Positive information meeting in Bidjovagge

An information meeting was held in Kautokenio on June 20 with the parties concerned as part of the work with a Planning Program that Ramböll in Alta already has completed several steps of. At the meeting Arctic Gold and Ramböll informed about the plans for the mining operations so that the municipalities, Fylken, Sametinget, the reindeer farmers, the land owners, local hunting and fishing associations and others could contribute their viewpoints.

The planning program will be finalized by the two municipalities concerned during this fall. After this all required impact assessments will be done and summarized in a "Regleringsprogram" (regulating program) in accordance with the Planning and Construction law. This work has now also been ordered from the technical consulting company Ramböll, and will be carried out according to a time plan up to the end of 2012.

Many positive views were forwarded at the meeting, especially regarding the expectations for new employment opportunities, but also some worries regarding the impact on the reindeer farming. During the visit to the mining area following the meeting, there were discussions regarding how the mining operations should be planned as well as several aspects concerning how the reindeer farming and the mining operations will be able to co-exist.

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

Lars-Åke Claesson                                  

Chief Executive Officer                          

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.