Lincoln Gold Corp.
OTC Bulletin Board : LGCP

Lincoln Gold Corp.

November 07, 2006 14:47 ET

Lincoln Gold Completes Soil Survey on La Bufa Property, Chihuahua, Mexico

CARSON CITY, NEVADA--(CCNMatthews - Nov. 7, 2006) - LINCOLN GOLD CORP. (OTCBB:LGCP) is pleased to announce that it has completed a soil survey on its La Bufa property in the Guadalupe y Calvo district in southwest Chihuahua State, Mexico. Here, Lincoln is earning into three large concessions owned by Almaden Minerals Ltd. that total 2,291 hectares. The soil survey covers the southern strike extension of the historic El Rosario gold-silver vein system controlled by Gammon Lake Resources. Soil sampling covered an area 1600 m long and 500 m wide with 33 sample lines on 50 m spacing and sample stations on 25 m spacing. Assaying was conducted by an ISO-certified laboratory in Canada for gold and 34 elements. Results reveal at least eight significant gold anomalies that warrant follow-up work. Previous core drilling in the vicinity of one gold anomaly by Grid Capital Corp. in 2004 encountered multiple quartz veins with intercepts up to 1.82 m grading 9.00 gpt gold and 447 gpt silver.

In regard to continued work on the La Bufa property, Lincoln has recently completed aerial photography over the entire Guadalupe y Calvo district and will be producing a topographic base map suitable for detail geologic mapping and future drilling operations.

Lincoln Gold Corporation is a US-based gold-silver exploration company located in Carson City, Nevada with four projects in various stages of exploration. Lincoln Gold presently owns or has options to acquire 100% interest in three projects in Nevada, all with potential for discovery of large gold-silver deposits, including JDS, Jenny Hill and Hannah.

LINCOLN GOLD CORP.

Jeffrey Wilson, Vice President 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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