Mr. Ian Rogers reports

LINCOLN GOLD COMPLETES TRANSFER OF BLM PLAN OF OPERATIONS FOR BELL MOUNTAIN PROJECT, ADVANCING PROJECT PERMITTING AND OPERATIONAL CONTROL IN NEVADA

The Bureau of Land Management plan of operations for the Bell Mountain gold-silver project, located in Churchill county, Nevada, United States, has been formally transferred into Lincoln Gold Mining Inc.'s wholly owned subsidiary Lincoln Resource Group Corp.

This represents a further consolidation of operational control and permitting interests for Bell Mountain following the company's previously announced acquisition completed in January, 2025.

The company notes that the mineral claims and water pollution control permit were previously transferred. With completion of the BLM plan of operations transfer, the core mineral tenure and principal operational permits associated with Bell Mountain are consolidated within the company's subsidiary structure.

Project advancement

Bell Mountain is an advanced-stage gold-silver project supported by prior technical evaluation, including a previously filed National Instrument 43-101 preliminary economic assessment outlining a conceptual heap leach development scenario based on current assumptions.

Completion of the operational transfer strengthens the project's execution framework as Lincoln advances continuing technical evaluation, engineering work and development planning activities, while continuing discussions with potential financing partners.

Ian Rogers, chairman and chief executive officer of Lincoln Gold, stated: "Completion of the BLM plan of operations transfer represents another important milestone in the consolidation of Bell Mountain within Lincoln's operating structure. With the principal permits and mineral tenure now consolidated under the company's subsidiary structure, Lincoln is positioned to continue advancing technical evaluation, engineering and development planning activities at Bell Mountain. We continue to engage with potential financing partners as we evaluate the next phase of project advancement."

Next phase and capital strategy

The company is actively progressing discussions with potential financing partners regarding financing options for Bell Mountain. Subject to securing financing and customary approvals, Lincoln intends to continue advancing engineering and development planning activities.

Project background

The Bell Mountain project was acquired from Eros Resources Corp. and its wholly owned subsidiary Bell Mountain Exploration Corp. pursuant to a definitive agreement dated Nov. 3, 2023, as amended.

Consideration for the transaction included common shares of the company and a net profit interest royalty, as previously disclosed.

About Lincoln Gold Mining Inc.

Lincoln Gold is a Canadian precious metal exploration and development company headquartered in Vancouver, B.C.

The company's portfolio includes the Bell Mountain gold-silver project and the Pine Grove gold project, both located in Nevada, United States.

Bell Mountain is an advanced-stage project with permitting in place and is being advanced toward development and potential production, subject to financing and customary approvals. Pine Grove is a larger-scale project currently in the permitting and development evaluation stage.

Both projects are located approximately 61 air miles apart within Nevada's Walker Lane mineral belt, a highly prospective and well-established mining jurisdiction hosting multiple producing mines and advanced development projects. The region benefits from established infrastructure, experienced mining work force availability and a long history of precious metal production.

Together, these assets represent a complementary development portfolio positioned along a staged advancement pathway, with Bell Mountain representing the nearer-term development focus and Pine Grove providing longer-term scale potential.

Lincoln is focused on advancing its portfolio through staged development, technical derisking and capital formation initiatives, with the objective of progressing toward mid-tier gold producer status.

We seek Safe Harbor.