Lincoln Mining Announces Proposed Private Placement of up to $450,000

Suite 400 – 789 West Pender Street

Vancouver, BC V6C 1H2

Tel: 604-688-7377

Fax: 604-688-7307

Web: www.lincolnmining.com

LINCOLN MINING ANNOUNCES PROPOSED PRIVATE PLACEMENT

OF UP TO $450,000

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

August 16, 2017

Vancouver, British Columbia – Lincoln Mining Corporation, TSX-V: LMG (“Lincoln”

or the “Company”) announces its plans to arrange for a non-brokered private placement

of up to 9,000,000 units at a price of $0.05 per unit (“Units”) for total proceeds of up to

$450,000 (the “Offering”). Each Unit will be comprised of one comm on share of the

Company and one non-transferable common share purchase warrant. Each warrant will

entitle the holder to acquire one additional common share of the Company at an exercise

price of $0.10 for a period of two years after the closing of the Offering.

Finders’ fees may be payable in connection with the Offering and those qualified persons

involved as finders will receive a cash fee of up to 7% of the proceeds raised and such

number of warrants (having the same terms as the warrants forming part of the Units)

equal to up to 7% of the total number of Units sold.

Lincoln intends to use the proceeds raised from the private placement for permitting on

the Pine Grove project and for general working capital purposes.

All securities issued under the private placement will be subject to a four month hold

period from the closing date under applicable Canadian securities laws, in addition to

such other restrictions as may apply under applicable sec urities laws of jurisdictions

outside Canada. The private placement is subject to all necessary regulatory approvals

including from the TSX Venture Exchange.

Lincoln Mining Corp. is a Canadian precious metals exploration and development

company with two projects in various stages of exploration and development, namely the

Pine Grove gold property in Nevada and the Oro Cruz gold property in California. In the

United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource

Group Corp., both Nevada corporations.

For further information, please contact Investor Relations at 604- 688-7377 or visit the

Company’s website at www.lincolnmining.com.

2

On behalf of Lincoln Mining Corporation

"Paul Saxton"

Paul Saxton, President & CEO

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.

This press release includes forward-looking statements or information. All statements other than

statements of historical fact included in this release, including without limitation, statements

regarding the proposed Offering and permitting of the Pine Grove project , are forward -looking

statements that involve various risks and uncertainties. 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 factors that could cause actual results to

differ materially from the Company's plans or expectations include availability of capital and

financing to complete the proposed Offering and maintain the Company’s projects; general

economic, market or business conditions; fluctuating metal prices; regulatory changes; timeliness

of government or regulatory approvals and other risks detailed herein and from time to time in the

filings made by the Company. The Company makes all reasonable efforts to update its corporate

material, documentation and forward-looking information on a timely basis.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the

Company's securities in the United States. The securities have not been and will not be registered

under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state

securities laws and may not be offered or sold within the United States or to U.S. persons unless

registered under the 1933 Act and applicable state securities l aws, or an exemption from such

registration is available.