Lincoln Gold Corp.
OTC Bulletin Board : LGCP

Lincoln Gold Corp.

August 09, 2005 06:01 ET

Lincoln Gold Identifies Mercury Soil Gas Anomaly on its JDS Property within the Cortez Trend, Nevada

CARSON CITY, NEVADA--(CCNMatthews - Aug. 9, 2005) - LINCOLN GOLD CORP. (OTCBB:LGCP) is pleased to announce that it has identified a significant mercury soil gas anomaly on its JDS gold property located within the Cortez Trend, Nevada. Mercury soil gas is known to accumulate over some concealed Carlin-type gold deposits. The Company's survey consisted of 240 samples taken on eight lines with 50-meter sample stations. Lincoln Gold's 100% owned JDS property is located approximately 18 miles southeast of the Cortez Hills and Cortez Pediment gold discoveries (9 MM ounces gold) which are Carlin-type deposits and are owned by Placer Dome/Kennecott.

The JDS property, which adjoins Placer Dome's claims that are located to the west and north, consist of 77 claims of pediment gravels covering "lower plate" carbonate rocks that are favorable hosts for Carlin-type gold deposits. Coincident with the mercury soil gas anomaly are a "gravity high" and an aeromagnetic anomaly. The "gravity high" indicates shallow bedrock and the aeromagnetic data suggest intrusive rocks associated with the "lower plate" carbonate rocks. Collectively, these data could indicate a blind Carlin-type gold target on the JDS property, similar to those found in the Cortez area.

Lincoln Gold intends to drill test the target or joint venture the property to a suitable operator who is active within the Cortez Trend.

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.

LINCOLN GOLD CORP.

Jeff 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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