Lincoln Gold Secures BLM Plan of Operations Transfer for Bell Mountain Project, Consolidating Permitting Control

Lincoln Gold Mining Inc. (TSXV:LMG) announced today that the Bureau of Land Management (BLM) Plan of Operations for its Bell Mountain Gold-Silver Project in Churchill County, Nevada, has been formally transferred to its wholly owned subsidiary, Lincoln Resource Group Corp. This transfer completes the consolidation of principal operational permits and mineral tenure for the project, following the Company's acquisition completed in January 2025.

The BLM Plan of Operations is a key regulatory approval required for mining activities on federal land. Its transfer to Lincoln's subsidiary follows the earlier transfer of mineral claims and a Water Pollution Control Permit. With all core permits now under one entity, Lincoln strengthens its operational control and positions Bell Mountain for the next phase of development.

Bell Mountain is an advanced-stage gold-silver project with a previously filed NI 43-101 Preliminary Economic Assessment (PEA) that outlines a conceptual heap leach development scenario. The project's permitting framework and prior technical work provide a foundation for ongoing engineering and development planning. Ian Rogers, Chairman and CEO of Lincoln Gold Mining Inc., stated: "Completion of the BLM Plan of Operations transfer represents another important milestone in the consolidation of Bell Mountain within Lincoln's operating structure. With the principal permits and mineral tenure now consolidated under the Company's subsidiary structure, Lincoln is positioned to continue advancing technical evaluation, engineering, and development planning activities at Bell Mountain. We continue to engage with potential financing partners as we evaluate the next phase of project advancement."

The Company is actively progressing discussions with potential financing partners regarding funding options for Bell Mountain. Subject to securing financing and customary approvals, Lincoln intends to continue advancing engineering and development planning activities. The Bell Mountain Project was acquired from Eros Resources Corp. and its wholly owned subsidiary Bell Mountain Exploration Corp. pursuant to a definitive agreement dated November 3, 2023, as amended. Consideration included common shares of the Company and a net profits interest royalty.

Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company headquartered in Vancouver, British Columbia. Its portfolio includes the Bell Mountain Gold-Silver Project and the Pine Grove Gold Project, both located in Nevada, USA. Bell Mountain is an advanced-stage project with permitting in place and is being advanced toward development and potential production, subject to financing and customary approvals. Pine Grove is a larger-scale project currently in the permitting and development evaluation stage. Both projects are located approximately 61 air miles apart within Nevada's Walker Lane mineral belt, a highly prospective and well-established mining jurisdiction hosting multiple producing mines and advanced development projects.

Completion of the BLM Plan of Operations transfer marks a critical step in consolidating control and advancing Bell Mountain. With principal permits now in place, Lincoln is positioned to focus on technical evaluation, engineering, and financing to move the project toward development. The Company's strategy emphasizes staged development, technical de-risking, and capital formation, with Bell Mountain as the nearer-term focus and Pine Grove providing longer-term scale potential.

Forward-looking statements in this release are based on assumptions believed reasonable by management but are subject to risks including financing availability, market conditions, permitting risks, and operational risks. Readers are cautioned not to place undue reliance on forward-looking statements.