Lincoln Gold Corp.

Lincoln Gold Corp.

March 24, 2005 10:58 ET

Lincoln Gold Corp.: Corporate Update



OTC Bulletin Board SYMBOL: LGCP

MARCH 24, 2005 - 10:58 ET

Lincoln Gold Corp.: Corporate Update

CARSON CITY, NEVADA--(CCNMatthews - March 24, 2005) - LINCOLN GOLD CORP.
(OTCBB:LGCP) Lincoln Gold is pleased to announce that it has completed
the 2nd tranche of the previously announced private placement. Lincoln
Gold Corp. has raised an additional US$ 947,400. The net proceeds from
this placement will be used for ongoing gold exploration work in Nevada
and for general working capital.

The Company has completed a detailed soil sampling program at the Hannah
project, located 18 miles west of Gabbs in Mineral County, Nevada. The
program comprised of the collection of 132 soil samples, which have been
sent in for assay testing. The Company plans to release results as soon
as they are available.

The Company has also staked an additional 85 new claims at the Jenny
Hill project for a total of 182 claims. The Jenny Hill property lies
on-trend between the Paradise Peak and Rawhide mines in a remote area of
Gabbs Valley. Two styles of gold mineralization are present on the
property; Carlin-type and gold skarn. Numerous samples have been
collected from the property that indicate the potential for significant
ore-grade gold mineralization. A partial ground magnetic survey reveals
major concealed structures which possibly control gold mineralization.
The Jenny Hill project has potential for bulk mineable gold
mineralization and is considered one of Lincoln's best properties.
Geological mapping is currently underway at the Jenny Hill property.

Lincoln now has the financing to proceed with its plans to aggressively
explore its several gold projects this year, including completion of
detailed surface work, geophysical programs, rock chip sampling and

Lincoln Gold Corp. is a 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.


Paul Saxton, President

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

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


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