Lincoln Progress to Production Update at Bell Mountain

Suite 400 – 789 West Pender Street

Vancouver, BC, V6C 1H2

Tel: 604-688-7377

Web: www.lincolnmining.com

LINCOLN PROGRESS TO PRODUCTION UPDATE AT BELL MOUNTAIN

Vancouver, BC, August 8, 2025 – Lincoln Gold Mining Inc. (TSX.V: LMG) (the "Company" or "Lincoln")

is very pleased to announce an update on funding negotiations for the Bell Mountain gold project,

The Company has received and is currently reviewing term sheets for consideration for construction funding

of the Bell Mountain gold project. As stated, in our recent news release of July 30, 2025, the Company’s

Management continues to press forward in securing the required funding arrangements. The term sheets are an

important first step in securing the best and most attractive funding arrangement for the Project. The Company’s

Directors and Management has decades of known and proven mining expertise.

The Company remains very concerned about the potential negative impact of these negotiations due to the

dissidents’ lack of any experience in moving a gold project through the complex permitting process,

construction, processing production of a heap leach operation.

About Lincoln Gold Mining Inc.:

Lincoln is a Canadian precious metals exploration and development company headquartered in Vancouver, BC.

The Company holds interest in the Bell Mountain gold-silver property and the Pine Grove gold property which

are nearby via hwy. to each other, both located in the highly prospective Walker Lane mineral belt that is known

for its numerous gold and silver deposits. Lincoln is committed to maintaining steady progress towards its goal

of becoming a near term mid-tier gold producer.

For further information, please contact:

Lincoln Gold Mining Inc.

Paul Saxton

President and Chief Executive Officer

Phone: 604-688-7377

Email: [email protected]

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.