LMG Lincoln Gold Mining Inc

Lincoln Mining Corporation, (TSX VENTURE:LMG) ("Lincoln" or the "Company")
announces that it has received a C$1,029,000 loan (the "Loan") to fund its
working capital requirements from Golden Dreams Limited Partnership ("GDLP"),
the general partner of which is controlled by Mr. Ronald K. Netolitzky, a
control person of the Company (see Lincoln's news release dated March 3, 2014
for further details).


The Loan is unsecured and evidenced by a promissory note with the principal
payable at the end of a two year term expiring May 7, 2016. Commencing November
7, 2014, the note bears interest at 6% per annum, calculated and payable on the
first day of each month during the remainder of the term, with the first
interest payment due on December 1, 2014. The Company may prepay the principal,
in whole or in part, at any time without penalty.


As Mr. Netolitzky beneficially owns or controls an aggregate of 46,000,000
common shares of the Company (including 37,800,000 common shares held by GDLP),
the Loan constitutes a "related party transaction" within the meaning of
Multilateral Instrument 61-101 Protection of Minority Security Holders in
Special Transactions ("MI 61-101"). The Company relied upon the exemptions from
the formal valuation and minority shareholder approval requirements in relation
to the Loan pursuant to sections 5.5(b) and 5.7(1)(f), respectively, of MI
61-101 on the basis that the Company is not listed on a senior stock exchange
and the directors determined that the Loan is on reasonable commercial terms
that are not less advantageous to the Company than if the Loan were obtained
from a person dealing at arm's length with the Company and the Loan is not
convertible, directly or indirectly, into equity or voting securities of the
Company or otherwise participating in nature.


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 and Bell Mountain gold properties 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.
and Lincoln Resource Group Corp., both Nevada corporations.


On behalf of Lincoln Mining Corporation

Paul Saxton, President & CEO 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lincoln Mining Corporation
Investor Relations
604-688-7377
604-688-7307 (FAX)
www.lincolnmining.com

Lincoln Gold Mining (TSXV:LMG)
Historical Stock Chart
From Jun 2024 to Jul 2024

Lincoln Gold Mining (TSXV:LMG)
Historical Stock Chart
From Jul 2023 to Jul 2024