Lincoln Gold Corp.
OTC Bulletin Board : LGCP

Lincoln Gold Corp.

May 03, 2007 13:17 ET

Lincoln Gold Corp.: Drilling Commences at JDS Gold Property, Cortez Trend, Nevada

CARSON CITY, NEVADA--(CCNMatthews - May 3, 2007) - LINCOLN GOLD CORP. (OTCBB:LGCP) is pleased to announce that its joint venture partner, Golden Odyssey Exploration Inc., has commenced reverse-circulation drilling on Lincoln's JDS gold property in the Cortez trend. Golden Odyssey may ultimately earn up to a 75% interest in the property from Lincoln Gold by conducting 6,000 ft of reverse-circulation drilling and by spending an additional US$3.5 million on the property.

The JDS property consists of 2.4 sq. miles in the Cortez trend, Eureka County, Nevada. The target is a gravel-covered pediment play on the southern flank of the northernmost Simpson Park Mountains. Geological, geophysical, and geochemical data suggest a buried fault block of favorable "lower plate" carbonate rocks cut by faults with an associated mercury soil gas anomaly. Recent drilling by Barrick Gold Exploration Inc., approximately 3 miles to the northwest of the JDS target, encountered 45 ft grading 0.237 opt gold between 1,920 ft and 1,965 ft. The concealed JDS target offers potential similar to other Carlin-type deposits discovered within the Cortez trend.

Lincoln Gold Corp. is a US-based gold exploration company located in Nevada with several projects in various stages of exploration including three properties in Nevada and one property in Mexico.


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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