Final Approval of Lincoln Mining Qualifying Transaction and Resumption of Trading



    VANCOUVER, Aug. 20 /CNW/ - Lincoln Mining Corporation (previously named
LPT Capital Ltd.) ("Lincoln Mining") (TSXV: LMG) is pleased to report that,
further to its August 18, 2009 news release, Lincoln Mining has obtained final
approval of the TSX Venture Exchange (the "Exchange") of the business
combination transaction (the "Merger") with Lincoln Gold Corporation ("Lincoln
Gold") which constitutes the "Qualifying Transaction" of Lincoln Mining under
Exchange policy.
    As indicated in an Exchange bulletin issued today, common shares of
Lincoln Mining will resume trading on the Exchange at market open on August
21, 2009. Lincoln Mining will be classified as a Tier 2 "junior natural
resource - mining" company on the Exchange.
    After completion of the transactions comprising the Merger, Lincoln
Mining has the following issued and outstanding securities:

    
    -   58,388,067 common shares;

    -   warrants to purchase 2,075,760 common shares of Lincoln Mining held
        by former holders of share purchase warrants of Lincoln Gold
        Corporation, at exercise prices ranging from Cdn$0.65 to US$4.35 per
        share. 1,317,500 of these warrants, with an exercise price of US$0.45
        per share, will expire on August 23, 2009; and

    -   warrants to purchase 14,627,531 common shares of Lincoln Mining at an
        exercise price of Cdn$0.25 per share until August 18, 2011, issued in
        connection with the private placement of Lincoln Mining that closed
        on August 18, 2009.
    

    Lincoln Mining's flagship assets are the Pine Grove property in Nevada,
and the La Bufa property in Chihuahua, Mexico.
    Pine Grove is an advanced stage gold property located approximately 20
miles south of the copper mining town of Yerington, Nevada. Past production is
estimated at 240,000 ozs. gold and drilling by Teck Resources in the 1990's
identified gold mineralization on the property. Lincoln Mining is currently
working towards preparation of a pre-feasibility study and permitting for
production.
    La Bufa is a gold-silver exploration property located in the Sierra Madre
at the mining town of Guadalupe y Calvo, Chihuahua State, Mexico. Minera
Lincoln de Mexico, a subsidiary of Lincoln Gold, is earning into a 60%
ownership position from Almaden Resources Ltd., which controls approximately
2,300 hectares of land that surrounds the historic Rosario mine which produced
an estimated 2 million ozs. gold and 28 million ozs. Silver which is owned by
Gammon Gold. Recent drilling programs by Lincoln Gold encountered significant
gold/silver mineralization that warrants further exploration.
    For further information on the Pine Grove and La Bufa properties,
including technical reports filed in accordance with National Instrument
43-101, please see Lincoln Mining's corporate disclosure documents filed on
SEDAR (www.sedar.com).
    Lincoln Mining also announces its intention to file a Form 15F with the
United States Securities and Exchange Commission ("SEC"), in order to
voluntarily terminate the registration of its common shares under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). Lincoln
Mining expects that termination of the registration of its common shares will
become effective 90 days after the date of filing of the Form 15F with the
SEC. However, as a result of the filing of a Form 15F, Lincoln Mining's
obligation to file certain reports with the SEC will be immediately suspended.
    Lincoln Mining believes that the costs associated with continuing the
registration of its common shares under the Exchange Act, in particular the
costs associated with complying with the requirements of the Sarbanes-Oxley
Act, outweigh the benefits received by Lincoln Mining from maintaining its
registration.
    Lincoln Mining will continue to meet its Canadian continuous disclosure
obligations through filings with the applicable Canadian securities
regulators. All of Lincoln Mining's filings can be found at the System for
Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
    All scientific and technical information contained in this news release
has been reviewed and approved by Jeffrey L. Wilson, the Vice President,
Exploration of Lincoln Mining, who is a "qualified person" within the meaning
of National Instrument 43-101.

    
    On behalf of Lincoln Mining Corporation

    "Paul Saxton"

    Paul Saxton
    President & CEO

    NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
    THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    

    This news release includes certain forward-looking statements or
information. All statements other than statements of historical fact included
in this release, including, without limitation, statements regarding future
plans and objectives of Lincoln Mining are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Lincoln
Mining's plans or expectations include availability of capital and financing,
general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals, results of exploration
activities, risks inherent in the mineral exploration industry, and other
risks detailed herein and from time to time in the filings made by Lincoln
Mining with securities regulators. Lincoln Mining expressly disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.

    %SEDAR: 00024876E




For further information:

For further information: Paul Saxton at (604) 688-7377

Organization Profile

LINCOLN MINING CORPORATION

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