Lincoln Gold Receives Demand for Loan Repayment
Suite 400 – 789 West Pender Street
Vancouver, BC, V6C 1H2
Tel : 604-688-7377
Web: www.lincolnmining.com
Lincoln Gold Receives Demand for Loan Repayment
Vancouver, BC, August 12, 2025 - Lincoln Gold Mining Inc. (TSX.V:LMG) (“Lincoln Gold” or the
“Company”) announces that the Company has received a joint notice (the “Notice”) from certain arms’
length creditors of the Company (the “ Creditors”) providing notice to the Company that the Creditors
may demand repayment of all indebtedness or take such other actions as they consider appropriate.
The notice advises that should the indebtedness of approximately $1,000,000 remain outstanding as
of 5:30 pm (PST) on August 18, 2025 and a major change to the board of directors and/or management
of the Company occurs following the upcoming annual general meeting of the Company on August 15,
2025, the Creditors will take such actions as they consider appropriate in order to protect their
investments.
Management of the Company will continue to engage with the Creditors to facilitate an orderly
repayment of the indebtedness and has already taken steps to reduce the debt obligation, including
through the proposed settlement of a portion of this indebtedness through a shares for debt transaction,
as previously announced on August 5, 2025. Closing of the potential shares for debt transaction
remains subject to TSX Venture Exchange approval.
About Lincoln Gold Mining Inc.:
Lincoln is a Canadian precious metals exploration and development company headquartered in
Vancouver, BC. The Company holds interest in the Bell Mountain gold-silver property and the Pine
Grove gold property which are within 61 air miles of each other, located in the highly prospective
Walker Lane mineral belt that is known for its numerous gold and silver deposits. Lincoln is committed
to maintaining steady and robust progress towards its goal of becoming a mid-tier gold producer.
For further information, please contact:
Lincoln Gold Mining Inc.
Paul Saxton, President and Chief Executive Officer
Phone: 604-688-7377
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the expectations or beliefs of management of
the Company regarding future events. Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events or results "may", "could", "should",
"would" or "occur". This information and these statements, referred to herein as "forward-looking
statements", are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements
as to management's expectations and intentions with respect to, among other things: potential changes
to board and management of the Company and the potential Creditor response as well as regulatory
and TSX Venture Exchange approval of the previously announced shares for debt transaction.
These forward-looking statements involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward-looking statements. These risks and
uncertainties include, among other things, the risks that: the Company will be unable to repay the
indebtedness on the timeline sought, the risk that changes will be made to the board of directors and
management the Company, the risk that the Creditors may pursue legal remedies for repayment of the
indebtedness; and the risk that the Company is unable to obtain necessary regulatory and TSX Venture
Exchange approvals for the previously announced shares for debt transaction.
In making the forward looking statements in this news release, the Company has applied several
material assumptions, including without limitation, that: management will be able to negotiate
repayment of the indebtedness to Creditors on terms which are reasonable to the Company; and that
necessary regulatory approvals, including TSX Venture Exchange approval, for the previously
announced shares for debt transaction will be obtained.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements and forward-looking information.
Readers are cautioned that reliance on such information may not be appropriate for other purposes.
The Company does not undertake to update any forward-looking statement, forward-looking
information or financial out-look that are incorporated by reference herein, except in accordance with
applicable securities laws.