Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company") is
pleased to announce that, further to its news release dated September 5, 2012,
Lincoln has closed the initial private placement with Procon Mining and
Tunnelling Ltd. ("Procon").


The Company issued a total of 24,000,000 shares to Procon at a price of $0.05
per share for total proceeds of $1,200,000. No warrants or finder's fees were
issued in connection with the private placement.


All securities issued under the private placement are subject to a four month
hold period in Canada expiring on January 14, 2013.


Lincoln intends to use the proceeds raised from the private placement towards
the purchase price for the Bell Mountain acquisition (as disclosed in the
September 5, 2012 news release), to advance the work programs on Lincoln's other
mineral projects and for general working capital purposes.


Lincoln Mining Corp. is a Canadian precious metals exploration and development
company with several projects in various stages of exploration and development
which include the Pine Grove gold property in Nevada, the Oro Cruz gold property
in California and the La Bufa gold-silver property in Mexico. In the United
States, the Company operates under Lincoln Gold US Corp., a Nevada corporation.


On behalf of Lincoln Mining Corporation

Paul Saxton, President & CEO
Lincoln Gold Mining (TSXV:LMG)
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