Lincoln Gold Receives Demand for Loan Repayment

(TheNewswire)

Vancouver, BC, August 12, 2025 – TheNewswire - Lincoln Gold Mining Inc.(TSX.V:LMG) (“ Lincoln Gold ” orthe “ Company ”) announces that the Company has received a joint notice(the “ Notice ”) from certain arms’ length creditors of the Company(the “ Creditors ”) providing notice to the Company that the Creditors maydemand repayment of all indebtedness or take such other actions asthey consider appropriate. The notice advises that should theindebtedness of approximately $1,000,000 remain outstanding as of 5:30pm (PST) on August 18, 2025 and a major change to the board ofdirectors and/or management of the Company occurs following theupcoming annual general meeting of the Company on August 15, 2025, theCreditors will take such actions as they consider appropriate in orderto protect their investments.

Management of the Company will continue to engage withthe Creditors to facilitate an orderly repayment of the indebtednessand has already taken steps to reduce the debt obligation, includingthrough the proposed settlement of a portion of this indebtednessthrough a shares for debt transaction, as previously announced onAugust 5, 2025. Closing of the potential shares for debt transactionremains subject to TSX Venture Exchange approval.

About Lincoln Gold MiningInc.:

Lincoln is a Canadian precious metals exploration anddevelopment company headquartered in Vancouver, BC. The Company holdsinterest in the Bell Mountain gold-silver property and the Pine Grovegold property which are within 61 air miles of each other, located inthe highly prospective Walker Lane mineral belt that is known for itsnumerous gold and silver deposits. Lincoln is committed to maintainingsteady and robust progress towards its goal of becoming a mid-tiergold producer.

For further information, pleasecontact:

Lincoln Gold Mining Inc.

Paul Saxton, President and Chief ExecutiveOfficer

Phone: 604-688-7377
Email: saxton@lincolnmining.com

Neither TSXVenture Exchange nor its Regulation Service Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease .

Cautionary Note RegardingForward-Looking Information

This release includes certainstatements and information that may constitute forward-lookinginformation within the meaning of applicable Canadian securities laws.Forward-looking statements relate to future events or futureperformance and reflect the expectations or beliefs of management ofthe Company regarding future events. Generally, forward-lookingstatements and information can be identified by the use offorward-looking terminology such as "intends" or"anticipates", or variations of such words and phrases orstatements that certain actions, events or results "may","could", "should", "would" or"occur". This information and these statements, referred toherein as "forward-looking statements", are not historicalfacts, are made as of the date of this news release and includewithout limitation, statements regarding discussions of future plans,estimates and forecasts and statements as to management'sexpectations and intentions with respect to, among other things:potential changes to board and management of the Company and thepotential Creditor response as well as regulatory and TSX Venture Exchangeapproval of the previously announced shares for debttransaction.

These forward-looking statementsinvolve numerous risks and uncertainties and actual results mightdiffer materially from results suggested in any forward-lookingstatements. These risks and uncertainties include, among other things,the risks that: the Company will be unable to repay the indebtednesson the timeline sought, the risk that changes will be made to theboard of directors and management the Company, the risk that theCreditors may pursue legal remedies for repayment of the indebtedness;and the risk that the Company is unable to obtain necessary regulatoryand TSX Venture Exchange approvals for the previously announced sharesfor debt transaction.

In making the forward lookingstatements in this news release, the Company has applied severalmaterial assumptions, including without limitation, that: managementwill be able to negotiate repayment of the indebtedness to Creditorson terms which are reasonable to the Company; and that necessaryregulatory approvals, including TSX Venture Exchange approval, for thepreviously announced shares for debt transaction will beobtained.

Although management of the Companyhas attempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements or forward-looking information, there may be other factorsthat cause results not to be as anticipated, estimated or intended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements andforward-looking information. Readers are cautioned that reliance onsuch information may not be appropriate for other purposes. TheCompany does not undertake to update any forward-looking statement,forward-looking information or financial out-look that areincorporated by reference herein, except in accordance with applicablesecurities laws.

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