Lincoln Grants Options

Suite 400 – 789 West Pender Street

Vancouver, BC V6C 1H2

Tel: 604-688-7377

Web: www.lincolnmining.com

LINCOLN GRANTS OPTIONS

Vancouver, British Columbia – August 17, 2020 . Lincoln Gold Mining Inc. (“Lincoln” or the

“Company”) (TSXV: LMG) announces that pursuant to its Incentive Stock Option Plan, it has granted

incentive stock options to directors, officers, insiders, employees and consultants of the Company to

purchase up to an aggregate of 2, 300,000 common shares in the capital stock of the Company. The

options are exercisable at a price of $0. 30 per share for a period of five years from the date of grant. All

options vest immediately with the exception of 150,000 options granted to certain consultants including IR,

which options will vest over a 12-month period with 25% of the allotment available for exercise every three

months.

The options are subject to the approval of the TSX Venture Exchange.

For further information about the Company and its projects, please contact Paul Saxton at 604-688-7377

or visit the Company’s website at www.lincolnmining.com.

On behalf of Lincoln Gold Mining Inc.

Paul Saxton

President and CEO

Lincoln Gold Mining Inc.

Tel: (604) 688-7377

Email: [email protected]

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.