Lincoln Mining Closes Oversubscribed Private Placement FOR $570,000

Suite 400 – 789 West Pender Street

Vancouver, BC V6C 1H2

Tel: 604-688-7377

Fax: 604-688-7307

Web: www.lincolnmining.com

LINCOLN MINING CLOSES OVERSUBSCRIBED

PRIVATE PLACEMENT FOR $570,000

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

April 27, 2017

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

“Company”) is pleased to announce that it has closed its previously announced non-brokered

private placement, which was oversubscribed.

The Company issued a total of 11,400,000 units at a price of $0.05 per unit (“Units”) for total gross

proceeds of $570,000. Each Unit is comprised of one comm on share of the Company and one

non-transferable common share purchase warrant (a "Warrant"). Each Warrant entitles the holder

to purchase one additional common share of the Company at a price of $0.08 per share until April

26, 2022.

As compensation, qualified persons acting as finders in connection with the privat e placement

(“Finders”) received a cash commission of 7% of t he proceeds raised and non- transferable

warrants (“Finder's Warrants”), having the same terms as the Warrants, equal to 7% of the total

number of Units sold to persons introduced to the Company by the Finders. The Company issued

a total of 644,000 Finder's Warrants and paid a total of $32,200 in cash commissions in

connection with the closing of the private placement.

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

period in Canada expiring on August 27, 2017, in addition to such other restrictions as may apply

under applicable securities laws of jurisdictions outside of Canada.

Lincoln intends to use the proceeds raised from the private placement for general working capital

and administrative purposes and towards advancing permitting on the Pine Grove project.

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 Gol d US Corp. and Lincoln Resource Group Corp., both

Nevada corporations.

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

website at www.lincolnmining.com.

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 USE OF THE PROCEEDS FROM THE PRIVATE PLACEMENT , 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

MAINTAIN THE COMPANY’S PROJECTS; CHANGES IN PLANNED WORK OR USE OF PROCEEDS RESULTING FROM

LOGISTICAL, TECHNICAL OR OTHER FACTORS; GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS ;

FLUCTUATING METAL PRICES; THE POSSIBILITY OF COST OVERRUNS OR UNANTICIPATED EXPENSES IN WORK

PROGRAMS; REGULATORY CHANGES; TIMELINESS OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS

DETAILED HEREIN AND FROM TIME TO TIME IN T HE 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 laws, or an exemption from such

registration is available.