News Release Archive

Vancouver, British Columbia – Lincoln Mining Corporation, TSX-V: LMG (“Lincoln” or the “Company”) is pleased to announce that it has received a National Instrument 43-101 inferred resource estimate of 341,800 total ounces for the Company’s Oro Cruz project located in the Tumco mining district within the Cargo Muchacho Mountains of southeastern California.

The resource estimate is presented in an independent technical report (the "Technical Report") prepared for Lincoln by Tetra Tech Inc. of Golden, Colorado.  Detailed historical data, based on over 17,000 surface and underground samples, were provided from a number of professional sources and have formed a coherent, well-founded indication of gold mineralization.  Ordinary kriging was used to estimate gold grades in 10x10x5 ft blocks.  Approximately 90% of the resources are in the main Oro Cruz deposit which is a shallow-dipping tabular body with good to excellent continuity of mineralization.  A resource summary is presented in the table below. 

ORO CRUZ INFERRED GOLD RESOURCES at September 21, 2010

PAST PRODUCTION

As discussed in the Technical Report, during the 1995-1996 production year, over 60,000 ounces of gold were produced at Oro Cruz by MK Gold as part of the American Girl Joint Venture.  Ore was hauled and treated by heap leach and milling at the nearby American Girl gold mine.  Production came from open pit and underground operations.  When gold prices collapsed, the Oro Cruz mine was shut down, leaving substantial gold mineralization in place.  Prior to shut down, MK Gold was in the midst of a pit wall pushback for the next round of open pit production.

Gold mineralization remains open at depth in the main Oro Cruz gold deposit.  Previous exploration work has identified at least 10 exploration targets.  At least five satellite gold zones have been identified and offer potential for increasing gold resources. 

The Technical Report supports a 2011 work plan including a twin-hole drilling program (surface and underground drilling), bulk density and metallurgical testing and preparation of an updated resource estimate with the objective of converting inferred resources to the indicated and measured categories, subject to the exploration results.  The total budget for the program is approximately US$770,500.  Lincoln intends to undertake the exploration program, subject to financing.

Mr. John Rozelle, P.G. of Tetra Tech and the author of the Technical Report is an independent Qualified Person as defined by NI 43-101 and along with Mr. Jeffrey Wilson, Executive Vice President and Qualified Person for Lincoln, reviewed and approved the disclosure of the mineral resource estimate and other scientific and technical information contained in this news release.

A copy of the Technical Report is being filed by Lincoln as required by NI 43-101 and will be available under the Company's profile on the SEDAR website (www.sedar.com).

Lincoln Mining Corp. is a Canadian precious metals exploration and development company with several projects in various stages of exploration and development which include the Pine Grove gold property in Nevada, the Oro Cruz gold property in California and the La Bufa gold-silver property in Mexico. In the United States, the Company operates under Lincoln Gold US Corp., a Nevada corporation.

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 FUTURE PLANS AND OBJECTIVES OF LINCOLN IN RESPECT OF PLANS FOR EXPLORATION AND DEVELOPMENT OF ITS ORO CRUZ PROPERTY 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 COMPANIES’ PLANS OR EXPECTATIONS INCLUDE the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; the possibility of project cost overruns or unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed TO FUND THE COMPANY'S PLANNED OPERATIONS INCLUDING GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions and liability AND ABILITY TO OBTAIN OR DElAYS IN OBTAINING NECESSARY PERMITS TO CONDUCT PLANNED EXPLORATION WORK; competition and loss of key employees; and other related risks and uncertainties INHERENT IN THE EXPLORATION AND DEVELOPMENT OF MINERAL PROPERTIES. DETAILED HEREIN AND FROM TIME TO TIME IN THE CONTINUOUS DISCLOSURE 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.