Category: Lion One Metals

Lion One Drills 78.71 g/t Gold over 2.0 m, Including 168.25 g/t Gold over 0.9 m at Tuvatu Gold Mine in Fiji

Post author By admin
Post date October 9, 2025

North Vancouver, British Columbia–(Newsfile Corp. – October 9, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to report significant new high-grade gold results from 4,180.5 meters of underground infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji (“Tuvatu“). The drilling is focused on the Zone 5 area of the mine, down-dip of current mine levels.

All drilling was conducted from near surface underground workings. The Company intersected high-grade mineralized structures in 24 holes up to 100 m below current underground workings. The primary target for the drilling was the down-dip extension of the Zone 5 lodes below the current mine levels. Most of the high-grade drill intercepts are located within 60 m of current underground workings, and include multiple very high-grade gold assays, such as 267.95 g/t over 0.3 m, 168.25 g/t over 0.9 m, 179.52 g/t over 0.3 m, 126.49 g/t over 0.5 m, and 175.52 g/t over 0.4 m. Previous drilling in this part of the mine has returned similarly high-grade results, including the highest intercept ever recorded at Tuvatu – 2,749.86 g/t over 0.3 m (see press release dated January 23, 2025). Due to the proximity of these drill results to existing workings there is a strong probability that these intercepts can be incorporated into the mine plan in the next six to twelve months.

Highlights of New Drill Results:

175.43 g/t Au over 0.9 m (including 267.95 g/t Au over 0.3 m) (TGC-0451, from 89 m depth)
78.71 g/t Au over 2.0 m (including 168.25 g/t Au over 0.9 m) (TGC-0383, from 69.7 m depth)
29.70 g/t Au over 3.1 m (including 179.52 g/t Au over 0.3 m) (TGC-0406, from 83.2 m depth)
30.50 g/t Au over 2.7 m (including 45.78 g/t Au over 0.7 m) (TGC-0424, from 85.9 m depth)
51.35 g/t Au over 1.5 m (including 126.49 g/t Au over 0.5 m) (TGC-0379, from 89.5 m depth)
56.59 g/t Au over 1.3 m (including 62.39 g/t Au over 0.9 m) (TGC-0447, from 92 m depth)
175.52 g/t Au over 0.4 m (TGC-0387, from 67.1 m depth)
52.18 g/t Au over 1.1 m (including 86.25 g/t Au over 0.5 m) (TGC-0373, from 157.8 m depth)
16.19 g/t Au over 2.2 m (including 84.47 g/t Au over 0.3 m) (TGC-0414, from 74.9 m depth)
96.48 g/t Au over 0.4 m (TGC-0383, from 212.5 m depth)
12.83 g/t Au over 2.5 m (including 69.57 g/t Au over 0.3 m) (TGC-0451, from 99.0 m depth)
8.37 g/t Au over 3.6 m (including 17.91 g/t Au over 0.7 m) (TGC-0449, from 128.0 m depth)

*Drill intersects are downhole lengths, 3.0 g/t cutoff. True width not known. See Table 1 for additional data.

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Figure 1. Location of the Zone 5 drilling reported in this news release. Left image: Plan view of the Zone 5 drilling in relation to the mineralized lodes shown in grey, with Tuvatu underground development shown in red. The yellow dashed square represents the area illustrated in the image on the right. Right image: Oblique view of the Zone 5 drilling looking NNE. The primary target for the Zone 5 drilling was the down-dip extension of the Zone 5 lodes up to 100 m below current underground workings.

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Zone 5 Drilling

The Zone 5 area of Tuvatu is located on the east side of the deposit and includes the principal north-south and northeast-southwest oriented lode arrays. These lodes are steeply dipping structures that converge at approximately 500 m depth to form Zone 500, which is believed to be the highest-grade part of the deposit and is interpreted to be a feeder zone at Tuvatu. The system remains open at depth with the deepest high-grade (>10 g/t Au) intersects occurring below 1000 m depth.

The drilling reported in this news release targeted the down-dip extension of the Zone 5 lodes below current mine levels. All the drilling was conducted from one underground drill station and consisted of a fan of drillholes drilled on 15 m centers that was designed to infill a panel of the deposit approximately 130 m wide and 100 m tall. This area is targeted for mining within the next 6 to 12 months and represents an additional five levels of mining at Tuvatu.

The drillholes reported in this news release include multiple very high-grade gold assays over narrow widths, such as 267.95 g/t over 0.3 m, 168.25 g/t over 0.9 m, 179.52 g/t over 0.3 m, 126.49 g/t over 0.5 m, and 175.52 g/t over 0.4 m. These types of intersects are typical at Tuvatu as the deposit consists of high-grade narrow vein structures. The drillholes reported here were designed to intersect the mineralized lodes in a perpendicular to sub-perpendicular orientation such that the mineralized intervals approximate the true width of the mineralization. The purpose of the Zone 5 drill program is to enhance the mine model and inform stope design in advance of mining the target areas. Highlights of the Zone 5 drilling reported here are shown in Figure 2.

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Figure 2. Zone 5 drilling with high-grade intercepts highlighted, 3.0 g/t gold cutoff, section view. Section view looking northwest with select high-grade intercepts highlighted. The drill holes shown here primarily targeted the down dip extension of the Zone 5 lodes below current underground workings shown in red. This area is targeted for mining within the next 6 to 12 months.

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Figure 3. Zone 5 drilling with high-grade intercepts highlighted, 3.0 g/t gold cutoff, plan view. Plan view looking down with high-grade intercepts highlighted, underground workings shown in pale grey.

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Note on Composite Grades

The drill holes reported in this news release are oriented approximately perpendicular to mineralization. The reported intercepts therefore approximate the true width of mineralization. The minimum mining width at Tuvatu is approximately 1.5 m. In reporting drillhole intercepts Lion One uses a grade composite cut-off of 3 g/t gold with <1 m internal dilution at <3 g/t. Drill hole intervals that are <3 g/t are below cutoff and are not included in Table 2.

Competent Person’s Statement

In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), Melvyn Levrel, MAIG, Senior Geologist for Lion One Metals, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Lion One Laboratories / QAQC

Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its drilling, sampling, testing, and analyses. The Company operates its own geochemical assay laboratory and its own fleet of diamond drill rigs using PQ, HQ and NQ sized drill rods. The Lion One geochemical laboratory is accredited under the IANZ ISO/IEC 17025:2017 Standard – the international standard for testing and calibration of laboratories.

Diamond drill core samples are logged by Lion One personnel on site. Exploration diamond drill core is split by Lion One personnel on site, with half core samples sent for analysis and the other half core remaining on site. Grade control diamond drill core is whole core assayed. Core samples are delivered to the Lion One Laboratory for preparation and analysis. All samples are pulverized at the Lion One lab to 85% passing through 75 microns and gold analysis is carried out using fire assay with an AA finish. Samples that return grades greater than 10.00 g/t Au are re-analyzed by gravimetric method, which is considered more accurate for very high-grade samples.

Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 29 important pathfinder elements with an aqua regia digest and ICP-OES finish.

About Lion One Metals Limited

Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.

On behalf of the Board of Directors,
Walter Berukoff, Chairman & President

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Appendix 1: Full Drill Results and Collar Information

Table 1. Collar coordinates for drillholes reported in this release. Coordinates are in Fiji map grid.

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth
TGC-0346	1876384	3920429	94	104.8	-16.9	102.2
TGC-0349	1876384	3920429	94	110.9	-15.3	86.9
TGC-0352	1876384	3920428	94	117.7	-15.6	80.5
TGC-0354	1876384	3920428	94	126.1	-15.0	80.5
TGC-0356	1876384	3920427	94	134.4	-14.3	101.4
TGC-0358	1876384	3920428	94	122.1	-23.9	95.5
TGC-0361	1876385	3920426	94	142.9	-4.5	350.1
TGC-0373	1876384	3920427	93	114.6	-42.0	230.5
TGC-0375	1876384	3920428	93	95.3	-42.8	181.3
TGC-0377	1876384	3920429	94	80.7	-17.5	140.4
TGC-0379	1876384	3920429	93	79.2	-37.7	170.8
TGC-0383	1876384	3920428	94	78.9	-11.3	242.1
TGC-0387	1876384	3920429	94	78.5	-25.1	146.7
TGC-0406	1876384	3920429	94	78.6	-32.6	200.2
TGC-0409	1876384	3920429	94	71.8	-21.0	175.8
TGC-0414	1876384	3920428	94	99.0	-36.2	131.2
TGC-0416	1876384	3920428	94	95.1	-17.0	167.5
TGC-0419	1876384	3920429	93	75.8	-45.1	205.5
TGC-0421	1876384	3920429	93	71.3	-32.0	11.3
TGC-0423	1876384	3920429	94	69.4	-32.0	11.5
TGC-0424	1876384	3920429	94	71.0	-32.1	191.3
TGC-0434	1876384	3920429	93	70.5	-38.0	161.5
TGC-0438	1876383	3920425	96	164.3	16.5	9.0
TGC-0440	1876384	3920425	97	164.4	22.0	12.6
TGC-0441	1876383	3920425	96	165.3	22.7	131.1
TGC-0445	1876384	3920434	94	60.3	-14.7	155.6
TGC-0447	1876384	3920433	94	67.2	-26.8	140.0
TGC-0449	1876384	3920433	93	67.7	-40.7	191.1
TGC-0451	1876384	3920433	94	67.9	-32.3	162.0
TGC-0456	1876384	3920434	93	55.9	-30.9	114.4

Table 2. Composite intervals from drillholes reported in this news release (composite grade >3.0 g/t Au, with <1 m internal dilution at <3.0 g/t Au).

Hole ID		From (m)	To (m)	Width (m)	Au (g/t)
TGC-0346		51.2	51.8	0.6	14.79
		77.4	78.4	1.1	5.25
TGC-0349		53.7	55.3	1.6	5.28
	including	53.0	53.7	0.7	0.03
	and	53.7	54.1	0.4	7.99
	and	54.1	54.5	0.4	10.25
	and	54.5	55.0	0.5	0.06
	and	55.0	55.3	0.3	3.76
TGC-0352		60.8	62.5	1.7	10.80
	including	60.8	61.1	0.3	25.27
	and	61.1	61.4	0.3	1.54
	and	61.4	61.7	0.3	17.89
	and	61.7	62.5	0.8	6.18
TGC-0356		63.8	64.3	0.5	3.40
		65.7	66.5	0.8	7.13
	including	65.7	66.2	0.5	5.25
	and	66.2	66.5	0.3	10.25
TGC-0358		65.4	65.7	0.3	5.78
TGC-0361		63.2	64.8	1.6	7.22
	including	63.2	64.2	1.0	5.02
	and	64.2	64.5	0.3	1.86
	and	64.5	64.8	0.3	19.89
		66.4	66.7	0.3	4.60
		69.4	69.9	0.5	36.03
		84.9	85.2	0.3	33.59
		192.6	193.2	0.6	3.40
		287.4	287.8	0.4	3.28
TGC-0373		86.5	87.4	0.9	6.39
	including	86.5	87.0	0.5	6.40
	and	87.0	87.4	0.4	6.38
		90.9	91.2	0.3	4.66
		127.9	128.3	0.4	5.64
		157.8	158.9	1.1	52.18
	including	157.8	158.4	0.6	23.79
	and	158.4	158.9	0.5	86.25
		194.2	194.7	0.5	6.61
TGC-0375		97.7	98.1	0.4	24.36
		111.5	112.9	1.4	6.33
	including	111.5	111.9	0.4	3.12
	and	111.9	112.4	0.5	0.04
	and	112.4	112.9	0.5	15.20
		115.3	116.8	1.5	9.13
	including	115.3	115.7	0.4	29.58
	and	115.7	116.5	0.8	0.99
	and	116.5	116.8	0.3	3.55
		120.4	121.5	1.1	13.22
	including	120.4	121.1	0.7	3.39
	and	121.1	121.5	0.4	30.43
		154.8	155.2	0.4	47.05
		159.1	159.9	0.8	5.54
	including	159.1	159.6	0.5	3.38
	and	159.6	159.9	0.3	9.14
		172.2	172.5	0.3	4.44
TGC-0377		47.7	48.0	0.3	6.82
		57.7	59.9	2.2	3.25
	including	57.7	58.0	0.3	5.56
	and	58.0	58.5	0.5	3.00
	and	58.5	58.8	0.4	3.50
	and	58.8	59.2	0.4	2.13
	and	59.2	59.5	0.3	1.91
	and	59.5	59.9	0.4	3.62
		65.1	65.4	0.3	13.36
		66.4	67.2	0.8	5.70
	including	66.4	66.9	0.5	7.12
	and	66.9	67.2	0.3	3.57
		92.7	93.1	0.4	5.03
		125.5	125.8	0.3	7.28
		140.1	140.4	0.3	14.59
TGC-0379		61.3	62.0	0.7	4.13
		76.0	76.4	0.4	16.87
		89.5	91.0	1.5	51.35
	including	89.5	90.0	0.5	126.49
	and	90.0	90.6	0.6	8.59
	and	90.6	91.0	0.4	21.55
		153.2	153.6	0.4	5.63
TGC-0383		46.3	46.7	0.4	31.47
		51.6	53.1	1.5	3.39
	including	51.6	51.9	0.3	4.24
	and	51.9	53.1	1.2	3.15
		63.7	64.0	0.3	67.84
		69.7	71.7	2.0	78.71
	including	69.7	70.6	0.9	168.25
	and	70.6	71.1	0.5	0.67
	and	71.1	71.4	0.3	18.46
	and	71.4	71.7	0.3	9.77
		96.3	96.6	0.3	20.28
		102.2	102.5	0.3	3.41
		122.0	122.3	0.3	3.75
		212.5	212.9	0.4	96.48
TGC-0387		67.1	67.5	0.4	175.52
		72.7	75.2	2.6	10.72
	including	72.7	73.1	0.5	3.08
	and	73.1	73.7	0.6	18.37
	and	73.7	74.1	0.4	1.18
	and	74.1	74.4	0.3	12.42
	and	74.4	74.9	0.5	4.05
	and	74.9	75.2	0.3	28.97
		89.9	90.6	0.7	14.95
	including	89.9	90.3	0.4	13.42
	and	90.3	90.6	0.3	16.99
		92.3	93.3	1.0	7.22
	including	92.3	92.7	0.4	10.78
	and	92.7	93.3	0.6	4.84
		104.5	105.0	0.5	9.01
		107.8	108.4	0.6	4.69
		115.0	115.7	0.7	8.68
TGC-0406		72.3	72.6	0.3	5.90
		83.2	86.3	3.1	29.70
	including	83.2	83.6	0.4	34.63
	and	83.6	83.9	0.3	23.01
	and	83.9	84.2	0.3	21.97
	and	84.2	84.9	0.7	2.95
	and	84.9	85.2	0.3	4.29
	and	85.2	85.5	0.3	8.32
	and	85.5	85.8	0.3	179.52
	and	85.8	86.3	0.5	9.99
		153.5	153.8	0.3	3.61
TGC-0409		74.9	75.5	0.6	12.37
		78.3	78.8	0.5	4.00
		90.8	92.6	1.8	6.22
	including	90.8	91.4	0.6	9.23
	and	91.4	92.0	0.6	0.46
	and	92.0	92.6	0.6	8.97
		112.0	112.7	0.7	14.28
TGC-0414		70.4	71.9	1.5	9.76
	including	70.4	71.0	0.6	18.87
	and	71.0	71.5	0.5	2.46
	and	71.5	71.9	0.4	5.22
		74.9	77.0	2.2	16.19
	including	74.9	75.3	0.4	4.60
	and	75.3	75.6	0.3	84.47
	and	75.6	75.9	0.3	3.14
	and	75.9	76.4	0.5	4.23
	and	76.4	77.0	0.7	7.03
		81.4	84.0	2.6	4.65
	including	81.4	81.7	0.3	3.35
	and	81.7	82.7	1.0	0.08
	and	82.7	83.0	0.4	4.78
	and	83.0	83.3	0.3	8.05
	and	83.3	83.7	0.4	11.02
	and	83.7	84.0	0.3	8.40
		88.3	91.0	2.8	8.42
	including	88.3	88.6	0.4	5.77
	and	88.6	89.1	0.5	0.68
	and	89.1	89.4	0.3	21.06
	and	89.4	89.9	0.5	4.20
	and	89.9	90.4	0.5	4.85
	and	90.4	91.0	0.6	16.58
		92.2	92.5	0.3	4.29
TGC-0416		49.4	50.4	1.0	4.51
	including	49.4	50.0	0.6	5.56
	and	50.0	50.4	0.5	3.19
		60.0	61.5	1.5	12.23
	including	60.0	60.9	0.9	13.36
	and	60.9	61.2	0.3	14.03
	and	61.2	61.5	0.3	7.02
		66.0	66.3	0.4	14.89
		74.6	75.0	0.5	27.00
		76.5	78.1	1.6	10.27
	including	76.5	76.9	0.4	9.24
	and	76.9	77.4	0.6	0.29
	and	77.4	78.1	0.7	18.39
		131.6	132.0	0.4	3.99
		142.6	142.9	0.3	3.58
TGC-0419		58.0	59.6	1.6	4.23
	including	58.0	58.4	0.4	7.79
	and	58.4	59.6	1.2	3.04
		82.4	83.1	0.7	3.23
		89.4	90.0	0.6	6.64
		92.3	92.6	0.4	58.59
		99.8	100.3	0.6	42.75
		126.2	126.7	0.5	4.91
		135.8	136.9	1.1	5.11
	including	135.8	136.4	0.6	6.10
	and	136.4	136.9	0.5	3.92
		143.0	143.6	0.6	3.98
		155.3	155.6	0.3	5.48
		170.9	172.1	1.2	19.73
TGC-0424		54.7	55.0	0.3	49.38
		81.3	81.6	0.3	3.38
		83.2	83.6	0.4	59.64
		85.9	88.6	2.7	30.50
	including	85.9	86.3	0.4	22.59
	and	86.3	87.0	0.7	45.78
	and	87.0	87.6	0.6	41.09
	and	87.6	88.0	0.4	1.68
	and	88.0	88.6	0.6	26.23
		121.5	122.3	0.8	3.06
TGC-0434		75.0	76.2	1.2	3.44
		77.5	77.8	0.3	4.00
		86.8	87.3	0.5	63.67
		92.6	93.1	0.5	4.34
		99.8	103.2	3.5	7.47
	including	99.8	100.2	0.4	4.76
	and	100.2	100.7	0.5	25.88
	and	100.7	101.1	0.4	5.13
	and	101.1	101.7	0.7	0.11
	and	101.7	102.1	0.4	6.07
	and	102.1	102.6	0.5	10.49
	and	102.6	103.2	0.7	4.26
		106.0	106.7	0.8	3.21
		116.2	116.6	0.4	5.69
		133.9	134.4	0.5	9.78
		140.5	141.1	0.6	3.98
		143.1	143.5	0.4	5.48
		147.8	148.2	0.4	7.94
TGC-0441		75.6	76.2	0.6	4.25
TGC-0445		38.8	39.5	0.7	13.54
		55.8	56.1	0.3	26.89
		65.0	65.4	0.4	13.64
		114.6	115.5	0.9	22.99
		121.4	123.2	1.8	7.64
	including	121.4	122.0	0.6	3.79
	and	122.0	122.4	0.4	0.17
	and	122.4	122.9	0.5	0.37
	and	122.9	123.2	0.4	32.08
TGC-0447		51.8	52.3	0.5	3.58
		80.5	80.9	0.4	4.51
		83.7	84.2	0.5	8.13
		92.0	93.3	1.3	56.59
	including	92.0	92.4	0.4	43.54
	and	92.4	93.3	0.9	62.39
		122.1	122.4	0.3	3.31
		129.3	129.9	0.6	4.58
		135.5	137.0	1.5	4.41
	including	135.5	136.1	0.6	8.79
	and	136.1	136.7	0.6	-0.01
	and	136.7	137.0	0.3	4.48
TGC-0449		80.5	81.0	0.5	4.23
		81.9	82.5	0.6	3.08
		89.0	90.3	1.3	7.47
	including	89.0	89.5	0.5	14.87
	and	89.5	90.3	0.8	3.07
		97.5	97.8	0.3	23.14
		108.0	108.6	0.6	14.23
		122.1	122.7	0.6	13.02
		123.8	126.5	2.7	6.17
	including	123.8	124.2	0.4	3.60
	and	124.2	124.5	0.3	9.01
	and	124.5	125.4	1.0	2.60
	and	125.4	126.0	0.6	10.99
	and	126.0	126.5	0.5	8.01
		128.0	131.6	3.6	8.37
	including	128.0	128.4	0.4	8.12
	and	128.4	128.9	0.6	6.37
	and	128.9	129.7	0.7	17.91
	and	129.7	130.2	0.5	8.47
	and	130.2	131.0	0.8	0.02
	and	131.0	131.3	0.4	12.82
	and	131.3	131.6	0.3	4.31
		133.3	133.6	0.3	16.07
		148.1	149.5	1.4	5.91
	including	148.1	148.8	0.7	4.74
	and	148.8	149.5	0.7	7.02
		155.8	156.1	0.3	6.83
		185.7	186.2	0.4	17.36
TGC-0451		49.2	49.5	0.3	19.74
		57.5	57.8	0.3	12.69
		83.3	83.9	0.6	10.56
	including	83.3	83.6	0.3	13.76
	and	83.6	83.9	0.3	7.36
		85.6	86.7	1.1	5.09
	including	85.6	85.9	0.3	3.54
	and	85.9	86.4	0.5	0.14
	and	86.4	86.7	0.3	14.89
		89.0	89.9	0.9	175.43
	including	89.0	89.3	0.3	267.95
	and	89.3	89.6	0.3	249.00
	and	89.6	89.9	0.3	9.33
		99.0	101.5	2.5	12.83
	including	99.0	99.7	0.7	9.33
	and	99.7	100.0	0.3	69.57
	and	100.0	100.3	0.3	2.60
	and	100.3	100.6	0.3	1.30
	and	100.6	100.9	0.3	1.13
	and	100.9	101.2	0.3	6.92
	and	101.2	101.5	0.3	3.64
		138.0	138.3	0.3	3.32
		139.2	139.5	0.3	6.60
		147.8	148.1	0.3	6.19
		155.2	155.5	0.3	13.25

SOURCE: Lion One Metals Limited

Junior Mining Lion One Metals Precious Metals

Lion One Announces Closing of Upsized LIFE Offering for Gross Proceeds of $18.7 Million

Post author By admin
Post date September 24, 2025

North Vancouver, British Columbia–(Newsfile Corp. – September 24, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to announce that it has closed its previously announced and upsized non-brokered private placement for gross proceeds of $18,715,153 (the “LIFE Offering“). Pursuant to the LIFE Offering, the Company issued 58,484,853 units (the “Offered Units“) at a price of $0.32 per Offered Unit (the “Issue Price“), pursuant to the listed issuer financing exemption available under National Instrument 45-106 – Prospectus Exemptions. Each Offered Unit consisted of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.42 for a period of three years from the date of issuance.

Lion One’s CEO Ian Berzins stated: “We’re very pleased with the strong demand we received for this upsized private placement. With the equity financing successfully completed today, we can now accelerate the purchase of several key pieces of underground mobile equipment and ensure the completion of the flotation plant in Q1 2026. With the addition of these components we will be well positioned to continue ramping up production at Tuvatu.”

The Company intends to use the net proceeds from the LIFE Offering to fund the development of the Company’s 100% owned and fully permitted high grade Tuvatu Gold Project, repayment of principal and interest for the Company’s loan facility with Nebari, and for working capital purposes.

In connection with the LIFE Offering, the Company paid aggregate finder’s fees of $703,468.15 in cash and issued 2,190,462 finders warrants (the “Finder’s Warrants“) to Canaccord Genuity, Couloir Securities, Golden Capital Consulting, Haywood Securities, Leede Financial, Red Cloud Securities, RedPlug, Research Capital, and Ventum Financial, in accordance with the policies of the TSX Venture Exchange (the “TSX-V“) representing a cash commission equal to 7% of the gross proceeds raised from purchasers introduced to the Company by eligible finders and 7% of the aggregate number of Offered Units sold to purchasers introduced to the Company by eligible finders. In lieu of receiving $315,000 in cash, one finder received 984,375 Offered Units at the Issue Price. Each of the Finder’s Warrant will entitle the holder to purchase one Common Share at a purchase price of $0.32 per Finder’s Warrant exercisable for a period of two years from the date of issuance of such Finder’s Warrant.

The Offered Units and underlying Common Shares and Warrants will not be subject to Canadian resale restrictions in accordance with applicable Canadian securities laws. All Finder’s Warrants and any Common Shares underlying the Finder’s Warrants will be subject to a Canadian four month and one day resale restriction in accordance with applicable Canadian securities laws. Completion of the LIFE Offering and payment of the finder’s fees remains subject to final TSX-V acceptance.

Certain subscribers under the LIFE Offering are directors and management of the Company. The issuance of Offered Units to directors and management of the Company constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101“). The transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued or the consideration paid by such persons will exceed 25% of the Company’s market capitalization.

About Lion One Metals Limited

On behalf of the Board of Directors of
Lion One Metals Limited

“Walter Berukoff“
Chairman of the Board

For further information
Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements or information. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Forward-looking statements made in this news release include statements regarding the anticipated use of proceeds of the LIFE Offering, the outlook of the Company following completion of the LIFE Offering and the final approval of the TSX-V. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, with respect to the LIFE Offering; the conditions of the financial markets; availability of financing; timeliness of completion of the LIFE Offering; the timing of TSX-V approval; with respect to the use of proceeds, the sufficiency of the proceeds; the speculative nature of mineral exploration and development; fluctuating commodity prices; and competition, as described in more detail in our recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267905

Base Metals Junior Mining Lion One Metals Precious Metals

Lion One Reports Preliminary Gold Results, Announces C$16.3M in Quarterly Revenue

Post author By admin
Post date July 21, 2025

North Vancouver, British Columbia, July 21, 2025 – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to provide an operations update and to report preliminary quarterly gold production from the Tuvatu Gold Mine in Fiji for the quarter ending June 30th, 2025.

Highlights of Operations:

Record mill utilization of 96%
Record mill throughput of 33,726 tonnes
Record capital development of 489 m
Record operating development of 1,014 m
Shrink stope development complete, production beginning
Sustained increase in gold recoveries

Preliminary Quarterly Production Results:

3,577 oz of gold sold
3,214 oz of gold recovered
81.6% recovery
3.6 g/t gold average head grade
Total revenue of C$16,300,821

Lion One Metals sold approximately 3,577 oz of gold and 1,233 oz of silver during the three-month period ending June 30th, 2025. The average sale price for the quarter was C$4,541 per ounce of gold sold. Total revenue for the quarter was C$16,300,821, which represents a 24% increase in revenue compared to the previous quarter (C$13,173,024), and a 77% increase in revenue compared to the same quarter last year (C$9,187,046). Gold revenue for the quarter was enhanced by higher gold prices, increased recoveries, and higher mill throughput, as well as the sale of additional gold recovered from the gold in circuit. Average head grade for the quarter was low due to the delayed completion of the mine ventilation project, which caused a delay in mine development in lower levels of the mine. This limited the Company’s flexibility and opportunity to mine high grade material during the quarter as mine development recovered from the delay.

Mill performance for the quarter was very strong, achieving record quarterly mill utilization of 96%. This resulted in a record 33,726 tonnes of mineralized material being processed through the mill, for an average throughput of approximately 371 tonnes per day for the quarter. With minimal down time for maintenance and repairs, the processing team was able to focus on debottlenecking efforts and improved carbon management, which in turn resulted in a sustained increase in gold recoveries at the end of the quarter. Gold recovery for the month of June was 84.1%, compared to an average of 80.3% over the previous 12 months at Tuvatu (Figure 1). With construction of the flotation circuit underway, gold recoveries are anticipated to increase to over 90% by the end of 2025 (see release dated March 20, 2025).

Figure 1. Tuvatu Monthly Recovery, Last Six Months. Gold recoveries increased from a 12-month average of 80.3% to 84.1% in June 2025 because of debottlenecking efforts and improved carbon management at the mill.

Mine development achieved record levels during the quarter with a total of 1,503 m of underground development completed. The arrival of new mining equipment during the quarter, as well as the completion of the mine ventilation project in early April enabled the mining team to increase the rate of underground development and to open more levels of the mine. The top three months of development at Tuvatu were all achieved during this past quarter, with a new record monthly development of 545 m achieved in May 2025. The average monthly mine development at Tuvatu for the 12 months preceding this quarter was 340.5 m (Figure 2). More new mining equipment is scheduled to arrive on site and undergo commissioning in July and August, which is expected to further increase the rate of development at Tuvatu. Notably, the development of the Company’s first shrinkage stope is now complete, with production scheduled for July, August, and September. Drilling in the shrinkage stope has returned high grade intervals such as 142.66 g/t Au over 2.2 m, 489.52 g/t Au over 0.4 m, 168.95 g/t Au over 0.5 m, and 156.55 g/t Au over 0.6 m (see news releases dated March 25, 2025 and May 12, 2025).

Lion One CEO Ian Berzins stated: “With the Tuvatu gold mine still in the pilot plant stage of development, we have made great progress this quarter in laying the foundations for future success at Tuvatu. We have increased gold recoveries on the mill side and we have increased the rate of underground development on the mine side, both of which we expect to continue to improve moving forward. With production from the shrink stope coming online in July we anticipate this upcoming quarter to achieve even stronger results.”

Figure 2. Tuvatu Monthly Mine Development, Last Six Months. Record Capital and Operating Development was achieved during the quarter ending June 30th 2025. This was a result of the arrival of new mining equipment during the quarter as well as the completion of the mine ventilation project in early April 2025. Record mine development of 545 m was achieved in May 2025. This compares to average monthly mine development of 340.5 m during the preceding 12 months from April 2024 to March 2025.

Qualified Persons Statement

In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), William J. Witte, P.Eng., Principal Advisor to the Company, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Lion One Laboratories / QAQC

Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES) but currently focuses on a suite of 26 important pathfinder elements with an aqua regia digest and ICP-OES finish.

About Lion One Metals Limited

On behalf of the Board of Directors,
Walter Berukoff, Chairman of the Board

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

Energy Junior Mining Lion One Metals Precious Metals

Lion One Appoints New Board Member

Post author By admin
Post date June 10, 2025

North Vancouver, British Columbia–(Newsfile Corp. – June 9, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to announce the appointment of Edward (Ned) Collery to the Board of Directors.

Mr. Collery is the founder and President of Pelham Investment Partners LP, a private investment partnership based in New York. Prior to founding Pelham Investment Partners, Mr. Collery worked as a research analyst and partner in the investment management industry, including as a partner at private investment firm SC Fundamental, and an analyst at private New York-based investment firm Arbiter Partners. Mr. Collery has over a decade of investment experience in the natural resource sector and mining space and is also currently a director of the TSX-V listed nickel producer Nickel 28 Capital Corp. Mr. Collery holds a B.A. in Economics from Vanderbilt University with a minor in Financial Economics.

“We are excited to welcome Ned Collery to our Board of Directors, and we are confident his expertise will contribute to the future success of Lion One”, said Lion One Chairman and President Walter Berukoff.

About Lion One Metals Limited

On behalf of the Board of Directors,

Walter Berukoff, Chairman & President

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254954

Base Metals Energy Junior Mining Lion One Metals Precious Metals

Lion One Drills 54.16 g/t Gold over 1.9 m, Including 156.55 g/t Gold over 0.6 m at Tuvatu Gold Mine in Fiji

Post author By admin
Post date May 12, 2025

North Vancouver, British Columbia–(Newsfile Corp. – May 12, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to report significant new high-grade gold results from 2,701.4 meters of underground infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji (“Tuvatu“). The drilling is focused on the Ura lode system which is currently being mined. The Company intersected high-grade mineralized structures in 21 holes, most of which did not exceed 150 m in length.

There are two primary targets for the Ura drilling reported in this release: the planned Ura shrinkage stope in development at the top of the Ura system, and the down-dip extension of the Ura lodes below current underground workings (Figure 1).

The Ura lode system is currently being mined from both the 1095 and 1116 levels of the mine. A shrinkage stope is being developed between the 1116 and 1156 levels of the mine. This shrinkage stope is scheduled for mining within the next three months and will be mined over a strike length of approximately 80 m, with narrow mining widths of approximately 1.5 m. This stope encompasses numerous very high-grade gold drill results, such as 54.16 g/t gold over 1.9 m, which includes 156.55 g/t gold over 0.6 m. Previous drilling in the shrinkage stope has returned similarly strong results over narrow widths, such as 168.95 g/t gold over 0.5 m (see press release dated March 25, 2025).

The Ura lode system remains open at depth and is largely untested below the currently modeled lodes. The second target for the drilling reported in this release is the down-dip extension of the Ura lodes. High-grade gold drill results were returned up to 90 m below the current underground workings, indicating the potential for at least 4 to 5 additional levels of mining below the current underground workings, most of which is outside the current resource. The system is a prime target for resource expansion and upgrade.

Highlights of New Drill Results:

54.16 g/t Au over 1.9 m (including 156.55 g/t Au over 0.6 m) (TGC-0398, from 90.2 m depth)
16.64 g/t Au over 3.2 m (including 39.87 g/t Au over 1.2 m) (TGC-0403, from 74.0 m depth)
23.78 g/t Au over 1.8 m (including 39.73 g/t Au over 0.4 m) (TGC-0398, from 93.7 m depth)
20.02 g/t Au over 1.6 m (including 61.45 g/t Au over 0.4 m) (TGC-0395, from 13.0 m depth)
7.81 g/t Au over 3.6 m (including 21.55 g/t Au over 0.4 m) (TGC-0425, from 33.4 m depth)
38.43 g/t Au over 0.6 m (including 62.99 g/t Au over 0.3 m) (TGC-0394, from 16.0 m depth)
10.85 g/t Au over 2.1 m (including 37.62 g/t Au over 0.4 m) (TGC-0413, from 64.8 m depth)
11.21 g/t Au over 2.0 m (including 34.38 g/t Au over 0.4 m) (TGC-0395, from 55.4 m depth)
49.12 g/t Au over 0.5 m (TGC-0402, from 25.0 m depth)
63.98 g/t Au over 0.3 m (TGC-0425, from 0.9 m depth)
18.91 g/t Au over 1.0 m (including 29.08 g/t Au over 0.5 m) (TGC-0398, from 45.6 m depth)
17.02 g/t Au over 1.1 m (including 33.12 g/t Au over 0.5 m) (TGC-0400, from 14.3 m depth)

*Drill intersects are downhole lengths, 3.0 g/t cutoff. True width not known. See Table 1 for additional data.

Figure 1. Location of the Ura drilling reported in this news release. Left image: Plan view of the Ura drilling in relation to the Ura lodes shown in purple and other mineralized lodes shown in grey, with Tuvatu underground development shown in red. Right image: Section view of the Ura drilling looking NNE, approximately along strike of the Ura 1 and Ura 3 lodes.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/251591_d9bb7bcb24465b3a_001full.jpg

Ura Lode System

The Ura lode system was first discovered during the initial development of the mine decline in late 2022 and was initially modelled as a single lode. It is now understood to be a system of lodes, with at least three separate lodes already identified: Ura 1, Ura 2, and Ura 3. The Ura system remains largely untested outside of current mining areas. The system extends to surface and is open at depth.

The Ura 1, Ura 2, and Ura 3 lodes all consist of narrow high-grade structures with high grade gold intersections. The Ura 1 and Ura 3 lodes dip subvertically to the west and strike approximately 200° to the SSW. The Ura 2 lode strikes approximately 205° to the SSW and dips at approximately 45° to the west, toward the West Zone. The Ura 2 lode intersects the Ura 1 lode slightly below the 1116 level while the Ura 3 lode is located between the Ura 2 and Ura 1 lodes. All three lodes have current total strike lengths of approximately 220 m each and remain open both at depth and to the south. The west extent of the Ura 2 lode remains entirely untested.

The drilling reported in this news release was conducted from three underground drill stations; the 1095, 1116, and 1116.SP drill stations. The drilling targeted two areas: the Ura 1 shrinkage stope area in development between the 1116 and 1156 levels, and the Ura 1, Ura 2, and Ura 3 lodes down-dip of the current underground workings.

Drilling in the Ura shrinkage stope is being conducted on a 12.5 m grid to provide a detailed understanding of the structure and mineralization of the lode in advance of mining. The shrinkage stope is already under development and the first rise is complete. The stope is anticipated to be approximately 80 m long, 35 m tall, and 1.5 m wide. It is scheduled for mining over the next three months, with the bulk of production coming in July.

Figure 2. Ura shrinkage stope drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff, plan view. Plan view looking down. The drill holes shown here primarily targeted areas of the Ura lode within the planned Ura 1 shrinkage stope. Ura lodes show in purple, underground workings in grey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/251591_d9bb7bcb24465b3a_002full.jpg

Figure 3. Location of the Ura 1 shrinkage stope, section view. Section view looking east. The Ura 1 shrinkage stope is anticipated to be approximately 80 m long by 35 m tall and is located between the 1116 and the 1156 levels of the mine. The location of the shrinkage stope is approximated by the yellow dashed square, with Ura lodes shown in purple and underground workings in grey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/251591_d9bb7bcb24465b3a_003full.jpg

The Ura down-dip drilling reported in this release primarily targeted areas outside the current resource. The Ura system is largely untested below and to the west of the currently modeled lodes, and the system is a prime target for resource expansion. Limited drilling has been conducted below the current underground workings. High grade drill results were returned approximately 90 m below the current underground workings, and 55 m below the currently modeled lodes. This represents an additional four to five levels of mineralization below the current mine levels, with strong potential for mineralization to continue further at depth. The Ura down-dip drill program is targeting a 12.5 m drill hole density to bring these additional levels of mineralization into the resource and into the mine plan this year.

Figure 4. Ura down-dip drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff. Left image: Section view looking east perpendicular to the Ura lodes with select high-grade intercepts highlighted. Right image: Section vier looking NNE approximately along srike of the Ura 1 and Ura 3 lodes. High grade gold mineralization has been intersected in the Ura lodes 90 m down-dip of the current underground workings, and 55 m down-dip of the currently modeled lodes. The system remains open at depth. Ura lodes shown in light purple, underground workings in grey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/251591_d9bb7bcb24465b3a_004full.jpg

Competent Person’s Statement

Lion One Laboratories / QAQC

Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 26 important pathfinder elements with an aqua regia digest and ICP-OES finish.

About Lion One Metals Limited

On behalf of the Board of Directors,
Walter Berukoff, Chairman & President

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

Appendix 1: Full Drill Results and Collar Information

Table 1. Collar coordinates for drillholes reported in this release. Coordinates are in Fiji map grid.

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth
TGC-0393	1876182	3920778	98	98.3	-55.3	85.4
TGC-0394	1876181	3920780	99	42.5	-43.3	144.5
TGC-0395	1876182	3920780	99	53.4	-47.3	111.0
TGC-0397	1876181	3920779	99	52.2	-57.3	131.1
TGC-0398	1876283	3920810	121	234.5	14.2	120.3
TGC-0399	1876182	3920779	98	63.3	-67.1	146.4
TGC-0400	1876181	3920780	99	40.7	-48.7	165.5
TGC-0401	1876283	3920814	119	290.7	-29.5	83.3
TGC-0402	1876181	3920780	99	42.1	-59.4	191.3
TGC-0403	1876283	3920814	119	279.5	-40.3	150.0
TGC-0404	1876181	3920778	98	97.9	-82.2	250.3
TGC-0405	1876283	3920816	119	319.4	-32.0	121.5
TGC-0407	1876283	3920815	119	311.5	-41.7	166.6
TGC-0408	1876181	3920779	100	276.5	-79.0	5.0
TGC-0410	1876181	3920779	100	276.5	-79.0	7.8
TGC-0411	1876181	3920779	100	276.5	-79.0	11.1
TGC-0412	1876177	3920778	98	278.2	-79.9	181.9
TGC-0413	1876279	3920767	120	272.6	11.3	86.0
TGC-0415	1876178	3920779	98	339.6	-83.3	130.5
TGC-0417	1876281	3920768	121	317.0	21.0	82.9
TGC-0418	1876280	3920768	121	299.3	21.2	80.0
TGC-0420	1876182	3920772	98	186.0	-80.6	135.8
TGC-0422	1876178	3920779	98	129.0	-20.0	33.2
TGC-0425	1876279	3920767	121	282.9	20.4	80.0

Table 2. Composite intervals from drillholes reported in this news release (composite grade >3.0 g/t Au, with <1 m internal dilution at <3.0 g/t Au).

Hole ID		From (m)	To (m)	Width (m)	Au (g/t)
TGC-0393		68.4	68.8	0.4	5.90
		71.7	72.4	0.7	6.28
		75.5	76.6	1.1	3.85
	including	75.5	76.2	0.7	3.57
	and	76.2	76.6	0.4	4.35
TGC-0394		16.0	16.6	0.6	38.43
	including	16.0	16.3	0.3	13.87
	and	16.3	16.6	0.3	62.99
		54.2	55.0	0.8	13.76
		120.2	120.8	0.6	3.09
		130.7	131.4	0.7	3.00
		138.6	139.1	0.5	3.00
TGC-0395		13.0	14.6	1.6	20.02
	including	13.0	13.4	0.4	61.45
	and	13.4	14.6	1.2	6.21
		24.7	25.5	0.8	14.43
	including	24.7	25.1	0.5	12.01
	and	25.1	25.5	0.4	17.54
		27.1	27.5	0.4	3.33
		55.4	57.4	2.0	11.21
	including	55.4	56.0	0.6	5.11
	and	56.0	57.0	1.0	5.60
	and	57.0	57.4	0.4	34.38
		105.8	106.3	0.5	7.73
		108.1	108.5	0.4	16.53
TGC-0397		22.5	22.8	0.3	3.33
		118.7	119.0	0.3	6.54
		130.5	130.8	0.3	3.55
TGC-0398		0.5	1.2	0.8	11.02
	including	0.5	0.8	0.3	4.04
	and	0.8	1.2	0.5	15.67
		4.1	4.7	0.6	3.32
		6.5	7.7	1.2	3.02
		41.4	42.0	0.7	7.66
		45.6	46.6	1.0	18.91
	including	45.6	46.1	0.5	29.08
	and	46.1	46.6	0.5	8.73
		48.9	49.2	0.3	49.56
		90.2	92.1	1.9	54.16
	including	90.2	90.8	0.6	156.55
	and	90.8	91.4	0.6	6.19
	and	91.4	92.1	0.7	7.50
		93.7	95.5	1.8	23.78
	including	93.7	94.3	0.6	14.98
	and	94.3	94.7	0.4	39.73
	and	94.7	95.5	0.8	22.40
		96.9	97.5	0.6	3.85
		104.8	105.4	0.6	3.98
TGC-0399		115.9	117.2	1.3	4.33
	including	115.9	116.2	0.3	5.23
	and	116.2	116.5	0.3	2.40
	and	116.5	116.8	0.3	0.07
	and	116.8	117.2	0.3	9.22
TGC-0400		14.3	15.4	1.1	17.02
	including	14.3	14.6	0.4	4.32
	and	14.6	15.1	0.5	33.12
	and	15.1	15.4	0.3	7.68
		26.3	26.6	0.3	42.39
		47.6	47.9	0.3	3.11
TGC-0401		61.0	61.6	0.6	3.37
		71.3	72.0	0.7	3.41
TGC-0402		11.2	11.5	0.3	5.65
		23.5	23.9	0.4	21.78
		25.0	25.5	0.5	49.12
TGC-0403		0.6	1.1	0.5	23.65
		74.0	77.2	3.2	16.64
	including	74.0	75.0	1.0	3.39
	and	75.0	76.0	1.0	3.18
	and	76.0	77.2	1.2	39.87
TGC-0404		25.4	26.0	0.6	9.18
TGC-0405		0.0	1.1	1.1	5.57
	including	0.0	0.5	0.5	4.09
	and	0.5	1.1	0.7	6.60
		77.1	77.6	0.5	3.86
		92.5	93.1	0.6	6.66
		101.4	102.6	1.2	3.88
TGC-0407		77.0	77.6	0.6	6.11
		85.5	85.8	0.3	10.89
		90.0	90.3	0.3	21.56
		93.2	93.6	0.4	3.33
		97.7	98.1	0.4	8.37
TGC-0412		60.4	60.7	0.3	24.56
TGC-0413		34.2	34.8	0.6	3.16
		35.7	36.3	0.6	4.03
		64.8	66.9	2.1	10.85
	including	64.8	65.2	0.4	37.62
	and	65.2	65.8	0.6	9.47
	and	65.8	66.6	0.8	0.08
	and	66.6	66.9	0.3	6.62
TGC-0415		26.5	26.9	0.4	35.78
TGC-0417		29.7	30.1	0.3	5.80
		42.7	43.9	1.2	6.83
TGC-0418		35.1	36.0	0.9	3.05
		57.2	59.0	1.8	4.81
	including	57.2	58.0	0.8	3.51
	and	58.0	58.4	0.4	NS
	and	58.4	59.0	0.6	9.74
		60.3	60.6	0.3	3.82
		66.8	67.4	0.6	8.73
TGC-0420		31.1	32.6	1.5	6.45
	including	31.1	31.4	0.3	15.68
	and	31.4	31.8	0.4	0.14
	and	31.8	32.3	0.5	4.66
	and	32.3	32.6	0.3	8.21
		34.8	35.2	0.4	4.53
		36.3	36.8	0.5	5.35
		41.9	42.2	0.3	5.55
TGC-0422		17.5	18.8	1.3	8.67
	including	17.5	17.8	0.3	21.62
	and	17.8	18.5	0.7	4.57
	and	18.5	18.8	0.3	5.40
TGC-0425		0.9	1.2	0.3	63.98
		30.8	32.3	1.5	4.31
	including	30.8	31.3	0.5	5.49
	and	31.3	31.6	0.3	5.85
	and	31.6	31.9	0.3	0.96
	and	31.9	32.3	0.4	4.19
		33.4	36.9	3.6	7.81
	including	33.4	34.0	0.7	5.81
	and	34.0	34.9	0.9	10.01
	and	34.9	35.2	0.3	3.32
	and	35.2	35.5	0.3	<0.01
	and	35.5	35.8	0.3	17.66
	and	35.8	36.5	0.7	0.06
	and	36.5	36.9	0.4	21.55
		38.5	38.9	0.4	8.28
		65.6	66.1	0.5	10.12

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251591

Base Metals Breaking Junior Mining Lion One Metals Precious Metals

Lion One Drills 236.00 g/t Gold over 0.4 m Near Mine Underground at Tuvatu Gold Mine in Fiji

Post author By admin
Post date May 1, 2025

North Vancouver, British Columbia–(Newsfile Corp. – May 1, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company”) is pleased to report significant new high-grade gold results from 4,123.8 meters of underground infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji (“Tuvatu“). The drilling is focused on the Zone 5 area of the deposit, which is currently being mined.

Drilling was conducted from two near surface underground drill stations. The Company intersected high-grade mineralized structures in 29 drill holes targeting the UR2 lode down-dip of current underground developments. Most of the drill holes did not exceed 150 m in length and most of the high-grade drill intercepts are located within 50 m of current underground workings. Drill results include multiple bonanza grade gold intercepts over narrow widths, such as 236.00 g/t over 0.4 m, 101.58 g/t over 0.5 m, 102.35 g/t over 0.3 m, 94.23 g/t over 0.3 m, and 89.63 g/t over 0.4 m. Due to the proximity of drill results to existing workings there is a strong probability that these intercepts can be incorporated into the mine plan in the next six to twelve months.

Tuvatu is a high-grade narrow vein alkaline gold deposit and bonanza grade drill results are not uncommon on the project. In January the Company released the highest grade assay ever returned from Zone 5 drilling; 2,749.86 g/t over 0.3 m (see press release dated January 23, 2025). Previous high-grade drill results from Zone 5 include 1,517.79 g/t gold over 0.3 m (see press release dated December 17, 2024), 1,568.55 g/t over 0.3 metres (see press release dated June 5, 2024), and 1,986.23 g/t gold over 0.6 m (see press release dated December 13, 2023).

Highlights of New Drill Results:

236.00 g/t Au over 0.4 m (TGC-0345, from 109.42 m depth)
25.89 g/t Au over 3.0 m (including 101.58 g/t Au over 0.5 m g/t) (TGC-0359, from 110.7 m depth)
16.85 g/t Au over 3.0 m (including 38.27 g/t Au over 0.9 m) (TGC-0339, from 104.7 m depth)
18.26 g/t Au over 2.5 m (including 89.63 g/t Au over 0.4 m) (TGC-0332, from 67.14 m depth)
15.36 g/t Au over 2.7 m (including 47.25 g/t Au over 0.3 m) (TGC-0343, from 75.3 m depth)
27.08 g/t Au over 1.5 m (including 94.23 g/t over 0.3 m) (TGC-0343, from 61.7 m depth)
16.34 g/t Au over 2.3 m (including 23.57 g/t over 0.6 m) (TGC-0335, from 102.1 m depth)
29.44 g/t Au over 1.3 m (including 102.35 g/t Au over 0.3 m) (TGC-0347, from 108.96 m depth)
25.96 g/t Au over 1.4 m (including 43.58 g/t Au over 0.6 m) (TGC-0343, from 68.9 m depth)
14.23 g/t Au over 2.4 m (including 23.37 g/t Au over 0.4 m) (TGC-0327, from 101.9 m depth)

*Drill intersects are downhole lengths, 3.0 g/t cutoff. True width not known. See Table 1 for additional data.

Figure 1. Location of the UR2 drilling reported in this news release. Left image: Plan view of the UR2 drilling in relation to the UR2 lode shown in green and other mineralized lodes shown in grey, with Tuvatu underground development shown in red. Yellow dashed square represents the area shown in the right image. Right image: Section view of the UR2 drilling looking West.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/250404_792a212d848f0816_001full.jpg

Zone 5

The Zone 5 area of Tuvatu is located along the main decline and includes the principal north-south and northeast-southwest oriented lodes at Tuvatu, as well as several western lodes. These lodes are steeply dipping structures that converge at approximately 500 m depth to form Zone 500, which is the highest-grade part of the deposit and is interpreted to be a major feeder zone at Tuvatu. The system remains open at depth with the deepest high-grade intersections occurring below 1000 m depth.

The drilling reported in this news release targeted the near-surface portion of the UR2 lode down-dip of current underground developments. The UR2 lode is one of the main north-south oriented lodes at Tuvatu. It has a strike length of approximately 600 m and dips steeply to the east. Mine development is currently taking place along the UR2 lode at the 1100 and 1102 levels of the mine, which are the deepest levels in Zone 5, as well as at the 1134 level of the mine. The drilling reported here was conducted from two underground drill stations; the 1090 drill station and the 1135 drill station. Drilling from the 1090 drill station targeted a 60 m wide section of the UR2 lode between 30 m and 50 m below the 1100 level at the south end of the lode. Drilling from the 1135 drill station targeted a 100 m wide section of the UR2 lode approximately 10 m above and 10 m below the 1102 level in the middle portion of the lode.

The UR2 drill program consists of infill and grade control drilling with the purpose of providing a detailed understanding of the geometry and mineralization of the UR2 lode in advance of mining. Drilling is being conducted on 10 m centers. 29 out of the 32 drill holes reported in this news release intersected high-grade mineralization. Most of the high-grade intervals reported in this release are located within 50 m of underground developments and are anticipated to be included in the mine plan in the next 6 to 12 months. One additional hole (TGC-0311) was drilled to test a deeper portion of the UR2 lode and returned several high-grade intercepts approximately 80 m below the 1102 level. Highlights of the Zone 5 drilling reported here are shown in Figure 2.

Figure 2. UR2 drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff. Oblique view looking down to the NW. The drill holes shown here primarily targeted areas of the UR2 lode scheduled for near-term mining below current underground developments.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/250404_792a212d848f0816_002full.jpg

Note on Composite Grades

The drill holes reported in this news release are oriented approximately perpendicular to mineralization. The reported intercepts therefore approximate the true width of mineralization. Tuvatu consists of high-grade narrow vein mineralization. The headline intercept of 236.00 g/t gold over 0.4 m therefore has an approximate true width of 0.4 m, as reported. The minimum mining width at Tuvatu is approximately 1.5 m. In reporting drillhole intercepts Lion One uses a grade composite cut-off of 3 g/t gold with <1 m internal dilution at <3 g/t. Drill hole intervals that are <3 g/t are below cutoff and are not included in Table 2.

Competent Person’s Statement

Lion One Laboratories / QAQC

Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 26 important pathfinder elements with an aqua regia digest and ICP-OES finish.

About Lion One Metals Limited

On behalf of the Board of Directors,
Walter Berukoff, Chairman & President

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

Appendix 1: Full Drill Results and Collar Information

Table 1. Collar coordinates for drillholes reported in this release. Coordinates are in Fiji map grid.

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth
TGC-0311	1876383	3920627	128	79.2	-48.5	165.3
TGC-0313	1876384	3920429	94	107.5	-28.3	135.1
TGC-0315	1876384	3920625	128	111.7	-15.9	130.9
TGC-0316	1876384	3920429	94	96.5	-27.8	121.5
TGC-0318	1876383	3920626	128	111.3	-20.2	131.3
TGC-0319	1876384	3920429	94	99.9	-19.8	141.4
TGC-0321	1876384	3920626	128	100.8	-16.4	125.7
TGC-0323	1876384	3920428	94	114.9	-21.0	122.6
TGC-0325	1876384	3920626	128	103.4	-21.9	130.3
TGC-0326	1876384	3920427	94	129.7	-19.9	133.4
TGC-0327	1876384	3920626	128	92.0	-17.0	126.6
TGC-0330	1876384	3920426	94	143.5	-19.9	122.7
TGC-0331	1876384	3920626	128	93.4	-23.0	125.4
TGC-0332	1876384	3920428	94	122.0	-27.7	121.0
TGC-0333	1876384	3920627	128	88.1	-20.9	122.6
TGC-0335	1876384	3920627	128	157.4	0.8	131.6
TGC-0336	1876384	3920429	94	94.9	-22.5	109.7
TGC-0338	1876384	3920429	94	106.3	-22.8	95.8
TGC-0339	1876384	3920627	128	78.4	-19.9	120.0
TGC-0341	1876384	3920428	94	113.4	-25.2	95.6
TGC-0342	1876384	3920627	128	76.0	-14.5	121.3
TGC-0343	1876384	3920429	94	101.1	-25.8	105.0
TGC-0345	1876384	3920627	128	73.9	-22.0	125.7
TGC-0347	1876384	3920627	128	68.7	-20.7	111.5
TGC-0351	1876383	3920628	128	64.0	-18.1	130.0
TGC-0355	1876383	3920628	128	59.4	-17.4	135.0
TGC-0359	1876383	3920628	128	60.8	-9.3	135.0
TGC-0360	1876383	3920628	128	57.0	-11.3	139.0
TGC-0363	1876383	3920628	128	54.7	-16.1	143.3
TGC-0365	1876383	3920628	128	52.9	-11.1	148.0
TGC-0367	1876383	3920628	128	51.3	-17.8	155.6
TGC-0370	1876383	3920628	128	49.5	-13.0	165.9

Table 2. Composite intervals from drillholes reported in this news release (composite grade >3.0 g/t Au, with <1 m internal dilution at <3.0 g/t Au).

Hole ID		From (m)	To (m)	Width (m)	Au (g/t)
TGC-0311		140.1	140.4	0.3	14.59
		150.2	151.3	1.1	7.11
	including	150.2	150.7	0.5	11.83
	and	150.7	151.0	0.3	0.93
	and	151.0	151.3	0.3	4.96
TGC-0313		57.3	57.8	0.5	4.92
		65.8	66.3	0.5	4.65
		74.0	75.6	1.6	5.15
	including	74.0	74.4	0.4	5.68
	and	74.4	74.9	0.5	0.07
	and	74.9	75.2	0.3	2.96
	and	75.2	75.6	0.3	13.46
		83.2	84.4	1.2	5.16
TGC-0315		95.8	96.2	0.4	3.54
TGC-0316		56.6	58.2	1.6	8.48
	including	56.6	56.9	0.3	19.58
	and	56.9	57.2	0.3	12.37
	and	57.2	57.6	0.4	4.95
	and	57.6	58.2	0.6	3.33
		60.9	61.2	0.3	9.30
		64.2	64.5	0.3	4.96
		79.6	80.6	1.0	5.98
	including	79.6	79.9	0.3	6.46
	and	79.9	80.3	0.4	3.38
	and	80.3	80.6	0.3	8.98
TGC-0318		103.6	104.9	1.3	18.03
	including	103.6	104.3	0.7	8.71
	and	104.3	104.9	0.6	28.90
		120.4	120.7	0.3	3.71
TGC-0319		51.8	52.3	0.5	3.51
		61.5	61.9	0.4	8.08
		66.7	69.0	2.3	4.43
	including	66.7	67.1	0.3	3.12
	and	67.1	67.4	0.3	0.94
	and	67.4	68.0	0.6	0.03
	and	68.0	68.5	0.5	11.28
	and	68.5	69.0	0.5	5.56
		70.3	70.6	0.3	37.50
		71.8	73.9	2.1	4.61
	including	71.8	72.2	0.4	3.96
	and	72.2	72.6	0.4	5.09
	and	72.6	73.5	1.0	1.62
	and	73.5	73.9	0.3	13.87
		90.0	90.3	0.3	4.58
TGC-0321		103.1	103.5	0.4	5.22
		106.2	108.1	1.9	4.74
	including	106.2	106.6	0.4	4.53
	and	106.6	106.9	0.3	6.99
	and	106.9	107.2	0.3	1.45
	and	107.2	107.8	0.6	5.36
	and	107.8	108.1	0.3	4.84
TGC-0323		57.9	59.8	1.9	10.42
	including	57.9	58.2	0.3	13.68
	and	58.2	58.5	0.3	1.37
	and	58.5	58.8	0.3	4.45
	and	58.8	59.1	0.3	14.99
	and	59.1	59.5	0.4	14.28
	and	59.5	59.8	0.3	12.43
		64.4	64.7	0.3	4.60
		100.5	100.8	0.3	5.98
TGC-0325		110.3	113.5	3.2	3.55
	including	110.3	110.9	0.6	4.70
	and	110.9	111.5	0.6	0.72
	and	111.5	111.8	0.3	3.02
	and	111.8	112.1	0.3	7.40
	and	112.1	112.5	0.4	5.69
	and	112.5	112.9	0.4	0.14
	and	112.9	113.2	0.3	0.23
	and	113.2	113.5	0.3	8.56
TGC-0326		62.4	62.7	0.3	3.15
		64.4	64.8	0.3	3.85
		65.5	65.8	0.3	3.58
TGC-0327		101.9	104.3	2.4	14.23
	including	101.9	102.2	0.3	3.24
	and	102.2	102.7	0.5	2.86
	and	102.7	103.0	0.3	8.35
	and	103.0	103.3	0.3	20.58
	and	103.3	103.7	0.4	23.37
	and	103.7	104.3	0.6	22.86
TGC-0330		75.0	75.3	0.3	6.02
TGC-0331		108.2	108.8	0.6	4.17
	including	108.2	108.5	0.3	3.15
	and	108.5	108.8	0.3	5.19
TGC-0332		67.1	69.6	2.5	18.26
	including	67.1	67.4	0.3	12.37
	and	67.4	67.8	0.3	<0.01
	and	67.8	68.2	0.4	<0.01
	and	68.2	68.6	0.4	89.63
	and	68.6	68.9	0.3	14.51
	and	68.9	69.2	0.3	3.73
	and	69.2	69.6	0.4	4.66
TGC-0333		103.5	106.1	2.6	9.22
	including	103.5	103.8	0.3	13.88
	and	103.8	104.2	0.4	5.02
	and	104.2	104.6	0.4	35.43
	and	104.6	104.9	0.3	4.41
	and	104.9	105.8	0.9	0.58
	and	105.8	106.1	0.3	5.96
TGC-0335		102.1	104.4	2.3	16.34
	including	102.1	102.6	0.5	21.78
	and	102.6	103.2	0.6	23.57
	and	103.2	103.8	0.6	17.20
	and	103.8	104.4	0.6	3.71
TGC-0336		52.2	52.7	0.6	7.64
		56.2	56.9	0.7	11.29
	including	56.2	56.6	0.4	3.00
	and	56.6	56.9	0.3	21.78
		65.0	65.4	0.4	9.40
		71.8	72.8	1.0	3.99
	including	71.8	72.3	0.5	3.15
	and	72.3	72.8	0.5	4.87
		76.9	77.8	0.9	8.32
	including	76.9	77.2	0.3	15.86
	and	77.2	77.8	0.6	4.20
		102.0	103.0	1.0	17.90
TGC-0338		54.9	55.5	0.6	3.82
		69.1	69.7	0.6	25.89
		71.7	72.3	0.6	20.54
TGC-0339		104.7	107.7	3.0	16.85
	including	104.7	105.6	0.9	38.27
	and	105.6	105.9	0.3	8.93
	and	105.9	106.5	0.6	0.16
	and	106.5	106.8	0.3	3.92
	and	106.8	107.7	0.9	13.49
TGC-0341		63.0	64.0	1.0	5.23
	including	63.0	63.3	0.3	3.44
	and	63.3	64.0	0.7	6.00
		68.5	69.1	0.6	22.78
TGC-0342		104.3	105.0	0.7	13.87
TGC-0343		58.1	58.8	0.7	3.81
	including	58.1	58.4	0.3	4.58
	and	58.4	58.8	0.4	3.23
		60.2	60.5	0.3	4.32
		61.7	63.2	1.5	27.08
	including	61.7	62.2	0.5	6.69
	and	62.2	62.5	0.3	94.23
	and	62.5	62.8	0.3	9.85
	and	62.8	63.2	0.4	15.14
		68.9	70.3	1.4	25.96
	including	68.9	69.2	0.3	28.99
	and	69.2	69.7	0.5	3.01
	and	69.7	70.3	0.6	43.58
		75.3	78.0	2.7	15.36
	including	75.3	75.6	0.3	47.25
	and	75.6	75.9	0.3	13.93
	and	75.9	76.2	0.3	2.49
	and	76.2	76.7	0.5	0.30
	and	76.7	77.0	0.3	6.02
	and	77.0	77.3	0.3	13.46
	and	77.3	77.7	0.4	14.67
	and	77.7	78.0	0.3	35.07
TGC-0345		109.4	109.8	0.4	236.00
TGC-0347		109.0	110.2	1.3	29.44
	including	109.0	109.3	0.3	3.65
	and	109.3	109.9	0.6	3.95
	and	109.9	110.2	0.3	102.35
TGC-0351		111.2	113.0	1.8	4.84
	including	111.2	112.4	1.2	5.07
	and	112.4	113.0	0.6	4.39
TGC-0359		106.7	107.2	0.5	3.80
		110.7	113.7	3.0	25.89
	including	110.7	111.0	0.3	3.07
	and	111.0	111.5	0.5	26.50
	and	111.5	112.0	0.5	101.58
	and	112.0	112.5	0.5	5.43
	and	112.5	112.9	0.4	6.09
	and	112.9	113.2	0.3	10.42
	and	113.2	113.7	0.5	8.89
TGC-0360		115.6	116.2	0.6	34.99
TGC-0363		116.8	117.6	0.8	17.46
	including	116.8	117.2	0.4	27.33
	and	117.2	117.6	0.4	7.58
TGC-0370		109.2	109.5	0.3	3.23

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250404

Energy Junior Mining Lion One Metals Precious Metals

Lion One Announces Mine Ventilation Upgrade, Reports Preliminary Gold Results

Post author By admin
Post date April 17, 2025

North Vancouver, British Columbia–(Newsfile Corp. – April 17, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to provide an operations update and announce the completion of the raise bore project and mine ventilation upgrade at the Company’s 100% owned Tuvatu Gold Mine in Fiji, and reports preliminary quarterly gold production from the Tuvatu Gold Mine for Q1 CY2025.

The mine ventilation upgrade is a major milestone for the Company as it enables the Company to develop more levels underground and to put more mineralized headings into production. Airflow within the mine has improved dramatically and ventilation is now sufficient for development to proceed to the high-grade Zone 500 feeder zone, which is where the company drilled 75.9 m of 20.86 g/t gold and 54.9 m of 12.22 g/t gold. Together with the new mine equipment en route to Fiji and the development of the Company’s first shrinkage stope, the mine ventilation upgrade will increase mine development at Tuvatu in advance of the next stage of mill expansion to 600-700 TPD.

Operations Update

Summary:

Raise bore development and ventilation circuit upgrade complete
Ventilation is now sufficient for development to proceed to the high-grade Zone 500
New levels and mineral headings are now being developed as a result of improved ventilation
Record 13 active headings under development at Tuvatu with more to be added
New mine equipment en route to Fiji to further accelerate mine development
First shrinkage stope under development and advancing well

The Company is currently operating at the 300 TPD pilot plant phase with expansion to the 600-700 TPD phase of operations anticipated in 2026. In advance of expansion the Company is completing critical mine infrastructure projects, including the raise bore and primary ventilation upgrade project.

Development and commissioning of the raise bore and primary ventilation circuit is now complete. Airflow within the mine has improved dramatically. Windspeed measured at the main portal is now twice as fast as prior to the completion of the new circuit and mining operations can proceed more efficiently as a result. In recent months underground development has been restricted to near-surface levels due to lack of sufficient ventilation to advance deeper into the deposit. With the primary ventilation circuit now complete, the Tuvatu mine has sufficient ventilation for underground development to proceed down to the high-grade Zone 500 feeder zone, which is a major priority for the Company. New development and mineralized headings can now immediately be advanced to deeper levels of the mine and new sources of mineralized material can be developed and put into production. With the recent addition of new mining equipment and staff, a total of 13 active headings are now being advanced at Tuvatu, which is a new record for the Company. More headings will be added as additional mining equipment arrives on site in the coming weeks and months as mine development continues to accelerate.

A shrinkage stope is now actively being developed along the Ura1 lode at Tuvatu where bonanza grade gold results, such as 142.66 g/t gold over 2.2 m, have been returned from drilling. The shrinkage stope is anticipated to be approximately 100 m long, 30 m tall, and 1.5 m wide, and is designed to minimize dilution and maximize gold grades delivered to the mill. During development of the stope, the Ura1 lode has shown to be continuous, and sampling has returned consistent high grades across the structure. The Ura1 shrinkage stope is anticipated to come online in May and June 2025 and will be the first of a series of shrinkage stopes to be developed at Tuvatu.

Figure 1. Example Ura1 Shrinkage Stope Development. Example shrinkage stope development rise face showing the Ura1 lode at the center of the rise, with the Ura lode identified with red paint and sample markers identified in pink paint. Width of the image is approximately 1.6 m.

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Preliminary Quarterly Gold Results

Summary:

3,555 oz of gold recovered
27,841 tonnes milled
4.9 g/t gold average head grade
80.4% recovery

Lion One Metals recovered 3,555 oz of gold during the quarter ending March 31, 2025. This represents a 155% increase in production year-over-year from the same quarter in 2024, during which 1,394 oz of gold was produced while the processing plant was undergoing commissioning. This is a decrease in production quarter-over-quarter from the 4300 oz of gold produced during the prior quarter ending December 31, 2024.

The decrease in production from the prior quarter is due primarily to increased downtime related to both scheduled and unscheduled mill maintenance and repairs during January and February 2025. During this period there were 6 days of planned mill maintenance shutdown to complete a mill liner replacement, and a secondary mill pinion replacement, as well as unscheduled downtime and reduced mill throughput as a result of heavy rains. Mill throughput typically exceeds design levels and averages approximately 340 TPD but was reduced to an average of 280 TPD in January and February. Production returned to normal levels in March once both the scheduled and weather-related maintenance procedures were complete. Modifications to the mill are currently underway to minimize the impact of heavy rains and to improve water management within the pilot plant and reduce the seasonal effect of heavy rains.

Figure 2. Tuvatu Monthly Gold Production, October 2024 to March 2025. Gold production dipped in January and February 2025 due to scheduled mill maintenance shutdowns as well as to unscheduled maintenance and reduced mill throughput due to heavy rains. Production returned to baseline levels in March 2025.

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Qualified Persons Statement

In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), William J. Witte, P.Eng., Principal Advisor to the Company, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.

Lion One Laboratories / QAQC

Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES) but currently focuses on a suite of 26 important pathfinder elements with an aqua regia digest and ICP-OES finish.

About Lion One Metals Limited

On behalf of the Board of Directors,
Walter Berukoff, President, Chairman of the Board

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248870

Energy Junior Mining Lion One Metals Precious Metals

Lion One Drills 142.66 g/t Gold over 2.2 m from Underground at Tuvatu Gold Mine in Fiji

Post author By admin
Post date March 25, 2025

North Vancouver, British Columbia–(Newsfile Corp. – March 25, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to report significant new high-grade gold results from 2,194.70 meters of underground infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji (“Tuvatu“). The drilling is focused on the Ura lode system which is currently being mined.

All drilling was conducted from near surface underground workings. The Company intersected high-grade mineralized structures in 18 holes. Most of the drill holes did not exceed 130 m in length and most of the high-grade drill intercepts are located within 50 m of current underground workings. Drill results include multiple bonanza grade gold assays such as 142.66 g/t over 2.2 m, 489.52 g/t over 0.4 m, 168.95 g/t over 0.5 m, 189.15 g/t over 0.3 m, and 179.95 g/t over 0.3 m.

The Ura lode system is currently being mined from both the 1095 level and the 1116 level of the mine. The primary targets for the Ura drill program are the areas of the Ura system scheduled for near term mining up dip of the 1116 level and down dip of the 1095 level. Mining up dip of the 1116 level will be conducted through conventional shrinkage stoping. Work on this stope has already begun. The 1116 up-dip stope is steeply dipping and will be mined over a strike length of 100 m, with narrow mining widths of approximately 1.5 m. This stope encompasses numerous high-grade gold drill results, including the 168.95 g/t gold over 0.5 m intercept noted above, which is located 20 m above the 1116 level within the planned stope.

The Ura system remains open at depth and is largely untested below the currently modeled lodes. The system is a prime target for resource expansion and upgrade given the high-grade drill results, the underground access already in place, and the lack of drilling down-dip. The drilling reported here represents the first systematic drill program designed to target the Ura system. Much of this drilling is located outside the current resource. Drilling is ongoing and is being conducted from two underground drill stations: the 1095 drill station and the 1116 drill station.

Lion One Chairman Walter Berukoff commented: “We’re very pleased with the results from the Ura drill program. The Ura system is a developing target that represents an excellent opportunity both to expand our resource and to add tonnes to our immediate mine plan. The Ura lodes are high-grade structures, and we expect to be mining the areas targeted by this drill program in the next three to six months.”

Highlights of New Drill Results:

142.66 g/t Au over 2.2 m (including 328.50 g/t Au over 1.0 m) (TGC-0378, from 13.79 m depth)
489.52 g/t Au over 0.4 m (TGC-0389, from 31.1 m depth)
168.95 g/t Au over 0.5 m (TGC-0396, from 68.78 m depth)
25.87 g/t Au over 2.3 m (including 59.24 g/t Au over 0.8 m) (TGC-0396, from 55.7 m depth)
189.15 g/t Au over 0.3 m (TGC-0380, from 76.78 m depth)
179.95 g/t Au over 0.3 m (TGC-0391, from 149 m depth)
30.16 g/t Au over 1.5 m (including 81.27 g/t Au over 0.4 m) (TGC-0389, from 50.9 m depth)
31.74 g/t Au over 1.4 m (including 52.27 g/t Au over 0.6 m) (TGC-0392, from 41.1 m depth)
21.55 g/t Au over 1.9 m (including 67.05 g/t Au over 0.3 m) (TGC-0384, from 18.94 m depth)
41.57 g/t Au over 1.0 m (including 128.64 g/t Au over 0.3 m) (TGC-0384, from 38.64 m depth)
26.79 g/t Au over 1.5 m (including 69.27 g/t Au over 0.5 m) (TGC-0366, from 4.6 m depth)

*Drill intersects are downhole lengths, 3.0 g/t cutoff. True width not known. See Table 1 for additional data.

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Ura Lode System

The Ura lode system was discovered during the initial development of the mine decline in late 2022 and was initially modelled as a single lode. It is now understood to be a system of lodes, with at least three separate lodes already identified (Ura1, Ura2, and Ura3). The Ura system remains largely untested. The system extends to surface and is open at depth. It is closed to the north by the Coreshed fault, while to the south it intersects and is likely offset slightly by the Cabex fault. The drilling reported here represents the first systematic drill program designed to target the Ura system.

Three separate lodes have so far been identified in the Ura system; the Ura1, Ura2, and Ura3 lodes, all three of which are narrow high-grade structures with bonanza-grade gold intersections frequently associated with chalcedonic silica and roscoelite – mineralization characteristic of high-grade alkaline gold systems. The Ura1 and Ura3 lodes dip subvertically to the west and strike approximately 200° to the SSW. The Ura2 lode strikes approximately 205° to the SSW and dips at approximately 45° to the west. The Ura2 lode intersects the Ura1 lode slightly below the 1116 level while the Ura3 lode is located between the Ura2 and Ura1 lodes, intersecting the Ura2 lode between the 1095 and 1116 levels. All three lodes have current total strike lengths of approximately 220 m each and remain open both at depth and to the South beyond the Cabex fault.

The drilling reported in this news release was conducted from two underground drill stations; the 1095 and 1116 drill stations. The drilling targeted areas of the Ura system directly up-dip and down-dip of the 1095 and 1116 levels, with particular focus on the Ura1 and Ura3 lodes. Drilling is being conducted on a 12.5 m grid to provide a detailed understanding of the geometry and mineralization in advance of mining. These areas are scheduled for mining in the near term and are anticipated to be added to the mine plan within the next two to six months.

The Ura system is largely untested and much of the drilling reported in this news release targeted areas outside the current resource. The Ura system is a prime target for resource expansion. Very limited drilling has been conducted below the current underground workings and initial analysis indicates that the system extends well below current levels. The deepest high grade intersect reported in this news release, 179.95 g/t gold over 0.3 m, is located approximately 90 m below current workings. This represents an additional four to five levels of mineralization below current mine levels, with strong potential for mineralization to continue further at depth (Figure 3).

Figure 2. Ura drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff, plan view. Plan view looking down. The drill holes shown here primarily targeted areas of the Ura lodes scheduled for near-term mining above and below the 1095 level. Ura lodes show in purple, underground workings in grey.

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Figure 3. Ura drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff, section view. Section view looking NNE. Limited drilling has been conducted on the Ura system below the 1095 level. High grade gold mineralization has been intersected 90 m below the current underground workings and the system remains open at depth. Ura lodes shown in light purple, underground workings in grey.

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Competent Person’s Statement

Lion One Laboratories / QAQC

Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 26 important pathfinder elements with an aqua regia digest and ICP-OES finish.

About Lion One Metals Limited

On behalf of the Board of Directors,
Walter Berukoff, Chairman & President

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

Appendix 1: Full Drill Results and Collar Information

Table 1. Collar coordinates for drillholes reported in this release. Coordinates are in Fiji map grid.

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth
TGC-0364	1876283	3920814	120	304.3	-7.2	106.0
TGC-0366	1876284	3920812	121	266.2	18.2	85.0
TGC-0368	1876283	3920812	121	283.3	18.1	81.0
TGC-0369	1876283	3920814	121	313.2	14.7	86.3
TGC-0371	1876283	3920815	120	318.6	-6.7	94.0
TGC-0372	1876283	3920818	120	335.7	-10.2	180.4
TGC-0374	1876283	3920815	120	291.6	-38.3	174.6
TGC-0376	1876283	3920815	119	291.7	-44.5	112.0
TGC-0378	1876182	3920778	98	99.2	-40.0	80.2
TGC-0380	1876285	3920814	122	291.1	-49.4	121.2
TGC-0381	1876182	3920778	98	99.0	-81.0	16.1
TGC-0382	1876182	3920779	99	78.6	-14.8	62.3
TGC-0384	1876182	3920779	99	64.4	-17.3	74.4
TGC-0385	1876283	3920815	119	303.0	-37.4	105.0
TGC-0386	1876182	3920779	98	63.5	-46.8	110.7
TGC-0388	1876283	3920815	119	302.6	-43.9	113.1
TGC-0389	1876182	3920780	99	53.5	-13.2	101.2
TGC-0390	1876182	3920780	99	52.7	-35.9	111.0
TGC-0391	1876283	3920815	119	303.1	-50.1	231.5
TGC-0392	1876183	3920778	99	110.7	-19.2	58.2
TGC-0396	1876283	3920811	121	249.2	16.3	90.5

Table 2. Composite intervals from drillholes reported in this news release (composite grade >3.0 g/t Au, with <1 m internal dilution at <3.0 g/t Au).

Hole ID		From (m)	To (m)	Width (m)	Au (g/t)
TGC-0364		0.0	0.7	0.7	3.05
		50.3	51.9	1.6	11.47
	including	50.3	50.9	0.6	25.78
	and	50.9	51.4	0.5	0.26
	and	51.4	51.9	0.5	5.52
TGC-0366		1.7	2.2	0.5	12.58
		4.6	6.1	1.5	26.79
	including	4.6	5.1	0.5	69.27
	and	5.1	5.8	0.7	4.45
	and	5.8	6.1	0.3	3.80
		7.3	9.0	1.7	5.05
	including	7.3	7.9	0.6	5.50
	and	7.9	9.0	1.1	4.81
		10.8	11.6	0.8	5.43
	including	10.8	11.1	0.3	3.63
	and	11.1	11.6	0.5	6.60
		20.2	22.0	1.8	12.27
	including	20.2	21.4	1.2	16.14
	and	21.4	22.0	0.6	4.54
		26.9	27.7	0.8	8.86
		34.2	34.7	0.5	5.32
		45.6	46.2	0.6	23.86
		54.7	55.0	0.3	3.07
		56.1	56.5	0.4	44.93
TGC-0368		20.7	21.0	0.3	8.43
		39.5	40.0	0.5	3.57
		44.8	45.4	0.6	6.86
		50.7	51.7	1.0	3.97
	including	50.7	51.2	0.5	3.97
	and	51.2	51.7	0.5	3.97
		75.7	76.4	0.7	3.11
TGC-0374		110.9	111.2	0.3	21.79
TGC-0376		77.9	79.3	1.5	5.47
	including	77.9	78.3	0.5	9.95
	and	78.3	79.3	1.0	3.46
		90.5	90.8	0.4	5.33
TGC-0378		12.1	12.4	0.3	3.49
		13.8	16.0	2.2	142.66
	including	13.8	14.3	0.5	5.77
	and	14.3	14.8	0.5	2.57
	and	14.8	15.1	0.3	0.17
	and	15.1	16.0	1.0	328.50
		23.3	24.8	1.5	8.46
	including	23.3	23.7	0.4	21.28
	and	23.7	24.1	0.4	0.39
	and	24.1	24.8	0.7	6.12
		29.4	29.7	0.3	10.02
TGC-0380		0.0	0.5	0.5	15.86
		72.8	73.2	0.4	21.05
		76.8	77.1	0.3	189.15
TGC-0381		14.2	15.4	1.2	7.47
TGC-0382		15.2	15.5	0.3	46.28
		18.1	18.5	0.4	9.98
		20.2	20.6	0.4	71.69
		31.0	31.8	0.8	33.39
	including	31.0	31.5	0.5	25.25
	and	31.5	31.8	0.3	48.03
		33.0	33.4	0.4	3.12
		34.6	36.1	1.5	5.99
	including	34.6	35.0	0.4	4.71
	and	35.0	35.3	0.3	13.71
	and	35.3	35.6	0.3	3.40
	and	35.6	36.1	0.5	4.07
TGC-0384		18.9	20.8	1.9	21.55
	including	18.9	19.3	0.3	29.99
	and	19.3	19.7	0.5	2.13
	and	19.7	20.0	0.3	67.05
	and	20.0	20.3	0.3	0.16
	and	20.3	20.8	0.5	19.84
		22.0	22.6	0.6	4.59
	including	22.0	22.3	0.3	4.09
	and	22.3	22.6	0.3	5.08
		38.6	39.6	1.0	41.57
	including	38.6	39.0	0.4	4.28
	and	39.0	39.3	0.3	0.60
	and	39.3	39.6	0.3	128.64
TGC-0385		71.4	72.4	1.0	18.55
	including	71.4	71.7	0.3	6.55
	and	71.7	72.1	0.4	0.05
	and	72.1	72.4	0.3	57.69
		78.3	80.0	1.7	4.88
	including	78.3	78.7	0.4	3.50
	and	78.7	79.4	0.7	0.05
	and	79.4	79.7	0.3	13.75
	and	79.7	80.0	0.3	8.74
		92.9	93.2	0.3	24.86
TGC-0386		10.0	14.3	4.4	4.73
	including	10.0	10.4	0.4	16.48
	and	10.4	11.0	0.7	<0.01
	and	11.0	11.3	0.3	1.52
	and	11.3	12.5	1.2	3.65
	and	12.5	12.8	0.3	<0.01
	and	12.8	13.1	0.3	1.09
	and	13.1	14.3	1.2	7.36
TGC-0388		0.0	0.6	0.6	3.48
TGC-0389		31.1	31.5	0.4	489.52
		50.9	52.4	1.5	30.16
	including	50.9	51.3	0.4	81.27
	and	51.3	52.0	0.7	2.91
	and	52.0	52.4	0.4	26.72
		85.9	86.2	0.3	4.04
TGC-0390		14.7	15.1	0.4	7.70
		59.1	59.6	0.5	6.76
		81.0	81.4	0.4	21.76
		84.5	85.1	0.6	3.00
		85.7	86.2	0.5	3.69
		99.1	99.4	0.3	4.43
		101.6	101.9	0.3	3.28
TGC-0391		0.0	0.6	0.6	3.61
		76.9	78.1	1.2	10.40
	including	76.9	77.5	0.6	7.91
	and	77.5	78.1	0.6	12.89
		96.9	97.3	0.4	39.15
		113.0	113.3	0.3	3.72
		149.0	149.3	0.3	179.95
TGC-0392		14.0	14.4	0.4	5.32
		24.6	27.8	3.2	11.99
	including	24.6	25.0	0.4	18.68
	and	25.0	25.6	0.6	5.97
	and	25.6	26.3	0.7	34.65
	and	26.3	27.2	0.9	0.05
	and	27.2	27.8	0.6	5.01
		41.1	42.5	1.4	31.74
	including	41.1	41.7	0.6	52.27
	and	41.7	42.5	0.8	16.34
TGC-0396		0.0	0.5	0.5	12.53
		5.2	8.0	2.8	7.13
	including	5.2	5.6	0.4	9.95
	and	5.6	6.2	0.7	13.67
	and	6.2	6.5	0.3	1.24
	and	6.5	7.4	0.9	4.67
	and	7.4	8.0	0.6	4.55
		10.9	11.6	0.6	3.64
		12.1	12.7	0.6	3.26
		14.0	16.8	2.8	5.48
	including	14.0	14.5	0.5	8.38
	and	14.5	15.0	0.5	3.61
	and	15.0	15.4	0.4	5.88
	and	15.4	15.7	0.3	9.27
	and	15.7	16.8	1.1	3.90
		34.7	35.0	0.3	21.78
		50.0	54.5	4.5	3.74
	including	50.0	50.3	0.3	4.50
	and	50.3	51.5	1.2	6.56
	and	51.5	52.3	0.8	0.04
	and	52.3	52.7	0.4	3.58
	and	52.7	53.0	0.3	2.48
	and	53.0	53.3	0.3	1.76
	and	53.3	54.5	1.2	4.07
		55.7	58.0	2.3	25.87
	including	55.7	56.5	0.8	59.24
	and	56.5	57.2	0.7	12.82
	and	57.2	58.0	0.8	3.05
		64.2	66.7	2.5	4.70
	including	64.2	64.5	0.3	5.08
	and	64.5	65.5	1.0	5.23
	and	65.5	66.7	1.2	4.16
		68.8	69.3	0.5	168.95

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245955

Energy Junior Mining Lion One Metals Precious Metals Uncategorized

Lion One Announces Construction of Flotation Circuit at Tuvatu Gold Mine in Fiji

Post author By admin
Post date March 20, 2025

North Vancouver, British Columbia–(Newsfile Corp. – March 20, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company”) is pleased to announce the start of engineering and construction of the flotation circuit at its 100% owned Tuvatu Alkaline Gold Project in Fiji.

The Tuvatu gold mine is currently operating at the 300 TPD pilot plant level. The Company plans to double plant design capacity to 600 TPD with the expansion occurring in stages. The first stage of expansion is the addition of a flotation circuit that includes a regrind mill for processing flotation concentrate to approximately P80 20 microns prior to feeding the pre-treatment and CIL circuits.

Metallurgical testing conducted by the Lion One metallurgical lab in Fiji indicates that the addition of a flotation circuit will increase gold recoveries at Tuvatu by up to 10%. Gold recoveries at Tuvatu currently average between 80-83%. With a flotation circuit in place gold recoveries are anticipated to increase to over 90%.

Engineering of the concrete foundations of the flotation circuit has completed and construction preparation has begun. The steel and flotation plant equipment has also been ordered. Construction is anticipated to be complete in Q4 CY2025.

Lion One Chairman and President Walter Berukoff stated: “Construction of the flotation circuit is a priority for Lion One. Upon completion of construction the flotation circuit will provide immediate payback for the Company by increasing recoveries to over 90%. This is a significant increase in gold recoveries and further enhances the economics of the project.”

Competent Person’s Statement

In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), William J. Witte, P.Eng., Principal Advisor to the Company, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.

About Lion One Metals Limited

On behalf of the Board of Directors,
Walter Berukoff, Chairman & President

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-Looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.