Lincoln Gold Mining Inc. Announces Conditions Met for Ian Rogers to Become Control Person

Vancouver, BC, July 31, 2026 — Leads & Copy — Lincoln Gold Mining Inc. (TSX.V: LMG) announced today that it has met the conditions set by the TSX Venture Exchange for Ian Rogers to be recognized as a “Control Person” of the Company. This follows the previously announced approval from the Company's disinterested shareholders. With these conditions satisfied, Mr. Rogers is now permitted to convert or exercise all convertible securities he holds into common shares of Lincoln Gold.

Currently, Mr. Rogers holds beneficial ownership and exercises control and direction over 4,942,000 common shares, representing approximately 17.17% of the Company's issued and outstanding shares. This position allows him to proceed with the conversion of convertible notes and the exercise of warrants or options, potentially increasing his stake to over 19.99% of the Company's common shares at the time of such transactions.

An Early Warning Disclosure filed by Mr. Rogers details his holdings. As of the release date, he controls 4,942,000 common shares, or 17.17% of the 28,783,010 common shares then outstanding. Additionally, he holds 11,100,000 convertible securities, including convertible notes, warrants, and options. On a partially diluted basis, after accounting for the conversion and exercise of these securities, this would represent approximately 40.22% of the issued and outstanding common shares, assuming no further shares are issued.

With the necessary shareholder approval and Exchange conditions met, Mr. Rogers can now convert or exercise his convertible securities to acquire a stake exceeding 19.99% of the issued and outstanding common shares, on a post-conversion or exercise basis.

An early warning report concerning these holdings will be filed by Mr. Rogers with the relevant Canadian securities regulatory authorities and will be accessible on SEDAR+ under Lincoln Gold Mining Inc.'s profile. The report will contain further details on his transactions and intentions.

The Company noted that Mr. Rogers may, depending on market conditions and other factors, acquire additional common shares, warrants, or other securities of Lincoln Gold, or dispose of his current holdings. As a director, he is also eligible to receive stock options under the Company's stock option plan.

Lincoln Gold Mining Inc. is a Canadian precious metals development and exploration company based in Vancouver, BC. The Company owns interests in the Bell Mountain gold-silver property, which is fully permitted and progressing towards production. It also holds the Pine Grove gold property, a larger project in the final stages of permitting. Both projects are located in the Walker Lane mineral belt, a region known for its significant gold and silver deposits, and are situated within 61 air miles of each other. Lincoln Gold aims to become a mid-tier gold producer.

Source: Lincoln Gold Mining Inc.