Financials

Overview of Third Quarter 2011

The third quarter was positive in many respects for Lincoln but disappointing in others. There is good news and progress at each of the Company’s three projects; however, capital markets are depressed, especially for junior companies, which is reflective in our stock price and difficulty raising capital.

At the Pine Grove property, the Company continued to advance this gold project. As previously mentioned, recent pit designs prepared by Mintec, Inc. of Tuscon, Arizona for Lincoln’s resource areas have been very encouraging. As a result, the Company has engaged Telesto Consulting Inc. to complete a Preliminary Economic Assessment. This project is near completion and results should be received prior to year end.

At the Oro Cruz property, in concert with Elgin Mining Inc. (Elgin), the Company has commissioned Dudley Thompson Mapping Corp. and JBR environmental to lay out a detailed drilling proposal for permitting. The Company is planning a drill program of 15,000 plus meters in order to both confirm and expand current resource estimates. The permitting process is very detailed in California and the Company has experienced some delays which has been frustrating. Subsequent to the end of the quarter, a meeting was held at the BLM offices in El Centro, Imperial County to discuss permitting issues. The BLM has asked for additional information and because of this the permitting time will need to be extended. 

At the La Bufa project the Company, again in concert with Elgin, began its drilling project in mid-July. The approximate 4,500 to 5,000 meter program is nearing completion and assay results are still pending. Preliminary indications are quite positive showing the structure the Company was anticipating together with gold/silver mineralization.

Global capital markets are an issue for junior companies, which include Lincoln. While the Company was successful in raising $1,050,900 in the nine months ended September 30, 2011, more capital will be required in an environment where pricing and availability are not favorable.

The Company will continue to develop its exploration strategies with a view to maximizing shareholder value and focusing on its long term goal to building Lincoln Mining into a mid-tier gold producer.

The Company’s immediate objective is to become a precious metals producer within two years with increasing production each year after that.

2011 Annual General Meeting

Lincoln Mining Corporation held its Annual General Meeting on June 30, 2011.  Documentation related to the meeting was posted under the Company's profile on SEDAR at www.sedar.com.  Please contact the Company if you have any questions.    

2011 Interim Financial Statements and MD&A as of September 30, 2011

2011 Interim Financial Statements and MD&A as of June 30, 2011

2011 Interim Financial Statements and MD&A as of March 31, 2011

2010 Year End Financial Statements December 31, 2010

2010 Interim Financial Statements and MD&A as of September 30, 2010

2010 Interim Financial Statements and MD&A as of June 30, 2010

2010 Interim Financial Statements and MD&A as of March 31, 2010

2009 Year End Financial Statements December 31, 2009