NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company") is
pleased to announce that it has closed the previously announced private
placement.


The Company issued a total of 909,090 units at a price of $0.11 per unit
("Units") for total proceeds of $100,000. Each Unit is comprised of one common
share of the Company and one-half of one non-transferable common share purchase
warrant. Each whole purchase warrant will entitle the holder to acquire one
additional common share of the Company at a price of $0.22 per share until
December 21, 2013.


No commissions or finder's fees were paid in connection with the private
placement. All securities issued or issuable under the private placement will be
subject to a four month hold period in Canada expiring on April 22, 2012, in
addition to such other restrictions as may apply under applicable securities
laws of jurisdictions outside Canada.


A director of the Company purchased 445,454 Units under the private placement,
as disclosed in the Company's material change report of even date.


Lincoln intends to use the proceeds raised from the private placement to advance
the work programs on its mineral projects and for general working capital and
administrative purposes.


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 in Nevada, the Oro Cruz gold property
in California 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, President & CEO

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the Company's securities in the United States. The
securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "1933 Act"), or any state securities
laws and may not be offered or sold within the United States or to U.S. persons
unless registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration is available.


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