Lincoln Gold Corp.
OTC Bulletin Board : LGCP

Lincoln Gold Corp.

June 28, 2005 06:00 ET

Lincoln Gold Continues Exploration in Nevada

CARSON CITY, NEVADA--(CCNMatthews - June 28, 2005) - LINCOLN GOLD CORP. (OTCBB:LGCP) is pleased to announce that it is continuing exploration on its gold properties in Nevada. The first round of drilling at the Hannah gold property in Churchill County consisting of 11 holes has been completed for a total footage of 4,815 ft. Assays remain pending. The Company's first drill program is planned to commence in early July on the Lincoln Flat gold property in Lyon County near the mining town of Yerington. Nine reverse-circulation holes for a total footage of 4,500 ft are planned to test multiple surface rock-chip and soil gold anomalies.

A mercury soil gas survey is planned to begin in early July on the Company's JDS gold property in the Cortez Trend, Eureka County. Soil gas measurements will be collected from approximately 250 stations. The property is underlain by lower plate carbonate strata and possible intrusive rocks indicated by gravity and magnetic data. The soil gas survey is designed to identify mercury anomalies that may be related to buried Carlin-type gold deposits.

Results from 149 new soil samples were received for the Jenny Hill gold property in Mineral County, approximately 16 miles west of the small town of Gabbs. Over 350 soil samples reveal several strong soil gold anomalies in the southern portion of the claim block in the vicinity of known skarn mineralization. Interpretation of recently acquired ground magnetic and gravity data remains in progress. Jenny Hill offers potential for both Carlin-type and skarn-type gold deposits.

Company geologists continue to review new gold opportunities in Nevada, Utah, Arizona, California and Mexico. The Company expects to acquire one or two new properties in the near future.

Lincoln Gold Corp. is a US based gold exploration company focused in Nevada with several gold exploration 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 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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