Lincoln Gold Corp.
OTC Bulletin Board : LGCP

Lincoln Gold Corp.

August 30, 2007 17:51 ET

Lincoln Gold Corp.: Private Placement

CARSON CITY, NEVADA--(Marketwire - Aug. 30, 2007) - LINCOLN GOLD CORP. (OTCBB:LGCP) announces that it has closed a non-brokered Private Placement and issued a total of 4,250,000 units at a price of US$0.10 per unit for total proceeds of US$425,000. Each unit is comprised of one share of common stock and one share purchase warrant. Each Warrant entitles the purchaser to one additional common share at a price of $0.15 per share and is valid for a period of two years from closing.

The funds will be used for general corporate purposes including land acquisition and exploration.


Paul Saxton, President and CEO

Statements contained in this news release which are not historical facts are forward-looking statements, subject to uncertainties and risks. For a discussion of the risks associated with the Corporation's business, please see the documents filed by the Corporation with the SEC.

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