Project Overview

Project Factsheet

Pine Grove – Wilson deposit drill program

The Company's immediate objective is to finalize permitting at the advanced-stage Pine Grove gold project in Lyon County, Nevada. Lincoln filed an Amended and Restated NI 43-101 Preliminary Economic Assessment for the Pine Grove project in February 2015. The report is available for viewing in the Technical Report section. The Pine Grove project hosts two gold deposits: the Wilson deposit and the Wheeler deposit.

Drill programs, survey work, geotechnical work and field exploration programs have identified new target areas for the project. Lincoln in mid-2025 will initiate the final permitting needed to take the project to production.

Pine Grove Facts
Location	Pine Grove Hills, Lyon County, Nevada
Commodities	Gold
Land	7.2 square miles (18.1 square kilometers)
Ownership	Lincoln Gold Mining Inc. holds7.2 sq. miles of patented and staked claims.
Deposits	Two gold deposits in the Pine Grove fault zone
Status	Advanced-stage w/ near term production potential. Permitting in Progress.
Drilling	280 Holes 94,380 ft.
NI 43-101 Technical Report*	NI 43-101 Preliminary Economic Assessment (“PEA”) filed on SEDAR February 16, 2015
Plan	Open-pit mine w/ heap leach processing
Exploration Potential	Significant exploration potential exists beyond current resources within the property boundary
Measured & Indicated Gold Resources *	5,553,937 Tons grading 0.03 opt (0.93 g/t) gold at 0.007 opt gold cutoff grade * (heap leach) & 334,170 Tons grading 0.18 opt (6.26 g/t) gold at 0.10 opt gold cut-off grade * (mill with gravity circuit)
Inferred Gold Resources *	43,450 Tons grading 0.03 opt (1.04 g/t) gold at 0.007 opt gold cut-off grade *
Strip Ratio	2.3:1
Gold Recovery	75%