Lincoln Mining Closes Shares FOR Debt Transaction

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 SHARES FOR DEBT TRANSACTION

January 3, 2018

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

"Company") announces that is has completed its previously announc ed shares for debt

transaction. At the closing, Lincoln issued 11,285,513 shares at a deemed issue price of $0.085

per share to settle indebtedness of $959,268.92 in respect of certain related parties of the

Company and Lincoln issued 1,744,242 shares at a deemed issue price of $0.05 per share to

settle indebtedness of $ 87,212.14 in respect of arm's length creditors . A total of 13,029,755

shares were issued in settlement of debt totaling $1,046,481.06.

The Company expects that the proposed debt settlements will assist the Company in seeking

new financing transactions to advance the development of the Company's Pine Grove project and

for working capital.

All shares issued under the shares for debt transaction are subject to a four month hold period

expiring on May 4, 2018, in addition to such oth er restrictions as may apply under applicable

securities laws outside of Canada.

The Company did not file a material change report more than 21 days before the expected closing

of the shares for debt transaction, as the details and amounts of debts sett led under the

transaction were not finalized until closer to the closing and t he Company wished to close the

transaction as soon as practicable for sound business reasons.

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

2

REGARDING THE SHARES FOR DEBT TRANSACTION AND THE EXPECTED BENEFITS THEREOF, 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 THE 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 H EREIN 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.