LTP Capital Ltd. and Lincoln Gold Corporation Provide Update



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

    VANCOUVER, May 4 /CNW/ - LPT Capital Ltd. ("LPT") (TSX-V: LPC.P) and
Lincoln Gold Corp. ("Lincoln") (OTCBB: LGCPF) report that they have agreed to
extend the deadline for completing the transactions relating to the
combination of the businesses of the two companies (the "Merger"). The new
deadline is June 30, 2009. Please refer to the joint information circular of
Lincoln and LPT dated January 19, 2009 (the "Circular"), available on the
SEDAR website, for further details of the Merger.
    The only remaining significant step in completing the Merger is to raise
the funding necessary to carry Lincoln's business plan forward as set forth in
the Circular. Lincoln and LPT report that M Partners Inc. will not act as lead
agent in the financing as had been reported in the companies' joint news
release of March 31, 2009.
    The Merger is intended to be LPT's "Qualifying Transaction" under TSX
Venture Exchange Policy 2.4. The TSX Venture Exchange has granted LPT an
extension to the deadline for completion of its Qualifying Transaction, to
November 14, 2009.

    
    On behalf of LPT Capital Ltd.

    "Philip Walsh"

    Philip J. Walsh
    President & CEO

    On behalf of Lincoln Gold Corp.

    "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.
    

    %SEDAR: 00026392E




For further information:

For further information: LPT Capital Ltd., 1383 Marinaside Cr., Suite
805, Vancouver, BC, V6Z 2W9, Tel: (604) 720-0099; Lincoln Gold Corp., 885
Dunsmuir St., Suite 350, Vancouver, BC, V6C 1N5, Tel: (604) 688-7377

Organization Profile

LINCOLN GOLD CORP.

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LPT CAPITAL LTD.

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