Lincoln Gold Completes Transfer of BLM Plan of Operations for Bell Mountain Project, Advancing Project Permitting and Operational Control in Nevada

15:00 Uhr  |  The Newswire

Vancouver, June 1, 2026 - Lincoln Gold Mining Inc. (TSXV:LMG) ("Lincoln" or the "Company") announces that the Bureau of Land Management ("BLM") Plan of Operations for the Bell Mountain Gold-Silver Project ("Bell Mountain" or the "Project"), located in Churchill County, Nevada, USA, has been formally transferred into the Company's wholly owned subsidiary Lincoln Resource Group Corp.

This represents a further consolidation of operational control and permitting interests for Bell Mountain following the Company's previously announced acquisition completed in January 2025.

The Company notes that the mineral claims and Water Pollution Control Permit were previously transferred. With completion of the BLM Plan of Operations transfer, the core mineral tenure and principal operational permits associated with Bell Mountain are now consolidated within the Company's subsidiary structure.

Project Advancement

Bell Mountain is an advanced-stage gold-silver project supported by prior technical evaluation, including a previously filed NI 43-101 Preliminary Economic Assessment ("PEA") outlining a conceptual heap leach development scenario based on current assumptions.

Completion of the operational transfer strengthens the Project's execution framework as Lincoln advances ongoing technical evaluation, engineering work, and development planning activities, while continuing discussions with potential financing partners.

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."

Next Phase and Capital Strategy

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.

Project Background

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 for the transaction included common shares of the Company and a net profits interest ("NPI") royalty, as previously disclosed.

About the Company

Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company headquartered in Vancouver, British Columbia.

The Company's 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. The region benefits from established infrastructure, experienced mining workforce availability, and a long history of precious metals production.

Together, these assets represent a complementary development portfolio positioned along a staged advancement pathway, with Bell Mountain representing the nearer-term development focus and Pine Grove providing longer-term scale potential.

Lincoln is focused on advancing its portfolio through staged development, technical de-risking, and capital formation initiatives, with the objective of progressing toward mid-tier gold producer status.

For further information, please contact:

Lincoln Gold Mining Inc.
Ian Rogers, Chairman and CEO
Phone: 604-688-7377 or Direct: 403-991-6991
Email: info@lincolnmining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including statements regarding the Company's plans for the Bell Mountain Project, potential financing, and future development activities. Forward-looking statements are based on a number of assumptions believed by management to be reasonable but are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated. Such risks include, but are not limited to, the availability of financing, changes in market conditions, permitting risks, operational risks, and other risks inherent in mineral exploration and development. There can be no assurance that forward-looking statements will prove to be accurate, that financing will be obtained, or that the Project will be developed on the timeline currently contemplated or at all. Readers are cautioned not to place undue reliance on forward-looking statements, and the Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable securities laws.

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