Lincoln Mining Announces Proposed Share Consolidation

Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company")
announces that the Company will seek shareholder approval to consolidate the
Company's common shares on the basis of one (1) post-consolidation common share
for every five (5) pre-consolidation common shares. Shareholders will be asked
to approve the share consolidation by majority vote at the Company's annual
general and special meeting of shareholders set for Monday September 16, 2013.


Management believes the share consolidation will provide the Company with
greater flexibility in its ability to finance the Company and advance its
projects. The Company currently has no plans to change its name in connection
with the proposed share consolidation. The share consolidation will be subject
to applicable regulatory approval including the TSX Venture Exchange.


The Company currently has an aggregate of 158,860,203 common shares issued and
outstanding. It is anticipated that upon completion of the share consolidation,
there will be approximately 31,772,040 common shares issued and outstanding,
subject to any existing share purchase warrants and stock options being
exercised prior to the effective date of the consolidation.


The Company currently has outstanding warrants exercisable to purchase an
aggregate of 1,640,515 common shares at an exercise price of $0.22 per share.
Upon completion of the share consolidation, there would be warrants outstanding
to purchase an aggregate of 328,103 common shares at an exercise price of $1.10
per share, based on the current number of outstanding warrants.


The Company currently has outstanding stock options exercisable to purchase an
aggregate of 4,425,000 common shares at exercise prices ranging from $0.19 to
$0.29. Upon completion of the share consolidation, there would be stock options
outstanding to purchase an aggregate of 885,000 common shares at exercise prices
ranging from $0.95 to $1.45, based on the current number of outstanding stock
options.


As a result of the proposed share consolidation, the conversion price of the
Company's outstanding convertible debenture in the principal amount of
$2,300,000 would be adjusted from $0.10 per share to $0.50 per share.


Shareholders are encouraged to read the information circular that will be mailed
to them as it contains important information regarding the proposed share
consolidation. The circular will also be available on SEDAR (www.sedar.com) and
on the Company's website (www.lincolnmining.com).


The Company also reports that further to its news releases of June 18, 2013 and
July 2, 2013 announcing unsecured demand loans in the aggregate principal amount
of $650,000, the loans, which were advanced by Prairie Enterprises (Alberta)
Inc., have been combined into one unsecured demand loan in the aggregate
principal amount of $650,000 bearing interest at the rate of 10% per annum,
payable monthly. The lender is a company owned and controlled by Edward
Yurkowski, a director of Lincoln.


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 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 Lincoln Gold US Corp.
and Lincoln Resource Group Corp. both Nevada corporations. The Company's United
States operations remain subject to an order issued by the Committee on Foreign
Investment in the United States, as disclosed in the Company's news release
dated June 18, 2013. 


On behalf of Lincoln Mining Corporation 

Paul Saxton, President & CEO 

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.


INCLUDED IN THIS RELEASE, INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING
FUTURE PLANS AND OBJECTIVES OF LINCOLN MINING IN RESPECT OF PLANS FOR THE
PROPOSED SHARE CONSOLIDATION AND ANY PERCEIVED BENEFITS 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
COMPANIES' PLANS OR EXPECTATIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING,
GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, 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
www.lincolnmining.com