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Lincoln Gold Update on Annual General Meeting May 21, 2020

Shareholder Meetings

Suite 400 – 789 West Pender Street

Vancouver, BC V6C 1H2

Tel: 604-688-7377

Web: www.lincolnmining.com

Lincoln Gold Update on Annual General Meeting May 21, 2020

VANCOUVER – May 12, 2020. Lincoln Gold Mining Inc. (“Lincoln” or the “Company”) (TSXV: LMG)

reports that the Information Circular and all proxy -related materials have been sent to all registered

shareholders entitled to vote at the Annual General Meeting (the “Meeting”) to be held at 10:00 am Pacific

Daylight Time (“PDT”) on Thursday May 21, 2020.

As permitted by the Company’s Articles, and in accordance with the recommendations of public health

officials, the Company will not hold a physical meeting, but will now hold the Meeting by teleconference.

Registered shareholders and proxy holders are invited to attend the Meeting as follows:

Teleconference

Toll-Free: 1-888-359-7806 (y ou will be connected to the conference Meeting service, then

enter the passcode below)

Passcode: 156643

Non-registered shareholders may attend the Meeting as guest s but are not legally permitted to vote.

Please contact Tyler Mah, Relationship Manager , of Computershare Trust Company of Canada at

[email protected] or 604-661-9472 by 10:00 am PDT on Tuesday May 19, 2020 to confirm

your attendance and eligibility to vote.

We highly encourage you to complete and submit your proxy forms/voting instruction forms.

Proxies submitted must be received by 10:00AM (Vancouver time) on Tuesday, May 19, 2020.

The conference facil ities will be open sta rting at 9:45 PDT on May 21 , 2020, in order for registered

shareholders and proxy holders to register with Computershare’s representative, who will be acting as the

scrutineer for the Meeting.

The Company looks forward to hosting the Meeting and wishes all shareholders the best of health in these

unprecedented times.

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 assessment of the Pine Grove Gold Project pursuant

to National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Lincoln is working with the

USFS to secure the permits necessary to develop the Pine Grove Gold Project into a low-cost heap leach

operation with a high-grade gravity circuit.

Lincoln also owns an interest in a joint venture in respect of the Oro Cruz Gold Property in California.

Lincoln’s joint venture partner is advancing the Oro Cruz Gold Property t owards further exploration,

development and production.

Lincoln holds its interests in these projects through its wholly owned subsidiaries, Lincoln Resource

Group Corp. and Lincoln Gold US Corporation, both Nevada corporations.

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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]

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Neither 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.

All statements, trend analysis and other information contained in this press release relative to markets

about anticipated future events or results constitute forward -looking statements. All statements, other

than statements of historical fact, included herein, including, without limitation, statements relating to the

Meeting, the permitting process, future production of Pine Grove Gold Project, budget and timing

estimates, the Company’s working capital and financi ng opportunities and statements regarding the

exploration and mineralization potential of the Company’s properties, are forward -looking statements.

Forward- looking statements are subject to business and economic risks and uncertainties and other

factors t hat could cause actual results of operations to differ materially from those contained in the

forward- looking statements. Important factors that could cause actual results to differ materially from

Lincoln’s expectations include fluctuations in commodity prices and currency exchange rates;

uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral

deposits; the need for cooperation of government agencies and native groups in the exploration and

development of properties and the issuance of required permits; the need to obtain additional financing

to develop properties and uncertainty as to the availability and terms of future financing; the possibility of

delay in exploration or development programs and uncert ainty of meeting anticipated program

milestones; and uncertainty as to timely availability of permits and other governmental approvals.

Forward-looking statements are based on estimates and opinions of management at the date the

statements are made. Lincol n does not undertake any obligation to update forward -looking statements

except as required by applicable securities laws. Investors should not place undue reliance on forward -

looking statements.