Gold $ 1703.30 4.20

Silver $ 25.37 0.16

Palladium $ 2351.10 60.10

Platinium $ 1142.40 18.30

Proven and Probable, Lion One Metals

Lion One Encounters Deep and Shallow High-Grade Gold Mineralization at Tuvatu

“The high-grade intercept of 3.47m grading 20.71 g/t Au encountered in hole TUDDH514 is fully 100m vertically below and 7m along strike from our high-grade intercept in hole TUDDH500 and its wedge holes,” commented Dr. Quinton Hennigh, technical advisor to Lion One. “This is a big step-out and gives us high confidence we have discovered a significant root structure below the Tuvatu lode system. In addition, this hole encountered a somewhat shallower high-grade intercept of 2.24m grading 13.31 g/t Au on a second deep-rooted lode. For a system that hosts approximately 2,500-3,000 oz of resource per vertical meter, seeing these deep holes deliver such high-grade intercepts well-below the existing resource is encouraging. We are quite keen to see what wedge hole, TUDDH514w1, and our other deep hole, TUDDH517, deliver as they further test these deep high-grade lodes. Soon, we will see arrival of our underground drill rigs, further allowing us to ramp up the pace of exploration. This is shaping up to be a very busy year at Tuvatu.”

For further information
Contact Investor Relations
Hamish Greig 604-973-3008
Joe Gray 604-973-3004
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Web: www.liononemetals.com

 

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