Original News Release
Lincoln Gold receives demand to repay loan
Mr. Paul Saxton reports
LINCOLN GOLD RECEIVES DEMAND FOR LOAN REPAYMENT
Lincoln Gold Mining Inc. has received a joint notice from certain arm's-length creditors of the company providing notice to the company that the creditors may demand repayment of all indebtedness or take such other actions as they consider appropriate. The notice advises that should the indebtedness of approximately $1-million remain outstanding as of 5:30 p.m. PT on Aug. 18, 2025, and a major change to the board of directors and/or management of the company occurs following the upcoming annual general meeting of the company on Aug. 15, 2025, the creditors will take such actions as they consider appropriate in order to protect their investments.
Management of the company will continue to engage with the creditors to facilitate an orderly repayment of the indebtedness and has already taken steps to reduce the debt obligation, including through the proposed settlement of a portion of this indebtedness through a shares for debt transaction, as previously announced on Aug. 5, 2025. Closing of the potential shares for debt transaction remains subject to TSX Venture Exchange approval.
About Lincoln Gold Mining Inc.
Lincoln is a Canadian precious metals exploration and development company headquartered in Vancouver, B.C. The company holds interest in the Bell Mountain gold-silver property and the Pine Grove gold property which are within 61 air miles of each other, located in the highly prospective Walker Lane mineral belt that is known for its numerous gold and silver deposits. Lincoln is committed to maintaining steady and robust progress toward its goal of becoming a mid-tier gold producer.
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