Lincoln executes drilling contract Pine Grove gold property, Nevada

VANCOUVER, Nov. 9 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln Mining" or the "Company") is pleased to announce that it has signed a drilling contract with Diversified Drilling LLC to drill approximately 50 reverse-circulation holes on its Pine Grove gold property in Lyon County, Nevada. Total drill footage is estimated at between 14,000 to 15,000 ft and the average hole depth is expected to be around 300 ft. Drilling is planned to commence in mid November and will focus on the Wilson and Wheeler gold deposits, which are located on patented claims (private property). Weather permitting, drilling should be completed in about 60 days.

The goal of the drilling program is to reaffirm the existing resource estimate and raise the resource category from inferred to indicated and measured resources. As well some step out drilling will be completed. A much larger exploration program is planned for early 2010. Gold resources (NI 43-101 compliant Sept. 30, 2008) in the Wheeler and Wilson deposits are estimated by MineFill Services Inc. at 6.06 million tons inferred 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, as reported on SEDAR on January 22, 2009.

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.

The Company also wishes to announce the appointment of Sabrina Jones as its new Corporate Secretary and Vice President Corporate Affairs. Ms. Jones has a Bachelor's degree in Economics and has held various accounting and administrative management positions in both public and private companies.

The Company wishes to thank Mary Martin for her contributions as past Corporate Secretary.

We plan to have an update on our Mexican La Bufa property shortly.

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 gold property and the La Bufa gold-silver property in Mexico. In the United States, the Company operates under Lincoln Gold US Corp., a Nevada corporation.

    
    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 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 EXPECTATIONS 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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