Mr. Ron Netolitzky of Eros reports

EROS RESOURCES ANNOUNCES AGREEMENT WITH LINCOLN GOLD MINING TO SELL BELL MOUNTAIN PROJECT

Eros Resources Corp. and Bell Mountain Exploration Corp. (BMEC), a wholly owned subsidiary of Eros, have entered into an agreement with Lincoln Gold Mining Inc. and Lincoln Resource Group Corp., a wholly owned subsidiary of Lincoln Gold, to sell all of the assets that comprise the Bell Mountain project, located in Churchill county, Nevada.

Transaction terms

Under the terms of the purchase agreement, Lincoln has agreed to issue to either BMEC or Eros, as directed by Eros: (a) three million common shares in the capital of the company on the closing date of the transaction; and (b) 1.5 million 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 28.5 million shares issued and outstanding. Following the closing date, one of Eros or BMEC will be an insider of the company.

Lincoln Resource Group will also grant to BMEC a net profit interest of 7.5 per cent of the net returns from gold and silver produced or extracted from the project up to a maximum amount of $2-million (U.S.). No finders' fees will be paid in connection with the transaction.

"How best to move the Bell Mountain project forward has been a key focus of the company for some time and the strategic impact of this transaction has been meticulously considered. As a part of the proposed transaction, Lincoln assumes responsibility for the entirety of the capital required to initiate production at Bell Mountain, which materially reduces the financial and dilutive strain on Eros and allows the company to continue focusing on trading within its marketable securities portfolio. This deliberate allocation of funds highlights Eros's commitment to judicious resource management and its emphasis on creating value for its shareholders," commented Andrew Davidson, chief financial officer of Eros.

The closing of the transaction remains subject to the satisfaction of customary closing conditions for a transaction of such nature, including acceptance by the TSX Venture Exchange. The transaction will be an arm's-length transaction under exchange policies.

"The leadership team at Eros is enthusiastic about the potential of this strategic initiative, confident that the shift to a holding company structure and the partnership with Lincoln will open up fresh avenues for growth, ultimately strengthening the company's standing in the mining sector," further added Ronald Netolitzky, chief executive officer of the company.

About Bell Mountain project

The project is located in Churchill county, Nevada, approximately a three-hour drive southeast from Reno. Bell Mountain has excellent access and is in a mining-friendly county.

Lincoln is very familiar with the project as it was part of Lincoln's group of projects several years ago until it was optioned and sold to Eros. The project is made up of 174 unpatented lode claims and is under the jurisdictions of the Bureau of Land Management and the State of Nevada. Bell Mountain is 100 per cent controlled by Eros and has a gold and silver resource. The project has all major permits in place to advance it through construction and into operations.

Bell Mountain is only a two-hour drive from Lincoln's Pine Grove project, located in Lyon county, Nevada. The properties are close enough in distance so that one team of management, engineering, environmental, cultural and administrative personnel could operate both properties and one recovery plant could handle both projects. Both projects are advanced-stage gold exploration projects with established resources and both projects have significant exploration potential. All these factors will help reduce overall capital and operating costs and will make for an exciting operating plan.

About Lincoln Gold Mining Inc.

Lincoln Gold is an advanced-stage gold mine exploration and development company holding a 100-per-cent interest in the Pine Grove gold project in the Walker Lane structural zone of western Nevada. The company has prepared a preliminary economic assessment of the Pine Grove gold project pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects. Lincoln holds its interests in the U.S. projects through its wholly owned subsidiaries, Lincoln Resource Group and Lincoln Gold U.S. Corp., both Nevada corporations.

About Eros Resources Corp.

Eros Resources is a Canadian public company listed on the TSX Venture Exchange. The company's business objective is the identification, acquisition and exploration of advanced-stage projects with a North American focus. In addition, the company plans to make strategic investments with a global focus on a diverse commodity base. Eros management's expertise supports this strategy.

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