Lincoln Gold Mining Closes Convertible Note Unit Issuance

Vancouver, BC — October 9, 2025 — Leads & Copy — Lincoln Gold Mining Inc. (TSX.V: LMG) has announced the closure of its previously announced convertible note unit issuance, raising gross proceeds of C$200,000.00 from Ian Rogers.

The Note Units consist of one unsecured convertible debenture and warrants equal to the Principal divided by the Conversion Price, totaling 1,000,000 Warrants. Each Warrant allows the holder to purchase one common share at C$0.20 for 36 months.

The Notes mature in 36 months, accruing interest at 18% per annum, payable at maturity. The noteholder can convert the Principal into Common Shares at C$0.20 per share, up to a maximum of 1,000,000 shares.

The company intends to use the proceeds to complete mineral lease, Bureau of Land Management, and other payments in Nevada, as well as for working capital. No finder’s fees were paid.

Ian Rogers, a director of the Company, acquired the Notes and Warrants for investment purposes and may acquire additional securities or dispose of existing holdings in the future. Mr. Rogers is restricted from converting the Notes or exercising the Warrants to the extent that doing so would result in him holding greater than 19.99% of the Common Shares until disinterested approval from the Company’s shareholders and Exchange approval for the creation of a new Control Person has been obtained.

All securities issued are subject to a four-month hold period under Canadian securities laws and Exchange policies.

Ian Rogers acquired Notes in the principal amount of C$200,000, and 1,000,000 Warrants. An early warning report will be filed by Ian Rogers and available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile.

Contact:
Ian Rogers, Chair of the Board
Phone: 604-688-7377
Email: info@lincolnmining.com
Paul Saxton, President & Chief Executive Officer
Phone: 604-688-7377
Email: saxton@lincolnmining.com

Source: Lincoln Gold Mining Inc.