LMG Lincoln Gold Mining Inc

Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company")
announces its plans to conduct a non-brokered private placement of up to
5,000,000 units at a price of $0.10 per unit ("Units") for total proceeds of up
to $500,000. Each Unit will be comprised of one common share of the Company and
one half of one non-transferable common share purchase warrant. Each whole
purchase warrant will entitle the holder to acquire one additional common share
of the Company at a price of $0.22 per share for a period of two years from
closing.


As compensation, qualified persons acting as finders in connection with the
private placement ("Finders") will receive a cash commission of 7% of the
proceeds raised and non-transferable warrants equal to 7% of the total number of
Units sold to persons introduced to the Company by the Finder. Each such warrant
will entitle the holder to acquire one common share of the Company at a price of
$0.22 per share for a period of two years from closing.


Lincoln intends to use the proceeds raised from the private placement to advance
the work programs on its mineral projects and for general working capital
purposes.


All securities issued under the private placement will be subject to a four
month hold period from the closing date under applicable Canadian securities
laws, in addition to such other restrictions as may apply under applicable
securities laws of jurisdictions outside Canada. The private placement is
subject to all necessary regulatory approvals including from the TSX Venture
Exchange.


Lincoln Mining Corp. is a Canadian precious metals exploration and development
company with several projects in various stages of exploration and development
which include the Pine Grove gold property in Nevada, the Oro Cruz gold property
in California and the La Bufa gold-silver property in Mexico. In the United
States, the Company operates under Lincoln Gold US Corp., a Nevada corporation.


On behalf of Lincoln Mining Corporation

Paul Saxton, President & CEO

THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL
STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE,
INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING FUTURE PLANS AND OBJECTIVES
OF LINCOLN IN RELATION TO COMPLETING A PRIVATE PLACEMENT ARE FORWARD-LOOKING
STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO
ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND
FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS.
IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE
COMPANY'S PLANS OR EXPECTATIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING IN
CONNECTION WITH THE COMPANY'S PROPOSED NON-BROKERED PRIVATE PLACEMENT, GENERAL
ECONOMIC, MARKET OR BUSINESS CONDITIONS, FLUCTUATING METAL PRICES, REGULATORY
CHANGES, TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS
DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY. THE
COMPANY MAKES ALL REASONABLE EFFORTS TO UPDATE ITS CORPORATE MATERIAL,
DOCUMENTATION AND FORWARD-LOOKING INFORMATION ON A TIMELY BASIS.

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