Lincoln Mining acquires El Chapito concession in Chihuahua, Mexico

VANCOUVER, Oct. 2 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln Mining" or the "Company") reports that it has completed the acquisition of the "El Chapito" mineral concession ("El Chapito") consisting of 20 hectares in Chihuahua, Mexico. The Company's La Bufa concession surrounds the El Chapito claim, which is an important addition to the total claim block area. El Chapito has had historic production and the important 'Santo Nino' vein runs across the El Chapito concession into the La Bufa concession. The Company's next drill program will include work on El Chapito.

The El Chapito concession was purchased from Mr. Arturo Perea Saenz of Chihuahua, Mexico for a total cash consideration of USD$60,000.

As the El Chapito concession lies within the La Bufa Property boundary defined in the Option Agreement between Lincoln Mining and Almaden Minerals Ltd., and lies within the "Area of Interest Provisions" contained in that agreement. Almaden Minerals has elected to have the El Chapito concession made subject to the Company's option to earn a 60% interest in the La Bufa Property.

Lincoln Mining Corp. is a Canadian resource company with several projects in various stages of exploration and development, which include the Pine Grove and Hannah properties in Nevada and the La Bufa property in Mexico.

    
    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 ACCURANCY OF THIS RELEASE.
    

THIS PRESS RELEASE INCLUDES 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 COMPANY'S PLANS OR EXPECTATIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY CHANGES, TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY. THE COMPANY EXPRESSLY DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS WHETHER AS A RESULT OF ANY NEW INFORMATION, FUTURE EVENTS OR OTHERWISE REQUIRED BY APPLICABLE SECURITIES LEGISLATION.

SOURCE LINCOLN MINING CORPORATION

For further information: For further information: please contact Investor Relations at (604) 688-7377 or visit the Company's website at www.lincolnmining.com

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LINCOLN MINING CORPORATION

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