Overview

Lincoln Mining Corporation (the "Company") is a Canadian based exploration and development company trading on the TSX Venture Exchange under the symbol LMG. The Company is exploring and developing gold and silver properties in key mineral regions of California, Nevada and Mexico. All of its projects are situated in districts with significant histories of mineral production and infrastructure. The Company's goal is to advance from exploration to production at its Pine Grove gold property in Nevada and the Oro Cruz gold property in California (see property details below).

In March 2011, Lincoln Mining announced that it has entered into an exploration financing agreement with Elgin Mining ("Elgin Mining") on two of its projects. Lincoln welcomes Elgin Mining as an exploration partner and looks forward to working together to quickly advance two exciting and potentially large gold projects.

Lincoln plans to grow steadily by acquiring new precious metals projects that hold exploration potential and by diversifying its mining projects portfolio through joint ventures with established companies.

California

The Oro Cruz project is located in the historic Tumco Mining District of southeastern California approximately 14 miles southeast from the operating Mesquite gold mine and adjacent to the past producing American Girl gold mine and the Padre-Madre gold mines. Lincoln believes the Oro Cruz project holds near term potential to be expanded and developed into a producing gold mine through renewed open-pit and underground mining. A NI 43-101 technical report was filed on SEDAR in September 2010 reporting Inferred resources of over 340,000 oz gold. Permitting is now in progress and a drill program is planned for 2012.   

Lincoln and Elgin Mining entered into an exploration financing agreement, granting Elgin the exclusive right and option to acquire up to a 60% undivided interest in the Oro Cruz property by funding exploration expenditures. Over the next two years, Elgin has committed to fund exploration at Oro Cruz totaling $3MM, prior to earning any interest in the project.

Nevada

The Company's primary focus in Nevada is the Pine Grove Property, which is an advanced-stage gold project. A new NI 43-101 technical report filed on SEDAR on March 21, 2011 reports combined Indicated resources for the Wheeler and Wilson deposits at 177,000 ozs gold contained in 5,316,000 tons grading 0.033 opt gold at a 0.010 opt gold cutoff grade. In addition, Inferred gold resources are reported at 115,000 ozs gold contained in 4,136,000 tons grading 0.028 opt gold at a 0.010 opt gold cutoff grade. An open-pit mine and heap-leach process, combined with a small milling operation for high-grade ores, are envisioned by the Company. Lincoln has contracted key technical and permitting contractors to help advance the property to production. Additional exploration drilling programs designed to potentially increase the size of the resource are planned. 

Mexico

In Mexico, the La Bufa Property is situated in the district of Guadalupe y Calvo in the northern State of Chihuahua. This project lies within the Sierra Madre Occidental along a trend encompassing numerous gold and silver mines.  The La Bufa property offers excellent exploration potential. A drill program began mid-July 2011 which has confirmed gold-silver structures in the northwestern area of the property. Work continues and assays are still pending.

Lincoln and Elgin Mining entered into an exploration financing agreement, granting Elgin the exclusive right and option to acquire up to a 60% undivided interest in the La Bufa property by funding exploration expenditures. Elgin has committed to fund exploration at La Bufa totaling $1MM over the next two years, prior to earning any interest in the project.

Senior-level Management

While good projects are critical to success, equally important is a management team that can negotiate the risks, difficulties and complexities of mineral exploration and development.  Lincoln Mining Corporation has an experienced team which includes senior executives, mining engineers and geologists who have developed major mines and explored some of the world's most important mineral regions.