Lincoln Gold Mining Inc. (TSXV:LMG) signed a non-binding Letter of Intent to acquire Bell Mountain Project from Eros Resources Corp. (TSXV:ERC) on August 10, 2023. As a result of the proposed transaction, Eros. will acquire shares in Lincoln. The proposed transaction is subject to regulatory approvals and customary closing conditions.

Lincoln Gold Mining Inc. (TSXV:LMG) entered into an agreement to acquire Bell Mountain Project from Eros Resources Corp. (TSXV:ERC) for approximately $0.89 million on November 6, 2023. Under the terms of the purchase agreement, Lincoln has agreed to issue to either BMEC or Eros, as directed by Eros, (a) 3,000,000 common shares in the capital of the Company on the closing date of the Transaction and (b) 1,500,000 Shares within five business days of the date on which Lincoln completes any issuance of Shares, the result of which is that there are at least 28,500,000 Shares issued and outstanding. Following the Closing Date, one of Eros or BMEC will be an insider of the Company. Lincoln Resource Group Corp. will also grant to BMEC a net profits interest of 7.5% of the net returns from gold and silver produced or extracted from the Project up to a maximum amount of $0.2 million. No finder?s fees will be paid in connection with the Transaction. Closing of the Transaction is subject to final Exchange acceptance.