LMG Lincoln Gold Mining Inc

Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company")
announces that further to the Company's news release dated November 22, 2012
announcing closing of the Procon financings, the Company has signed a definitive
purchase agreement and closed the acquisition of the Bell Mountain property in
Churchill County, Nevada.


Lincoln entered into a Purchase Agreement - Bell Mountain Project dated as of
November 28, 2012 (the "Purchase Agreement") among Lincoln, Lincoln Resource
Group Corp. (Lincoln's wholly-owned Nevada subsidiary) ("LRG"), Laurion Mineral
Exploration Inc. and its Nevada subsidiary Laurion Mineral Exploration USA LLC
(together, "Laurion"), pursuant to which LRG has acquired from Laurion certain
unpatented mining claims and the assignment and assumption of Laurion's option
(the "Bell Mountain Option") to earn a 100% interest in the Bell Mountain
property from Globex Nevada Inc. ("Globex"). The total Bell Mountain land
package is 1,212 hectares (2,900 acres). Further details of the property are
contained in the Company's news release dated September 5, 2012.


The purchase price for the transaction is an aggregate of $2,350,000 cash,
payable by Lincoln to Laurion as follows:




1.  $350,000 within five business days following receipt by Lincoln and
    Laurion of all necessary TSX Venture Exchange approvals to the letter
    agreement between the parties dated September 4, 2012 (paid); 
2.  $350,000 following completion of the $2,300,000 convertible debenture
    financing with Procon Mining and Tunnelling Ltd. (see Lincoln's news
    release dated November 22, 2012). This payment was made to Laurion at
    the closing of the Bell Mountain transaction today; 
3.  $750,000 on completion of a pre-feasibility study for the Bell Mountain
    property. Lincoln shall use its commercially reasonable efforts to
    complete the pre-feasibility study by June 30, 2013; and 
4.  $900,000 on or before five months after completion of the pre-
    feasibility study.



In order to complete the exercise of the Bell Mountain Option to acquire a 100%
interest in the property from Globex, Lincoln must incur an additional
$1,755,000 in exploration expenditures on the property by June 28, 2015.


Pursuant to the Purchase Agreement, Laurion retains the right to reassert its
interests and rights in the Bell Mountain Option in order to be able to exercise
the option to earn a 100% interest in the property in the case that Lincoln does
not complete the remaining expenditure requirements of $1,755,000, Lincoln
defaults on any of the other obligations assumed under the Bell Mountain Option,
or fails to complete the remaining payments under the Purchase Agreement.


The Bell Mountain property is also subject to two royalties which will take
effect upon commencement of commercial production. The first royalty is held by
N.A. Degerstrom Inc. (a previous property owner/operator) which retains a 2% net
smelter return royalty, which can be acquired for US$167,000. In addition,
Globex will maintain a sliding-scale gross metal royalty ("GMR") on all mineral
production (gold, silver, etc.) benchmarked upon the price of gold (1% GMR at a
gold price under US$500/troy ounce, 2% GMR at a gold price between US$500 and
US$1200/troy ounce and 3% GMR at a gold price over US$1200/troy ounce).


Pursuant to the Globex Agreement, upon exercise of the option and the
acquisition of a 100% interest in the Bell Mountain property from Globex,
Lincoln (as assignee of Laurion) would be required to pay annually a $20,000
advanced royalty payment which would be credited against the royalty payable to
Globex described above.


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 and the Bell Mountain gold properties 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 its Nevada
subsidiaries, Lincoln Gold US Corp. and Lincoln Resource Group Corp.


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 paying the remaining balance of the purchase price for
the Bell Mountain transaction, completing a pre-feasibility study on the Bell
Mountain project and incurring the remaining expenditures required to exercise
the Bell Mountain Option, 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 the Bell Mountain project; risks
relating to delays in the preparation of geological reports; 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;
availability of additional capital and financing required to fund the remaining
portion of the Bell Mountain purchase price and the remaining expenditures to
exercise the Bell Mountain Option; the risk that the Company will not receive
all necessary United States regulatory approvals in relation to the Procon and
Bell Mountain transactions as planned, or that the necessary approvals will
require modifications to the terms of the transactions; US regulatory review of
the Procon and Bell Mountain transactions may result in regulatory orders or
other action that may have an adverse effect on the business, operations or
assets of the Company in the United States, including in relation to the Bell
Mountain project; 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 Corporation
Investor Relations
604-688-7377
604-688-7307 (FAX)
www.lincolnmining.com

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