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

About this update from Lincoln Gold Mining Inc

(via TheNewswire)     Vancouver, British Columbia – TheNewswire - 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...

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