Lincoln Gold Corporation and LPT Capital Ltd. Sign Definitive Business Combination Agreement



    
    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
    THE UNITED STATES/
    

    VANCOUVER, Jan. 22 /CNW/ - Paul Saxton, representing Lincoln Gold
Corporation (Lincoln) and Philip Walsh, representing LPT Capital Ltd. (LPT),
are pleased to provide this update on the status of their proposed business
combination first announced in the joint news release dated October 10, 2008.
    Lincoln and LPT have signed a definitive agreement relating to the
business combination and the Supreme Court of British Columbia has issued an
order permitting Lincoln to call a meeting of shareholders to consider the
approval of the transaction. The Lincoln meeting and a meeting of the
shareholders of LPT are being held on February 18, 2009.
    The companies are today mailing to their shareholders notices of their
meetings as well as a joint information circular. The joint information
circular provides full particulars of the business combination, as well as a
fairness opinion relating to the transaction and also will be available on
SEDAR (www.sedar.com).
    Subject to satisfying the conditions of the business combination,
including various approvals and a concurrent financing, the companies
anticipate closing the business combination and related transactions in late
February 2009. The focus of the combined companies will be to advance the Pine
Grove (Nevada) project to production in the short term and the continued
exploration at the La Bufa (Mexico) project.

    
    On behalf of LPT Capital Ltd.           On behalf of Lincoln Gold Corp.

    "PHILIP J. WALSH"                       "PAUL SAXTON"

    Philip J. Walsh                         Paul Saxton
    President & CEO                         President & CEO
    

    Forward-Looking Statements: This press release contains forward-looking
statements about LPT Capital Ltd. and Lincoln Gold Corporation and their
respective businesses and future plans, including the planned transaction,
concurrent financing and proposed business. Forward-looking statements are
statements that are not historical facts and include: the nature of the
transaction and timing of the proposed transaction. The forward-looking
statements in this press release are subject to various risks, uncertainties
and other factors that could cause post-transaction actual results or
achievements to differ materially from those expressed in or implied by
forward-looking statements. These risks, uncertainties and other factors
include, without limitation, uncertainty post-transaction as to LPT's and
Lincoln's abilities to achieve the goals and satisfy the assumptions of
management; uncertainties as to the availability and cost of financing; the
risk that development projects will not be completed successfully or in a
timely manner; general economic factors and other factors that may be beyond
the control of the parties. Forward-looking statements are based on the
beliefs, opinions and expectations of the management of LPT and Lincoln, at
the time they are made, and LPT and Lincoln do not assume any obligation to
update its forward-looking statements if those beliefs, opinions or
expectations, or other circumstances, should change, except as required by
law.

    
    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
    OR ACCURACY OF THIS RELEASE.
    





For further information:

For further information: Paul Saxton at (604) 688-7377 and Philip Walsh
at (604) 720-0099

Organization Profile

LINCOLN GOLD CORP.

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LPT CAPITAL LTD.

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