News

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia – Lincoln Mining Corporation, TSX-V: LMG (“Lincoln” or the “Company”) is pleased to announce that it has closed a second and final tranche of the previously announced private placement.

For the second tranche, the Company issued a total of 530,000 units at a price of $0.17 per unit (“Units”) for total proceeds of $90,100. Each Unit is comprised of one common share of the Company and one half of one non-transferable common share purchase warrant. Each whole purchase warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.35 per share until June 16, 2013.

As compensation, qualified persons acting as finders in connection with the private placement (“Finders”) received a cash commission of 7% of the proceeds raised and non-transferable warrants (“Finders Warrants”) equal to 7% of the total number of Units sold to persons introduced to the Company by the Finder. Each such warrant entitles the holder to acquire one common share of the Company at a price of $0.35 per share until June 16, 2013. In connection with the second tranche, the Company issued a total of 37,100 Finders Warrants and paid a total of $6,307 in cash commissions.

All securities issued or issuable under the second tranche will be subject to a four month hold period in Canada expiring October 17, 2011, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

Lincoln intends to use the proceeds raised from the second tranche of the private placement to advance the work programs on its mineral projects and for general working capital and administrative purposes.

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  

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. 

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