Lundin Gold Inc. ($LUG)

Welcome to the Annual General Meeting of the Shareholders of Lundin Gold. I am Jack Lundin, Board Chair of Lundin Gold. Today's meeting is being held as a hybrid meeting, taking place online and in person in Vancouver, BC in order to facilitate increased shareholder attendance and participation. The matters to be considered today as set out in our circular are: one, the receipt of Lundin Gold's 2025 financial statements; two, the reappointment of PwC as the company's auditors for another year; three, the election of directors; four, a say-on-pay vote and five, any other matters early brought before the meeting. In accordance with the bylaws of the company, I will act as Chair of the meeting; and Rachel Tilden, Director, Legal and Corporate Secretary, will act as Secretary of the meeting. With the consent of the meeting, Marissa Ventana of Computershare will act as scrutineer of this meeting. If you have an objection or question regarding the appointment of the scrutineer. Real attendees now have 5 seconds to submit your objection via the message link and in-person attendees may raise their hand ourselves and the shareholder you represent for the scrutineer to record. As no objections have been received, I will now move to the constitution of the meeting. Would the secretary please assure us that the meeting has been properly called.

The notice of this meeting, together with the form of proxy and Management Information Circular have been made available to each director of the company, the auditors of the company, and each intermediary and registered shareholder of common shares of the company on record on March 16, 2026, which was the record date for this meeting. PAUSE These documents are available for any shareholder to read. Therefore, Mr. Chair, this meeting has been properly called.

Unless there are any objections, we will dispense with the reading of the notice of meeting. As no objections have been received, I dispense with the reading of the notice and will now move to the scrutineer's report and quorum of the meeting. I am [ advisant ] that lately called and properly constituted for the transaction of business. PAUSE Before we consider the business of the meeting, as this meeting is in a hybrid format, I would like to comment on the voting procedures and questions relating to matters of business. To facilitate the formal business of the meeting, Rachel Tilden and Chester See will propose or second the formal motions. Shareholders and duly appointed proxy holders attending in person may ask questions with respect to motions by raising their hand. Questions for those shareholders and duly appointed proxy holders participating online can ask using the Lumi platform. At any time during the meeting, duly appointed proxy holders and registered shareholders attending online who have not already provided voting instructions or appointed a proxy holder that are logged on and wish to vote their shares may do so using the Lumi platform. The polls are now open and will remain open until just before the conclusion of the formal business of the meeting. If you are a shareholder or a proxy holder attending online and you have voted your shares prior to the start of the meeting, your vote has been received by the scrutineer and there is no need to vote those shares in the meeting. Any votes cast by electronic ballot or in-person will supersede any votes previously submitted by proxy.. With the reading of the minutes of the last Annual General Meeting, I will proceed to the next item of business. As the next item of business, I now present the audited financial statements of the company and the report of the auditors thereon for the year ended December 31, 2025. The audited financial statements and auditor's report have been previously distributed to shareholders who requested such statements. Are there any questions dealing -- are there any questions dealing with the financial statements or the audit -- 5 seconds to submit your question via the message link starting now. As there are no questions, I will appointment and remuneration of auditors. So the next item of business is the appointment of auditors of the company for the ensuing -- for the ensuing year and to authorize the directors of the company to fix the remuneration of the auditors. It is proposed that PricewaterhouseCoopers be appointed as the auditors of the company. Accordingly, I ask for a motion that PricewaterhouseCoopers be appointed auditors of the company until the next Annual Meeting of the Shareholders and that the Board be authorized to fix their remuneration. And then PAUSE SP999 You second that motion? Are there any questions? You have 5 seconds to submit your question via the message link starting now. As there are no questions, I would now ask those shareholders and proxy holders who have not already done so to vote. The results of today's voting will be announced at the end -- we will now proceed with the election of directors for the coming year. The circular, which was made available to shareholders through notice and access contains the names of and information about management's nominees to the Board of Directors. I now declare the meeting open for nominations for directors.

I would like to nominate Jamie Back, Carmel Daniel, Gillian Davidson, Ian Gits, Melissa Harman, Ashley Honda PAUSE Scott Langley, Jack Lundin and Aaron Workman, all to be directors of the company to hold office until the next AGM or until their successors are elected, subject to the provisions of the company's bylaws. According to the company's bylaws, the company must receive advanced notice of nominations of directors by shareholders. The company did not receive notice of any director nominations in connection with this year's meeting within the time periods prescribed by the bylaws. Accordingly, the only persons eligible to be nominated for election to the board are the nominees named in the circular.

I now ask for a motion that the proposed nominees be elected as directors of the company. Next item of business is to consider, and if thought fit, approve a nonbinding advisory resolution approving the company's approach to executive compensation. The company's compensation discussion and analysis is set out on Pages 47 through 72 of the circular. The next -- the full text of the resolution is set out on Page 13 of the circular. approving the company's approach to executive compensation. Are there any questions? Virtual attendees. You have 5 seconds to submit your question via the message link starting now. As there are no questions, I would now ask those shareholders and proxy holders who have not already done so to vote. For all resolutions will be summarized at the end of the meeting. That concludes the items of business set out in the notice of meeting. For virtual attendees, the polls are still open. And if you are a registered shareholder or proxy holder and have not submitted your vote by ballot or proxy, please do so now by selecting the applicable voting option on the voting panel. We will pause for 15 seconds to permit voting before closing the polls on all items of business. Voting on all motions have now closed I have been advised by the scrutineer that the proxies deposited for the meeting have been voted in favor of all resolutions and that the requisite majorities have been obtained for the election of the nominated directors and the appointment of auditors. In addition, the shareholders have voted for, on a nonbinding advisory basis, the company's approach to executive compensation as set out in the circular. Results of in-person votes and votes compiled through the polls taken be included with the minutes of this meeting and be posted on the company's SEDAR Plus at www.sedar.ca after this meeting. The formal items of business for this meeting have now been dealt with. Is there any further business for virtual attendees if you would like to raise any further business at this meeting, you can do so by using the message link. You have 5 seconds to submit any further business using the message link. As there is no further business, and unless there is any objection from those in attendance at this meeting, I shall now declare the formal meeting terminated. information session following the meeting today. However, Lundin Gold's quarterly results call was held yesterday. If you were unable to attend and would like to listen to the call or access the webcast, we invite you to visit the Investors page on Lundin Gold's website where the recording and related materials will be available later today. Thank you again for your ongoing trust and investment in our company.