Lincoln Gold Finalizes Acquisition of Bell Mountain Project

Lincoln Gold Mining Inc. has completed the acquisition of the Bell Mountain Gold-Silver Project in Churchill County, Nevada. The acquisition agreement was amended multiple times throughout 2024 and involved the issuance of shares to Eros Resources Corp., making Eros an insider. Lincoln now holds a 100% interest in the project.

The company is actively seeking capital for the project's construction, projected to take eight to 10 months once funding is secured. An independent Preliminary Economic Assessment (PEA) indicates a robust economic case with a gold price of $2,200/oz and a silver price of $24.00/oz.

Additionally, Lincoln has completed a private placement of convertible debenture units for C$140,000, further supporting project development and capital needs. The board also approved an advance notice policy to streamline future board member elections.