Vancouver, British Columbia – Lincoln Mining Corporation, TSX-V: LMG ("Lincoln" or the "Company") announces that Goldcliff Resources (US) Inc., a wholly owned subsidiary of Goldcliff Resource Corporation, (“Goldcliff”) has acquired the lease on the eight patented claims that were held by Lincoln, classified by Lincoln as the Wilson claims, from Lyon Grove LLP of Reno, NV. Goldcliff has made or will make an upfront payment to Lyon Grove of $61,729.84 (US) and will assume the yearly rental payments under the lease. Lincoln was not able to make the yearly annual payments to Lyon Grove on the property. Lincoln retains its interest in the remaining claims including the four Wheeler patented mining claims, and 243 unpatented mining claims (lode, placer and millsite) that surround the Wilson patented claims.
It is the intent of both Lincoln and Goldcliff US to work together to develop the Pine Grove project. In that regard the two companies are in discussions about jointly advancing the project. Paul Saxton is a director of both Lincoln Mining Corporation and Goldcliff Resources Corporation.
Lincoln Mining Corp. is a Canadian precious metals exploration and development company with projects in various stages of exploration and development that include 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, President & CEO
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