Lincoln GOLD Mining Inc. Provides Acquisition Update and Prepares to Announce Private Placement
Suite 400 – 789 West Pender Street
Vancouver, BC V6C 1H2
Tel: 604-688-7377
Web: www.lincolnmining.com
LINCOLN GOLD MINING INC. PROVIDES ACQUISITION UPDATE AND PREPARES TO
ANNOUNCE PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
VANCOUVER – March 15, 2024 – Lincoln Gold Mining Inc. (“Lincoln” or the “Company”)
(TSXV: LMG) is pleased to provid e an update on its previously announced acquisition of the
assets comprising the Bell Mountain Project located in Churchill County, Nevada (the
“Transaction”). This update follows the Company’s news releases dated August 10, 2023,
October 27, 2023, November 6, 2023, January 5, 2024, and March 15, 2024 (the “News
Releases”) pertaining to the Transaction.
The Transaction is governed by a purchase agreement dated November 3, 2023, as amended on
January 8, 2024, and March 15, 2024, between Lincoln Resource Group Corp., a wholly -owned
subsidiary of the Company, Eros Resources Corp. (“Eros”), and Bell Mountain Exploration Corp.,
a wholly-owned subsidiary of Eros. The Company received conditional acceptance to complete
the Transaction from the TSX Venture Exchange (the “TSXV”) on November 24, 2023.
To ensure the parties have adequate time to satisfy the remaining TSXV requirements and obtain
final approval, the parties have extended the outside date to complete the Transaction to May 31,
2024.
The Company is to fulfill specific conditions to secure final approval from the TSXV. The se
conditions include providing the TSXV with an updated Preliminary Economic Assessment ( the
“PEA”) for the Bell Mountain Project and a financial plan which outlines the Company’s anticipated
expenses in the first six months following closing of the Transaction.
In order for the Company to satisfy the outstanding requirements of the TSXV, Lincoln intends to
launch a private placement offering in the near future. Further details regarding the private
placement will be disclosed in a subsequent announcement.
For comprehensive details on the Transaction, please refer to the Company’s prior News
Releases, available on SEDAR+ at www.sedarplus.ca, or www.lincolnmining.com.
About Lincoln
Lincoln Gold Mining Inc. is an advanced-stage gold mine exploration and development company
holding a 100% interest in the Pine Grove Gold Project, in the Walker Lane structural zone of
western Nevada. The Company has prepared a preliminary economic assess ment of the Pine
Grove Gold Project pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral
Projects. Lincoln holds its interests in the US projects through its wholly owned subsidiaries,
Lincoln Resource Group Corp. and Lincoln Gold US Corporation are both Nevada corporations.
For more information, please contact Paul Saxton, President and CEO of the Company.
On behalf of Lincoln Gold Mining Inc.
Paul Saxton
President and CEO, Lincoln Gold Mining Inc.
Tel: (604) 688-7377
Email: [email protected]
Forward Looking Information
This press release contains “forward -looking information” within the meaning of applicable securities laws that is
intended to be covered by the safe harbours created by those laws. “Forward-looking information” includes statements
that use forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or the
negative thereof or other variations thereof or comparable terminology. Such forward -looking information includes,
without limitation, statements relating to the Company’s expectation that the Transaction will close, that the parties will
satisfy the TSXV’s requirements to close the Transaction, that the Company anticipates that the Transaction will receive
final TSXV acceptance and that the Company will launch a private placement in the future..
Forward-looking statements involve risks and uncertainties and 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 factor s that could cause actual results to differ materially from the Company's expectations
include those relating to the Company’s expectation that the Transaction will be completed, the failure to obtain approval
of the Transaction from the TSXV, the inabilit y for the parties to meet each requirement of the TSXV to close the
Transaction, the expectation that the TSXV will not impose further conditions, the expectation that the Company will
launch a private placement, and other risks detailed from time to time in the filings made by the Company with securities
regulators.
The reader is cautioned that assumptions used in the preparation of any forward -looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of
numerous known and unk nown risks, uncertainties, and other factors, many of which are beyond the control of the
Company, including, without limitation, the Company not being able to complete the Transaction within an acceptable
timeline, the risk that the Company may not obtain approval of the TSXV or other necessary regulatory approval of the
Transaction, the risk that the Company will not be able to launch and complete the private placement as currently
expected, the risk the parties will not fulfil the TSXV conditions to close the Transaction, and general market conditions.
The reader is cautioned not to place undue reliance on any forward -looking information. Such information, although
considered reasonable by management at the time of preparation, may prove to be incorrect a nd actual results may
differ materially from those anticipated. Forward -looking statements contained in this news release are expressly
qualified by this cautionary statement. The forward -looking statements contained in this news release are made as of
the date of this news release and the Company will not update or revise publicly any of the included forward - looking
statements unless as expressly required by applicable law.