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Annual General Meeting of Lappland Goldminers AB held in Lycksele on May 30, 2006


May 31, 2006

Lycksele - The Income Statement and Balance Sheet, as well as treating the net loss for the fiscal period according to the proposal of the Board of Directors and as recommended by the company’s Auditor, were adopted at the Annual General Meeting. The members of the Board of Directors and the Managing Director were also discharged from liability for fiscal year 2005.

The ordinary members of the Board of Directors, Torsten Börjemalm, Tomas Björklund, Leif Carlson and Ulf Ericsson were re-elected. Tony Harwood was elected as a new member of the Board of Directors. George Salamis has declined re-election. Jan-Åke Uneé was re-elected as an alternate Board member. Erik Sjölund has declined to be re-elected as an alternate Board member. Torsten Börjemalm was re-elected as the Chairman of the Board.

Compensation to the Board of Directors in the amount of SEK 300,000, to be divided among the members of the Board, was approved at the Annual General Meeting.

A share split, whereby one (1) old share becomes five (5) new shares was approved at the Annual General Meeting. Record day is June 22, 2006.

To adapt to the new Swedish Companies Act editing changes to the Articles of Association was approved.

The Board of Directors was authorised to, on one or several occasions before the next Annual General Meeting, issue a maximum of 10 million new shares (after split 5:1), and decide on a waiver of shareholders’ rights of priority. The new issues shall be made against payment in the form of cash or assets.

About the company:
Lappland Goldminers AB is an exploration company, with the goal of becoming a producing mining company. The shares of Lappland Goldminers trade on the stock exchange “Nya Marknaden”, under the symbol GOLD. The company has secured a number of gold deposits along the Gold Line in Västerbotten. The company’s strategy is to develop a profitable, producing gold company with a centrally located concentrator that is supplied with ore from one or several mines.

For more information about Lappland Goldminers, please contact:
Karl-Åke Johansson, CEO
Tel. +46 950 275 01

Tomas Björklund, member of the Board
Tel. +46 70 662 35 35


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