Major shareholders increase their ownership

After closing the right issue of Arctic Gold the major shareholder Markus Elsasser has 24,6 % of the shares through his company and Tord Cederlund has 20,0 % of the shares. Both these investors have invested more in Arctic Gold and believe in future shareholder value.

-We believe in Norway as mineral producer and wishes that the legislation will settle and that people living in the municipal as well as people working with reindeer husbandry will recognize the advantages when Arctic Gold invest heavily in Bidjovagge, says Tord Cederlund.

For further information, please contact the company's CEO and Qualified Person as per SweMin as well as Europe Geologist.

Lars-Åke Claesson
CEO
Arctic Gold AB
46 18 156423
46 70 6733294
claesson@arcticgold.se
www.arcticgold.se

Arctic Gold's business concept is to engage in exploration activities to discover and demonstrate commercially extractable gold and base metal deposits in Scandinavia. The strategy is primarily to carry out exploration work and either sell the project within a few years or to establish mining activities under the company's own control or through a partnership with other companies. Arctic Gold focuses mainly on the Bidjovagge project in northern Norway and current gold and base metal permits in Västerbotten and Norrbotten. Arctic Gold's shares are listed on NASDAQ OMX First North under the ticker ARCT. Certified Adviser is Redeye. More information about company is available at www.arcticgold.se.