Lund Starts Exploration at Don-Don Project

VANCOUVER, BRITISH COLUMBIA, Oct 29 (MARKET WIRE) --
Lund Gold Ltd. (TSX VENTURE: LGD) has commenced exploration at its newly
optioned Don-Don Property, accessible by road 250 kilometres north of Ft.
St. James and located in the Omineca Mining Division of British Columbia.
The 6,105-hectare property is situated in the northern Quesnel Trough,
the structural stratigraphic corridor that hosts the producing Kemess
mine, the advanced Mt. Milligan mine project, Amarc Resource Ltd.'s
("Amarc") contiguous Pinchi Project and Serengeti Resources's recently
discovered Kwanika deposit (45 kms to the south).

A large northwest trending, coincident airborne magnetic and ground
induced polarization (IP) geophysical anomaly on Amarc's adjacent Pinchi
project property has been targeted in their recent drill program. This
prominent geophysical target coincides with a portion of the Pinchi Fault
where intrusive phases of the Hogem Batholith have been found to host
copper-gold mineralization. Approximately 600 metres of this coincident
I.P. chargeability/magnetic anomaly appears to be open to depth to the
southwest, potentially extending onto the northern portion of the Don-Don
property. A second, nearby sub parallel northwest trending magnetic
anomaly, which may represent a slice of the Hogem intrusive rocks has
also been identified.

In addition, Lund has contracted Kit Campbell of Intrepid geophysics to
complete a review of the available public, regional geophysical,
geochemical and remote sensing data for the area. Five EM anomalies were
identified to occur within an overall anomalously (20 by 10 kilometre)
conductive zone within the central and southern portion of the Don-Don
property. Higher resolution aeromagnetic data has also identified a
number of linear features, possibly related to structures or lithological
contacts and smaller, possibly intrusive related, magnetic signatures.

The above anomalies constitute the first generation of exploration
targets to be evaluated. Lund's initial exploration program, now
underway, will consist of 20 kilometres of line cutting, induced
polarization (IP) and ground magnetic surveys followed by at least 1,000
metres of diamond drilling.

Prospective rocks of the Quesnel Trough cut through central British
Columbia from the U.S. border north to the Stikine River and host most of
the province's producing copper mines and advanced deposits. This
2,000-km-long belt is known as a prime exploration ground for alkalic
copper-gold-silver deposits and calc-alkaline porphyry copper-molybdenum
deposits, but is also prospective for other mineral deposit types. The
diverse mineral potential and new mineral discoveries within the Quesnel
Trough have made it attractive for exploration and Lund is pleased to be
active in British Columbia's most productive mineral belt.

To find out more about Lund Gold Ltd. (TSX VENTURE: LGD), visit our
website at www.lundgold.com.

On behalf of the Board of Directors of LUND GOLD LTD.

Chet Idziszek, President

Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

Contacts:
Lund Gold Ltd.
David Scott
Investor Relations
(604) 331-8772 or Toll-free (877) 529-8475
(604) 331-8773 (FAX)
dscott@mine-tech.com
www.lundgold.com

Copyright 2009, Market Wire, All rights reserved.

-0-