Lincoln Gold Corp.
OTC Bulletin Board : LGCP

Lincoln Gold Corp.

July 07, 2005 10:33 ET

Lincoln Gold Begins Drilling at Lincoln Flat Gold Property, Nevada

CARSON CITY, NEVADA--(CCNMatthews - July 7, 2005) - LINCOLN GOLD CORP (OTCBB:LGCP) is pleased to announce that it has commenced drilling on the Company's 100%-controlled, early-stage Lincoln Flat gold property in the southern Singatze Range, approximately 8 miles northwest of the copper mining town of Yerington, NV. Lincoln plans to drill 9 reverse-circulation holes using a track-mounted drill rig for a total footage of at least 4,500 feet. Drilling will focus on 5 areas defined by anomalous gold in bedrock and soils. Four holes will test a gold-hematite breccia target in the immediate vicinity of the old "Iron Cap" exploration adit where dump material contains ore-grade gold. Favorable hematite breccia is exposed at the surface on a hill behind the old workings and the mineralized area has never been drilled. Two angle holes are planned to test a structural zone approximately 1400 feet northeast of the "Iron Cap" target. The structural zone locally contains gold values in bedrock exceeding 1 ounce per ton and was exploited in the 1930's by shallow underground workings; this target has never been drilled. Exploration drilling will also test 3 geochemical gold targets that are widely spaced on the claim block, where property access and logistics are excellent.

In addition, on July 5, Lincoln initiated a mercury soil gas survey on its JDS gold property in the Cortez Trend, Nevada. Mercury soil gas has been demonstrated to accumulate over Carlin-type gold deposits within the Trend. Eight survey lines consisting of a total of about 250 sample stations will traverse the property. Work should be completed about mid-July and results will be plotted in an effort to help determine drill targets over buried "lower plate" host rocks which are favorable for large gold deposits.

Lincoln Gold Corp. is a US based gold-silver exploration company located in Nevada with several projects in various stages of exploration. Lincoln Gold presently owns, or has options to acquire a 100% interest in five projects in Nevada, all with potential for discovery of large gold-silver deposits, including: Buffalo Valley, JDS, Jenny Hill, Hannah, and Lincoln Flat.

LINCOLN GOLD CORP.

Jeffrey Wilson, Vice President Exploration and COO

This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. This news release may contain information about adjacent properties on which we have no right to explore or mine. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:

(i) the inability of the Company to complete the acquisition of any interest in any new mineral exploration properties;

(ii) the inability of the Company to achieve the financing required to pursue the acquisition of exploration of any new mineral properties;

(iii) the inability of the Company to complete the acquisition of Lincoln Gold;

(iv) the inability of the Company to raise the financing necessary to conduct exploration of the Lincoln Gold properties; and

(v) the presence of commercial mineralization on the Lincoln Gold properties.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

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