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Lincoln Grants Ausgold Resources Pty. Ltd. an Option to Enter Into a Joint Venture for the Development of the Oro Cruz Gold Project

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 16, 2017) – Lincoln Mining Corporation (TSX VENTURE:LMG) (“Lincoln” or the “Company”) is pleased to announce that pursuant to a letter agreement dated May 9, 2017, the Company, through its subsidiary, Lincoln Gold US Corp. (“Lincoln US“), granted Ausgold Resources Pty. Ltd. (“Ausgold“) an option until June 30, 2017 to enter into a joint venture agreement for the development of the Oro Cruz Property located in Imperial County, California (“JV Option“). As consideration for granting the JV Option, Ausgold has paid Lincoln US USD$7,500 and committed to purchasing USD$30,000 worth of securities in the Company’s next private placement.