LMG Lincoln Gold Mining Inc

Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company") is
pleased to announce that, at its Annual General Meeting held on October 30,
2012, the Company received shareholder approval of the financing transactions
that will result in Procon Mining and Tunnelling Ltd. ("Procon") becoming a new
control person of the Company, further to the Company's news release dated
September 5, 2012 and as disclosed in the Company's information circular dated
September 25, 2012 (the "Information Circular").


At the Annual General Meeting, disinterested shareholders approved, by a
majority vote of 99.8%, the following matters relating to the Procon
transactions:




a.  a private placement of a convertible debenture by the Company to Procon
    in an aggregate principal amount of $2,300,000, maturing in three years
    with interest payable at a rate of 6% per annum. The principal amount of
    the debenture is convertible into common shares of the Company on the
    basis of one common share for each $0.10 of principal;
b.  a private placement of 22,000,000 common shares of the Company to Procon
    at a price of $0.05 per share;
c.  a private placement of 10,000,000 common shares of the Company to
    Prairie Enterprises (Alberta) Inc. (a company controlled by Edward
    Yurkowski, CEO and shareholder of Procon) at a price of $0.05 per share;
    and
d.  the appointment by the directors of the Company, at the closing of the
    convertible debenture financing, of four nominee directors of Procon
    resulting in Procon nominee directors constituting a majority of the
    resulting seven member Board of Directors of the Company.



Further details of the transactions are contained in the Information Circular
available on www.sedar.com.


All securities issued under the private placements will be subject to a four
month hold period from the closing date under applicable Canadian securities
laws, in addition to such other restrictions as may apply under applicable
securities laws of jurisdictions outside Canada. The Procon transactions are
subject to receipt of final approval of the TSX Venture Exchange (the "TSXV").


Upon receipt of TSXV approval of the Procon transactions, the Company plans to
close the private placements and director changes on or around November 6, 2012.


Further to the Company's news release dated September 5, 2012 announcing, among
other things, the letter agreement to purchase the Bell Mountain property in
Nevada, the Company plans to enter into the definitive purchase agreement (on
substantially the same terms as the letter agreement) on or around November 16,
2012.


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 PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL
STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE,
INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING FUTURE PLANS AND OBJECTIVES
OF LINCOLN IN RELATION TO COMPLETING PRIVATE PLACEMENT FINANCINGS AND DEVELOPING
THE PINE GROVE AND BELL MOUNTAIN PROJECTS ARE FORWARD-LOOKING STATEMENTS THAT
INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH
STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD
DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. IMPORTANT FACTORS
THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE COMPANY'S PLANS OR
EXPECTATIONS INCLUDE THE RISK THAT ACTUAL RESULTS OF FUTURE EXPLORATION WORK,
INCLUDING DRILL RESULTS AND RESULTS OF ENGINEERING AND METALLURGICAL STUDIES,
WILL NOT SUPPORT THE COMPANY'S PLANS TO ADVANCE ITS NEVADA PROJECTS; THE
UNCERTAINTY OF THE GEOLOGY, GRADE AND CONTINUITY OF MINERAL DEPOSITS (INCLUDING
IN RESPECT OF THE BELL MOUNTAIN PROPERTY) AND THE RISK OF UNEXPECTED VARIATIONS
IN MINERAL RESOURCES, GRADE AND/OR RECOVERY RATES; COST OVERRUNS AND PROJECT
DELAYS; GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS; FLUCTUATING METAL
PRICES; REGULATORY CHANGES; TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND
OTHER RISKS DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE
COMPANY. THE COMPANY MAKES ALL REASONABLE EFFORTS TO UPDATE ITS CORPORATE
MATERIAL, DOCUMENTATION AND FORWARD-LOOKING INFORMATION ON A TIMELY BASIS.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lincoln Mining Corp.
Investor Relations
604-688-7377
604-688-7307 (FAX)
www.lincolnmining.com

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