Lincoln Gold Corp.
OTC Bulletin Board : LGCP

Lincoln Gold Corp.

July 06, 2005 06:00 ET

Lincoln Gold Gets Gold-Silver Hits at Hannah Property, Nevada

CARSON CITY, NEVADA--(CCNMatthews - July 6, 2005) - LINCOLN GOLD CORP. (OTCBB:LGCP) is pleased to announce that it has received encouraging gold-silver assays from two drill holes on its early-stage Hannah gold-silver property in Churchill County, Nevada. Lincoln recently completed 11 reverse-circulation drill holes on various parts of the property for a total footage of 4,815 feet. Two holes, H-1 and H-11, were drilled on the western portion of the property approximately 75 feet apart to test a structural target defined by a silicified, iron-stained breccia cutting highly altered metasedimentary rocks. The breccia outcrop is exposed on the edge of a pediment (gravel on bedrock) that slopes away to the west.

Hole H-11 (-60 degrees) encountered 10 feet of shallow, highly oxidized mineralization grading 0.094 ounces per ton ("opt") gold ("Au") and 5.05 opt silver ("Ag") from 15 to 25 feet, including 5 feet grading 0.150 opt Au and 7.18 opt Ag.

Hole H-1 (-45 degrees) encountered 35 feet of shallow, highly oxidized mineralization grading 0.016 opt Au from 40 to 75 feet, including 5 feet grading 0.029 opt Au and 0.88 opt Ag.

True thickness of the intercepts is unknown at this time. Five other holes east of holes H-1 and H-11 encountered strong alteration but had no significant assays and the remaining holes which were the farthest to the east came up barren. Assaying is being carried out by certified labs in Reno and Vancouver, BC.

Lincoln believes that the mineralized drill intercepts on the western part of the property represent "leakage" along faults derived from gold-silver mineralization under adjacent pediment gravels to the west and/or from concealed mineralization under nearby alluvium to the east. The mineralized intercepts are presently undergoing multi-element analysis to determine their geochemical signature. Lincoln plans to conduct follow-up exploration along strike into the covered areas.

Company geologists continue to review new gold-silver opportunities in Nevada, Utah, Arizona, California and Mexico with a view to acquiring one or two new properties in the near future.

Lincoln Gold Corp. is a US based gold-silver exploration company located in Nevada with several 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-silver deposits, including: Buffalo Valley, JDS, Jenny Hill, Hannah, and Lincoln Flat.


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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