2009-03-18 11:08 ET - News Release

Mr. Chet Idziszek reports

Lund Gold Ltd. has received the final summary report of work performed by Noront Resources Ltd. on the claims that are subject to an option to joint venture agreement in the Ring of Fire area of the James Bay Lowlands. As operator of the project, Noront performed two airborne surveys and ground-based, geophysical follow-up work that was designed to further detail two VTEM airborne anomalies that were identified. A diamond drilling program to test these two geophysical anomalies was carried out in December of 2008.

The drilling program consisted of two diamond drill holes that totaled 482.6 metres in length. Both targets were explained by narrow intercepts of disseminated to semi-massive sulphides, mostly in the form of pyrrhotite. The best result was a 0.85-metre interval that assayed 1.22 per cent zinc. The estimated cost of Noront's exploration on the property total approximately $300,000.