Lincoln Minerals Limited Appointment of independent, non-executive Chair

The Board of Australian graphite explorer, Lincoln Minerals Limited [ASX:LML] (the Company or Lincoln Minerals) is pleased to announce the appointment of Ms Catherine Norman as a Non-Executive Director and Chair of its Board, effective immediately.

Ms Norman brings a wealth of experience and knowledge in the resources industry within which she has held executive and board positions in Australia, Europe, Africa and the Middle East over a 35-year career and has a proven track record of leadership and strategic vision. Ms Norman's appointment further strengthens the Board and brings independence to the position of Chair.

Commenting on the appointment, Managing Director Sam Barden said, 'I am delighted to welcome Cath to the Board of Lincoln Minerals, as Chair. Cath brings extensive public markets experience and deep knowledge of exploration and development, project financing, joint venture and asset transactions, corporate governance, risk management and investor relations which will be invaluable as we implement our exploration objectives and move through feasibility on our Kookaburra Gully graphite project.

On behalf of the Board, I would like to take this opportunity to thank outgoing Chair, Yoyo Zhang, for her support through the Company's relisting process. I look forward to working with Cath, Yoyo and Jason Foley, to realise the Lincoln Minerals strategy and create wealth for all shareholders.' The Board of Lincoln Mineralsremainsfocused on strategies to exploit opportunities within our existing asset portfolio, and in particular, on growing and developing our flagship graphite deposit, Kookaburra Gully, at time when graphite is a key focus for global resource investors

Contact:

Sam Barden

Managing Director & CEO

E: Sam.Barden@lincolnminerals.com.au

M: +61 427 176 007

Media & Investor

Evonne Grosso

E: investors@lincolnminerals.com.au

M: +61 450 603 182

About Lincoln Minerals Limited

Lincoln Minerals Limited (ASX: LML) is a mineral exploration company, focused on graphite, copper and iron ore in South Australia across twelve licence holdings totalling 1,151 km2 . The Company's flagship asset, the Kookaburra Gully Graphite Project has a defined JORC Resource and is located 35km north of Port Lincoln on the Eyre Peninsula. Lincoln is focused on progressing Kookaburra Gully to an advance mining Feasibility Study, embarking on a fully funded exploration and drilling program across all tenements in 2023.