Lincoln Mining Corporation
TSX VENTURE : LMG

Lincoln Mining Corporation

December 13, 2016 09:30 ET

Lincoln Mining Reports on Current Pine Grove Drill Program & Director Resignation

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2016) - Paul Saxton, President of Lincoln Mining Corporation ("Lincoln" or the "Company") (TSX VENTURE:LMG) reports that 14 reverse-circulation drill holes (6,962.5 feet or 2,132.6 metres) were completed on the Pine Grove property in Lyon County, Nevada. The resource expansion drill program was conducted on the Wilson patented claims. Goldcliff Resource Corporation, which is earning in to a 40% interest in the Pine Grove project, funded the drill program designed to extend mineralization from the last line of drilling to the northern boundary of the patented claims. Lincoln's technical personnel managed the recent drill program.

Thirteen vertical reverse-circulation drill holes were completed in two fences and an additional angle hole was drilled near the southern boundary of the patented claims block for required geochemical information. The first fence of holes stepped out 100 feet beyond the northern limit of previous drilling and the second fence stepped out a further 100 feet to the northern edge of the patented claims boundary. The Wilson patented claims are surrounded by located claims which are also part of the Pine Grove joint venture. All holes intersected favorable granodiorite host rock which is a host rock for mineralization at Pine Grove, including some zones with conspicuous iron oxides. All assays are pending.

Jeffrey Wilson, Vice President of Exploration of Lincoln Mining Corporation, and a Qualified Person under NI 43-101 has reviewed the technical disclosure contained in this news release.

Lincoln also announces that Robert (Bob) Schafer has stepped down as a Director of Lincoln Mining Corporation. Bob will remain as an advisor to the Company. The Company wishes to thank Mr. Schafer for his contribution in guiding the Company over the last number of years. We wish Bob the very best in his future endeavours.

Lincoln Mining Corp. is a Canadian precious metals exploration and development company with two projects in various stages of exploration and development, which include the advanced stage Pine Grove gold property in Nevada and the pre-development stage Oro Cruz gold property in California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both are Nevada corporations.

On behalf of Lincoln Mining Corporation

- Paul Saxton, Paul Saxton, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE, INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING THE STATUS OF THE COMPANY'S PROPERTIES ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE COMPANY'S PLANS OR EXPECTATIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING TO MAINTAIN THE COMPANY'S PROJECTS; GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS; FLUCTUATING METAL PRICES; REGULATORY CHANGES; TIMELINESS OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY. THE COMPANY MAKES ALL REASONABLE EFFORTS TO UPDATE ITS CORPORATE MATERIAL, DOCUMENTATION AND FORWARD-LOOKING INFORMATION ON A TIMELY BASIS.

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