LPT Capital Ltd.

Lincoln Gold Corp.
OTC Bulletin Board : LGCPF

Lincoln Gold Corp.

February 17, 2009 17:05 ET

Lincoln Gold Corporation and LPT Capital Ltd. Provide Update on Business Combination

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2009) - Paul Saxton, representing Lincoln Gold Corporation ("Lincoln") (OTCBB:LGCPF) and Philip Walsh, representing LPT Capital Ltd. ("LPT") (TSX VENTURE:LPC.P), are pleased to provide this update on the status of their proposed business combination further to the joint news release dated January 22, 2009.

The meeting of Lincoln shareholders and the meeting of LPT shareholders in connection with the business combination are each scheduled to be held on February 18, 2009.

Lincoln and LPT have agreed to an extension to the transaction closing deadline to no later than April 30, 2009 and have entered into an amending agreement to reflect this extension. The amending agreement also clarifies a technical provision in the definition of "Effective Date" contained in the plan of arrangement and the arrangement agreement. A copy of the amending agreement is available under the companies' profiles at www.sedar.com.

On behalf of LPT Capital Ltd.

Philip J. Walsh, President & CEO

On behalf of Lincoln Gold Corp.

Paul Saxton, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Lincoln Gold Corporation
    Paul Saxton
    (604) 688-7377
    LPT Capital Ltd.
    Philip Walsh
    (604) 720-0099