Lincoln Mining expands claim block at Pine Grove property, Nevada

VANCOUVER, Sept. 29 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln Mining" or the "Company") is pleased to announce that it has staked an additional 29 lode claims at its Pine Grove gold property in Lyon County, Nevada. The property now consists of a total of 221 claims or nearly 7 square miles controlled by Lincoln Mining in the historic gold district. The new claims cover gently sloping ground suitable for heap leach operations and processing facilities required to advance the project to production. Exploration potential also exists on a portion of the new claims.

Gold resources (NI 43-101 compliant) in the Wheeler and Wilson deposits are estimated by MineFill Services Inc. at 6.06 million tons grading 0.053 opt gold at a cutoff grade of 0.010 opt gold (assays capped at 0.500 opt gold) containing approximately 320,000 ozs gold. An infill drilling program is in progress based on 2009 exploration holes with gold intercepts. As numerous geochemical targets remain untested, the project holds potential for the extension of mineralized areas.

Mr. Jeffrey Wilson, the Company's Vice President and Chief Operating Officer and a Qualified Person under National Instrument 43-101, supervised the preparation of this news release.

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 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 COMPANIES' PLANS OR EXPECTIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY CHANGES, TIMELINES OF GOVERNMENT OR REGULATORY APPROVLALS 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: 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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