363 834   192 558   307 009

Ore milled, tonnes           118 069     87 421 360 064   297 569   415 368

Gold grade*, grams per tonne    2,20       1,28    1,81      1,47      1,64

Gold recovery, %                87,8       87,3    87,2      87,4      87,0
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* Run of Mine (ROM)



Operating highlights at Pahtavaara during the third quarter 2010

Gold  grades in the ore  delivered to the mill  (ROM) recovered during the third
quarter  and were significantly  higher than during  the second quarter. This is
due to previous work and planning which made mining of a richer ore higher up in
the mine possible.

Mining and milling operations performed well during the quarter.

On September 16 a fire broke out in the mine when a maintenance container caught
fire  and as  a result  heavy smoke  developed. No  staff injuries  occurred and
damages  on material were  limited. The production  in the mine  could resume on
September  18. The temporary halt in mine  production had very limited affect on
gold production as feed to the mill could be taken from inventory of ore kept at
surface level during the period mine production was halted.

The  gold grades of  the ore delivered  to the mill  continue to be difficult to
predict. This is due to that there are currently few access points to the richer
ore  which makes the production sensitive to disturbances as well as varied gold
grades in the ore bodies.

Considering  the  high  production  during  the  third  quarter  and  under  the
assumption  there  are  no  disturbances  of  production, as occurred during the
second  quarter, the  company believes  the total  gold production for 2010 will
reach at least 22,500 ounces (700 kgs).


For additional information:

Kjell Larsson, CEO                     Anders Haker, CFO

Tel. +46 950-275 06, + 46 70-385 03 57 Tel: +46 70-810 85 59

kjell.larsson@lgold.se                 anders.haker@lgold.se



Also visit: www.lapplandgoldminers.com
About Mangold Fondkommission: 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#1450746]