ORO CRUZPINE GROVE (Wilson) PINE GROVE (Wheeler)

Projects Update – February 2015

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M E X I C O

O r o C r u z

California

P i n e G r o v e

Nevada

C A N A D A

U N I T E D S TAT E S

Pine Grove - Wheeler Deposit Pine Grove - Sugarloaf Pine Grove - Drill ing on Wilson Deposit

Lincoln Mining Claims Boundary Wilson & Wheeler Patents

Wilson & Wheeler Deposits 70 ft. Haul Road & Road to Water Supply Well FEET

6,0004,0002,000

MILES0

0

1

N

GATE

GATE

4 STRAND BARBWIREFENCE

NFD 059 RDMONITORING WELL

MONITORING WELL

MONITORING WELL

MONITORING WELL

70 FT HAUL ROAD

WASTE ROCK DISPOSAL FACILITY AND ORE STOCKPILE

HEAP LEACH PAD

PROCESS PONDS

SECURITY OFFICE

GROWTH MEDIA STOCKPILE

ADR PLANT ADMINISTRATION AREA

PINE GROVE PROJECT � SITE LAYOUT

LINCOLN MINING CLAIMS BOUNDARY

S u g a r l o a fR2

6E

R2

5E

T9N

T10N

36 31 32 33

1 5

WILSON PIT

WHEELER PIT

MINERAL PATENT

MINERAL PATENT

MILLSITE PATENT

The Pine Grove property is envisioned as an open-pit mine. The image above shows the project proposed layout.

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R E C E N T E V E N T SFrom January 2013 through to March 2014, the advancement of Lincoln Mining’s projects in the United States was restricted and conditional upon the Company satisfying certain terms of an Order of the Committee on Foreign Investment in the United States (“CFIUS”), for a major shareholder to divest its entire investment in Lincoln Mining to a third party investor that was acceptable to CFIUS. On March 3, 2014, the Company announced that the divestment had been completed. Mr. Ronald K. Netolitzky, a Canadian mining entrepreneur, acquired 46,000,000 common shares of Lincoln. For details see Lincoln Mining news releases dated March 3, 2014. Since May 2014, permitting and biological surveys have been underway at the Pine Grove project. Survey results will provide baseline biological data required for the property. Lincoln is also advancing a Plan of Operations with the U.S. Forest Service and the Plan of Operations for geotechnical work and drilling will require some additional cultural surveys to cover all of the areas affected.On October 27, 2014, Lincoln announced that the British Columbia Securities Commission (“BCSC”) had reviewed the Company’s NI 43-101 technical report for its Pine Grove project, prepared by Telesto Nevada, Inc., dated December 8, 2011 (the “Report”). As a result of the BCSC review, on February 16, 2015, Lincoln filed a NI 43-101 technical report entitled “Amended and Restated NI 43-101 Preliminary Economic Assessment for the Pine Grove Project, Lyon County, Nevada.” The amended report discloses Total Measured and Indicated Resources within the pit shell of 134,500 ounces (at 0.007 opt cutoff) which reflects a difference of approximately 7% (11,000 ounces) from the original technical report’s disclosure of Measured and Indicated resources within the pit shell (see news release dated December 9, 2011). Lincoln remains committed to its exploration and development programs in the United States, with a primary goal of developing its Nevada property into an open-pit, heap-leach mining operation. For more detailed information on the Company’s projects, please visit the Company’s website at www.lincolnmining.com.

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PROJEC T DEVELOPMENT PLANS Pine Grove Property Lincoln holds 100% interest in the Pine Grove gold property. It is a development-stage project located in Lyon County, Nevada. The original preliminary economic assessment (“PEA”) by Telesto Nevada, Inc. was announced in December 2011. As noted above, the Company filed an amended and restated PEA for the Pine Grove project on February 16, 2015. Once funding is in place, Lincoln is planning the following work programs:

Conducting geotechnical core drilling, condemnation and monitor well drilling programs.Permitting will include complete base-line biology studies, base-line cultural studies, waters of the U.S. and wet lands study, complete hydrologic basin study, the submission of a U.S. Forest Service Plan of Operations and Bond to do work. Formal permitting procedures have begun. The Company also plans to initiate a Prefeasibility Study for the Pine Grove property and will continue to advance the project towards production.

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This document includes forward-looking statements that involve risk, uncertainties and are subject to financing, general economic and market conditions. The preliminary economic assessment is preliminary in nature and includes some inferred mineral resources that are considered too speculative geologically to have the economic consider-ations applied to them to be categorized as mineral reserves. There is no certainty that the preliminary economic assessment will be realized. The reported mineral resources are not mineral reserves and do not have demonstrated economic viability. Paul Saxton, the Company’s President & CEO and a “qualified person” under National Instrument 43-101, reviewed and approved the scientific and technical information contained in this document.

M E X I C O

O r o C r u z

California

P i n e G r o v e

Nevada

C A N A D A

U N I T E D S TAT E S

Oro Cruz - Mineralized Zone Oro Cruz Pit - East ViewOro Cruz - Main Decline

Elevation in feet Elevation in feet

1,500

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500

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-500-500

1,500

1,000

500

Oro Cruz Pit Underground Workings

57.5 ft of 0.389 opt Au

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Oro Cruz ProjectLong Section through Mineralization

Looking Northward

Schematic of Oro Cruz Pit & Underground Workings

Bell Mountain Property Lincoln finalized a purchase agreement to acquire a 100% interest in the Bell Mountain property in November 2012. The property is located in the Fairview Mining District, Churchill County, Nevada. Lincoln completed a 32-hole drill program at Bell Mountain in May 2013 and recently filed an amended and restated NI 43-101 technical report for the Bell Mountain property on December 2, 2014.

On February 4, 2015, Lincoln announced the termination of the Bell Mountain purchase agreement due to outstanding payments on the property. Laurion Mineral Exploration Inc. has given notice it has terminated the Bell Mountain purchase agreement and intends to proceed with the claim to reassert its rights and interests in the property. Lincoln Mining is exploring its options to preserve its interest in the Bell Mountain property.

Oro Cruz Property Located in Imperial County, Tumco Mining District, California, Oro Cruz is a pre-development stage gold project and a NI 43-101 technical report filed September 21, 2010 reported Inferred gold resources of 376,600 ozs gold @ 0.01 opt cutoff grade. See Oro Cruz gold resource summary on back page.

In June 2013, Lincoln announced that it had signed a full and final settlement agreement with its joint venture partner on the Oro Cruz and La Bufa projects. Under the settlement, both parties agreed to terminate the agreement for the following consideration: Lincoln made a final payment to the joint venture partner at which time 100% interest of the Oro Cruz project reverted back to Lincoln and that Lincoln shall take all commercially reasonable steps to market and sell the La Bufa property, with the net proceeds of such sale (after allow-able expenses) to be split equally between both parties. This has now been completed.

Lincoln plans to restart advancement of the Oro Cruz property as soon as funding can be arranged. Activities planned for the project may include the following:

Confirmation drilling to upgrade the resources from Inferred to Measured and Indicated. Seven core holes and 20 reverse circulation holes will be required in the immediate Oro Cruz pit area.

Conduct detailed geological mapping of the pit and resource area.

Consider potential for both underground and open-pit mining, or a combination of both.

Permitting, develop a revised mine model database and install a recording weather station.

Advance the project towards a Preliminary Economic Assessment.

Satellite view of the Pine Grove gold project looking west.

Schematic of the Oro Cruz pit, main decline and under-ground workings. Gold mineralization remains exposed in the open-pit and also in the underground workings.

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This document includes forward-looking statements that involve risk, uncertainties and are subject to financing, general economic and market conditions. The preliminary economic assessment is preliminary in nature and includes some inferred mineral resources that are considered too speculative geologically to have the economic consider-ations applied to them to be categorized as mineral reserves. There is no certainty that the preliminary economic assessment will be realized. The reported mineral resources are not mineral reserves and do not have demonstrated economic viability. Paul Saxton, the Company’s President & CEO and a “qualified person” under National Instrument 43-101, reviewed and approved the scientific and technical information contained in this document.

Lincoln Mining Corporation350 - 885 Dunsmuir Street

Vancouver, British Columbia V6C 1N5 Canada

Pine Grove - Drill ing on Wilson Deposit Oro Cruz - Portal Pine Grove District - Looking East

OVERVIEW Lincoln Mining Corporation is a Canadian precious metals exploration and development company headquartered in Vancouver, British Columbia. The Company holds two projects located in western United States.

Lincoln’s core project is located in western Nevada; the Pine Grove property, is a development-stage gold project. The Oro Cruz property is a pre-development stage gold project, located in southeastern California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both are Nevada corporations.

The Company’s primary focus in 2015 will be fund raising in order to advance its project in Nevada through the pre-feasibility, permitting and construction phases. Lincoln plans to develop the Pine Grove project into an open-pit, heap-leach mining operation. Permitting and exploration at the Oro Cruz project in California will commence once funding become available.

Drilling, geotechnical and exploration recommendations presented in the Pine Grove project PEA, dated February 4, 2015, will be considered when planning future drill programs. Infill and offset drilling in the area of the Wilson deposit, offset drilling and deep drilling east of the Wheeler pit area will also be reviewed. As the project has significant exploration potential, expansion drilling programs along structural trends and known outlying anomalous intercepts will be developed as funding becomes available.

Lincoln trades on the TSX Venture Exchange under the symbol LMG and on the Frankfurt Stock Exchange as symbol ZMG1.

PINE GROVE Gold Resources

For More Information Contact:

Paul Saxton, President & CEOTel: 604-688-7377 or Email: info@lincolnmining.comWeb: lincolnmining.com

Please visit the Company’s website for more detailed information on each of its projects.

ORO CRUZ Gold Resources

Preliminary Economic Assessment by Welsh Hagan Associates (formerly Telesto Nevada, Inc.), announced on February 16, 2015.

Total Measured and Indicated gold resources of 3,373,000 tons grading 0.040 opt gold at cutoff grade of 0.007 opt gold (134,500 ozs gold).

Total Inferred gold resources of 160,000 tons grading 0.041 opt gold at cutoff grade of 0.007 opt gold (6,600 ozs gold).

Estimated heap leach gold recovery at 75%.

Significant exploration potential exists beyond current resources.

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NI 43-101 technical report on Oro Cruz details an Inferred gold resource of 341,800 ozs gold contained in 4,835,000 tons with an average grade of 0.070 opt (2.20 g/t) gold at a 0.02 opt cutoff grade; or 376,600 ozs gold in 7,860,000 tons with an average grade of 0.050 opt (1.60 g/t) gold at a 0.01 opt cutoff grade; or 306,900 ozs gold in 3,418,000 tons with an average grade of 0.090 opt (3.08 g/t) gold at a 0.03 opt cutoff grade.

Technical report recommends twin-hole drill program to convert Inferred resources to Indicated and Measured categories, bulk density tests and metallurgical tests.

Multiple exploration targets and several satellite gold zones offer potential for increasing resources.

Cautionary Statements Disclaimer: This document may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, potential mineral recovery process, availability of capital and financing, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. The preliminary economic assessment is preliminary in nature and includes some inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them to be categorized as mineral reserves. There is no certainty that the preliminary economic assess- ment will be realized. The reported mineral resources are not mineral reserves and do not have demonstrated economic viability. Actual results may differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on such statements. Paul Saxton, the Company’s President & CEO and a “qualified person” under National Instrument 43-101, reviewed and approved the scientific and technical information contained in this document.