Lincoln Gold Mining Announces Conditional Approval of First Tranche of Private Placement

July 10, 2025 — NewsWall — Lincoln Gold Mining Inc. (TSX.V: LMG) has received conditional approval from the TSX Venture Exchange for the first tranche of its non-brokered private placement financing, aiming to raise up to $1,200,000 through the issuance of 8,000,000 units at $0.15 per unit.

The initial tranche will consist of 1,904,000 units, generating gross proceeds of $285,600, with closure expected on July 16, 2025, or a later date determined by the company.

According to Mr. Paul Saxton, the private placement garnered significant interest, fully subscribing the $1.2 million target. However, due to objections from certain shareholders, the Exchange has limited the number of shares issued in the first tranche. These dissenting shareholders are part of a group for which the Company has scheduled its annual general meeting (AGM) on August 15, 2025. Management offered participation in the Private Placement to all interested members of the dissenting group, but no subscription agreements were returned.

The company intends to allocate the funds from this first tranche towards general administrative expenses, supporting the progression of the Bell Mountain Project towards production.

Each unit includes one common share and one-half of a non-transferable common share purchase warrant. A full warrant allows the holder to buy an additional common share at $0.35 within 24 months of the Private Placement's closing.

All securities from the Private Placement will face a four-month hold period, as per securities laws. The closing is conditional upon securing all necessary regulatory approvals, including from the TSXV.

Paul Saxton, President & CEO. Phone 604 688 7377, Direct 604 961 5252, Email: saxton@lincolnmining.com

Source: Lincoln Gold Mining Inc.