LGD Lund Enterprises Corporation

Lund Gold Ltd. (TSX VENTURE:LGD) has received a status update on the Ring of
Fire / McFauld's Lake Ontario project recently acquired under option from Noront
Resources Ltd. Noront, the project operator, has advised that an airborne survey
on the JV property is complete. The processing and initial report are under
preparation, and the report will propose a 2008 program and budget. Ground
exploration will be scheduled at that time. The initial report is expected
during the month of May.


Chet Idziszek, President and CEO of Lund, stated, "The recent completion of our
$2.5 million financing has provided abundant exploration funding for the Ring of
Fire project, which we will focus on this summer. We also will continue our
ongoing review of other attractive projects for potential acquisition."


The Company has provided Noront, the McFauld's Lake project operator, with $1
million as an advance to fund the 2008 program on the 13 claim, 169 unit
project, as provided for in the January 15, 2008 option agreement between Lund
and Noront.


The Company also advises that its option on the Carneirinho project in Brazil
terminated on April 30, 2008. A significant option payment became payable on
that date to maintain the option, and the Company believes its resources are
better directed at in-the-ground exploration expenditures, such as at the Ring
of Fire / McFauld's Lake project.


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

Cautionary Statement

This document contains "forward-looking statements" within the meaning of
applicable Canadian securities regulations. All statements other than statements
of historical fact herein, including, without limitation, statements regarding
exploration plans and our other future plans and objectives, are forward-looking
statements that involve various risks and uncertainties. Such forward-looking
statements include, without limitation, estimates of exploration investment and
the scope of exploration programs. There can be no assurance that such
statements will prove to be accurate, and future events and actual results could
differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from our expectations are
disclosed in the Company's documents filed from time to time via SEDAR with the
Canadian regulatory agencies to whose policies we are bound. Forward-looking
statements are based on the estimates and opinions of management on the date the
statements are made, and we do not undertake any obligation to update
forward-looking statements should conditions or our estimates or opinions
change. Forward-looking statements are subject to risks, uncertainties and other
factors, including risks associated with mineral exploration, price volatility
in the mineral commodities we seek, and operational and political risks. Readers
are advised not to place undue reliance on forward-looking statements.

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