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LMG.V ·

Lincoln Mining Closes Private Placement FOR $300,000

Financings

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 PRIVATE PLACEMENT FOR $300,000

May 30, 2018

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.

The Company issued a total of 6 ,000,000 units at a price of $0.05 per unit (“Units”) for total gross

proceeds of $300,000. Each Unit is comprised of one common share of the Company and one non-

transferable common share purchase w arrant (a "Warrant"). Each W arrant entitles the holder to

purchase one additional common share of the Company at a price of $0.08 per share until April 26,

2022. No finder’s fees were paid 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 October 1, 2018, in addition to such other restrictions as may apply

under applicable securities laws of jurisdictions outside of Canada.

Lincoln intends to use the proceeds r aised from the private placement for general working capital ,

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 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.

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

2

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SUCH STATEMENTS. IMPO RTANT 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 LOGISTIC AL, 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 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.