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Lincoln Gold Announces Appointment of New Director and a New CFO

Management Changes

Suite 400 – 789 West Pender Street

Vancouver, BC V6C 1H2

Tel: 604-688-7377

Web: www.lincolnmining.com

Lincoln Gold Announces Appointment of New Director and a New CFO

VANCOUVER – October 23, 2024. Lincoln Gold Mining Inc. (“Lincoln” or the “Company”) (TSXV: LMG)

is pleased to announce the appointment of Mr. Dong Shim as a director of the Company and Mr. Nicholas Koo as

Chief Financial Officer of the Company, effective October 23, 2024.

In connection with his appointment as director, Mr. Shim resigned from his position as CFO of the Company . Mr.

Shim held the position as CFO of the Company since June 2020 and the Board would like to thank him for his

contributions as CFO and looks forward to his continued advice and contributions going forward.

Mr. Shim has led a successful accounting & finance career in both the US and Canada. He brings a wealth of

knowledge to the team with his expertise in auditing publicly traded junior mining companies and high -tech

industries. Mr. Shim is a member of the Chartered Professional Accountants of British Columbia, and a Certified

Public Accountant registered in the State of Illinois, United States. He is also President of Golden Tree Capital Corp.

and SHIM & Associates LLP , Chartered Professional Accountants with a primary focus on business advisory,

corporate consulting and regulatory filings both in the United States and Canada.

Mr. Koo, CPA, CA, has been appointed as Chief Financial Officer to replace Mr. Shim. Mr. Koo brings significant

experience in financial reporting roles covering many industries including junior mining, building materials and high-

tech. He is a member of the Chartered Professional Accountants of British Columbia and started his career at a

midsized accounting firm providing accounting, consulting, audit and tax services to publicly traded and private

entities. Mr. Koo is a Partner at SHIM & Associates LLP.

Paul Saxton, President and CEO of Lincoln Gold Mining Inc. stated: “Lincoln is pleased to welcome Mr. Shim as a

director of the Company and management believes that his entrepreneurial and international experience will be an

asset to the Company as we continue to advance the Company’s projects in the United States. Lincoln has worked

with Mr. Koo in the past and we are pleased to have him join the Company as our new Chief Financial Officer”.

About Lincoln Gold Mining Inc.:

Lincoln is a Canadian precious metals exploration and development company headquartered in Vancouver, BC.

Lincoln holds 100% interest in Pine Grove gold project located in Nevada, US, renowned for its mining -friendly

regulations. Lincoln received conditional approval from the TSXV on its acquisition of the Bell Mountain from Eros

Resources Corp. The anticipated completion of this transaction will mark a pivotal moment for Lincoln, enabling a

potent operational synergy between these two properties. Lincoln i s committed to maintaining steady and robust

progress towards its goal of becoming a mid-tier gold producer.

For further information about the company, please contact:

Lincoln Gold Mining Inc.

Paul Saxton

President and Chief Executive Officer

Phone: 604-688-7377

Email: [email protected]

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.