Category: Junior Mining

Emperor Metals Unveils Bonanza-Grade Gold Discovery: 21.7m of 35.2 g/t Au, While Expanding Ounces by Testing Previously Unsampled Historical Core

Post author By admin
Post date February 25, 2025

Vancouver, British Columbia–(Newsfile Corp. – February 25, 2025) – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) (“Emperor“) is excited to announce the reanalysis results for the previously released DQ24-12 samples (see press release, January 8, 2025), along with the final results of all prior unsampled historical core assays. Given the abundant visible gold observed in the DQ24-12 intersection and the discrepancies between the initial results and geological observations, a more representative method was used to provide a more accurate result.

CEO John Florek commented: “The discovery of high-grade gold lenses, which contain visible gold and were previously thought to be lower-grade, is a highly significant development for the economics of this deposit and strengthens the potential of the project. This opens up the opportunity to add additional high-grade zones within a large gold system. The presence of abundant free gold, not well-documented in earlier drilling, presents a unique opportunity to substantially increase both the gold grade and ounces within the conceptual open pit. This is further supported by our metallurgical results, visual observations, and high gold grades with minimal sulfide content. Notably, some intercepts show that 1% pyrite corresponds to 2 g/t Au, which is ideal for low-acid-generating gold mining. With additional infill drilling, we anticipate further improvements in both grade and ounces within this type of deposit.”

The 2024 drilling program comprised 8,166 meters across 19 drill holes, alongside approximately 8,000 meters of historical core assaying. To date, 100% of both the 2024 drilling and historical sampling program, including new drilling and resampling of historical core, has been reported for the 2024 season. Figure 1, Table 1, and Table 2 highlight the significant intercepts related to this press release.

Following the high-grade sample reported in our January 8 press release for DQ24-12, which recorded 2.5 meters at 57.8 g/t Au, Emperor re-assayed the interval using a larger, more representative sample than our standard protocol, employing a screened metallics method for greater accuracy. The screened metallics fire assay is a specialized technique used to accurately determine gold concentrations in samples that may contain coarse gold particles, a phenomenon known as the “nugget effect.” This method is particularly useful when traditional fire assay techniques might underestimate gold content due to the presence of large gold grains. This method is particularly beneficial in regions where coarse gold is prevalent, as it helps mitigate the risk of underreporting gold content due to the nugget effect. This result upgrades the 2.5 m interval of 57.8 g/t Au to 2.5 m of 301.1 g/t Au, representing a substantial increase of 5.2 times.

This work, combined with the discovery of visible gold-bearing lenses (shown in Figure 2) and significant low-grade bulk tonnage zones, underscores the project’s substantial resource growth potential. Emperor’s AI capability to effectively utilize this tool to generate targets was crucial for our targeting, where information is not well understood. With the results from the 2024 drilling season now complete, we will leverage our AI technology to rebuild the models, generate new targets, and develop our strategic drilling plan for 2025.

These findings are expected to make a significant contribution to the upcoming Q1 or early Q2 mineral resource estimate.

Resample and Historical Core Highlights: (see tables 1 and 2 for complete results)

DQ24-12: The discovery of visible gold (VG) within a 21.7m section grading 7.2 g/t Au prompted Emperor Metals to conduct screen metallics analysis on the VG sample rejects (286.9m to 289.4m / 2.5m). This analysis returned an exceptionally high grade of 301 g/t Au, revealing a substantial amount of gold not captured in the original split core analysis and updating the zone to 21.7 m of 35.2 g/t Au.
DQ06-02 (Historical Core): Sampling results have expanded three previous zones and increased mineralization to 3.0 m of 6.17 g/t Au, 2.45 meters of 1.13 g/t Au, and 7.0 meters of 2.14 g/t Au. These results were obtained from sheared and altered mafic volcanics, as well as a zone associated with altered quartz-feldspar porphyry and ultramafic sequences.
DO-11-21 (Historical Core): Sampling results reveal an additional 23.8 meters of 0.4 g/t Au in a completely new zone within an altered quartz-feldspar porphyry (QFP).
DQ06-12 (Historical core): Sampling results show an additional 2.35 meters of 4.2 g/t Au within a weakly brecciated mafic flow.
DQ95-22 (Historical core): Sampling results show an additional 6 meters of 2.28 g/t Au within the contact zone between altered QFP and a sheared mafic volcanic unit.
DQ95-31 (Historical core): Sampling results show an additional 6.88 meters of 1.14 g/t Au and 7.92 meters of 1.59 g/t Au, associated with an altered QFP and a brecciated flow/tu
DQ09-09 (Historical core): Sampling results show an additional 8.8 meters of 0.54 g/t Au within an altered syenite porphyry, and 2.1 meters of 3.83 g/t Au in a strongly altered QFP unit.
DQ94-2 (Historical core): Sampling adds 4.58 meters of 1.05 g/t Au at the contact between a weakly sheared mafic volcanic unit and a strongly sheared and fractured QFP.
DQ96-70 (Historical core): Sampling results show an additional 11.75 meters of 0.58 g/t Au within a highly altered diorite unit.

Emperor’s focus in 2024 was on near-surface drilling for open-pit mining, Emperor aims to economically expand its resource base by including lower grades in the conceptual open-pit environment compared to higher grades in an underground mining scenario. This allows Emperor to add ounces more rapidly to the resource. Deposits in the region with currently active open pits have been economic at grades equal 0.30 g/t Au (see Agnico Eagles press release dated Feb 15, 2024 – Detour Lake Deposit cut-off grade, pg. 52.)

Emperor is targeting a multi-million-ounce resource, utilizing a combination of conceptual open-pit and underground mining scenarios. The Property currently hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au. Emperor is committed to delivering an updated Mineral Resource Estimate in Q1 or Early Q2 of 2025.

Figure 1: Location of High-grade Screen metallic results from DQ24-12 and Historical drill holes with reported results from previously unsampled historical core.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8461/242222_4259dbf0c4b36bd1_002full.jpg

Figure 2: Visible Gold Occurrences in DQ24-12.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8461/242222_4259dbf0c4b36bd1_003full.jpg

Strategic Plan

The 2024 drilling campaign at Emperor’s Duquesne West Gold Project in Quebec continues to identify extensive low-grade bulk tonnage zones surrounding the previously known high grade areas. These latest results further solidify the project’s immense potential and underscore the company’s commitment to unlocking substantial value for its shareholders.

The 2024 season leverages advanced exploration techniques to test several scenarios to add ounces and/or expand the footprint:

Explore Lower Grade Discoveries: Target additional discoveries within the host rock containing high-grade gold lenses, focusing on the conceptual open-pit model.
Increase the Thickness of the High-Grade Lenses: Incorporate previously unaccounted lower-grade gold from the margins of high-grade lenses to enhance their overall thickness.
Expand Mineralized Zones: Extend the lateral footprint of mineralized zones along strike and dip.
Discover New Zones: Explore potential new zones not yet included in the conceptual open-pit model, with a particular focus on eastward expansion.

These latest results continue to build on the strong momentum generated by last year’s drilling program and confirm the presences of extensive low grade bulk tonnage zones surrounding the known high-grade regions.

Table 1 – Intercept Highlights- Host Structures are interpreted to be steeply dipping and true widths are generally estimated to 90%.

Hole No.	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ24-12¹	258.8	261.3	2.5	0.39
	261.3	263.8	2.5	0.13
	263.8	266.3	2.5	0.02
Note¹	266.3	268.8	2.5	0.005
	268.8	271.3	2.5	0.01
Note¹	271.3	273.8	2.5	0.005
	273.8	275.4	1.6	0.02
	275.4	276.4	1	6.77
	276.4	277.4	1	1.65
	277.4	278.4	1	0.09
	278.4	279.4	1	0.06
	279.4	280.4	1	0.02
	280.4	281.7	1.3	0.02
	281.7	283.05	1.35	1.47
	283.05	284.4	1.35	0.07
	284.4	286.9	2.5	0.01
Note³	286.9	289.4	2.5	301.00
	289.4	291.9	2.5	0.005
	291.9	294.1	2.2	0.13
	294.1	295.1	1	0.13
	295.1	296.1	1	0.09
	296.1	297.1	1	0.21
		Wt. Avg.	38.3	20.0
		Including (275.4 to 297.1 m)	21.7	35.2
		Including (275.4 to 289.4 m)	14	54.5

¹Host Structures are interpreted to be steeply dipping and true widths are generally estimated to 90%.
³Sample re-assayed. Screened Metallics performed at SGS.

Table 2 – Historical core sampling Highlights- Host Structures are interpreted to be steeply dipping and true widths are generally estimated to 90%. Yellow highlighted tags represent 2024 historical core sampling previously not sampled.

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ06-02	D00289058	341.6	342.6	1	1.67
	D00289059	342.6	343.6	1	0.28
	62944	343.6	344.6	1	16.55
			Wt. Avg.	3	6.17

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ06-02	D00289103	408.4	410.85	2.45	1.13
			Wt. Avg.	2.45	1.13

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ06-02	62861	509	510	1	0.489
	62862	510	511	1	0.02
	62863	511	512	1	0.016
	62864	512	513	1	0.123
	62865	513	513.9	0.9	0.197
	D00289154	513.9	515	1.1	0.14
	D00289155	515	516	1	14.95
			Wt. Avg.	7	2.28
			Incl.	1	14.95

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DO-11-21	D00286397	48.2	49.2	1	0.23
	D00286398	49.2	50.2	1	0.18
	D00286399	50.2	51.2	1	0.77
	D00286401	51.2	52.3	1.1	0.03
	D00286402	52.3	53.4	1.1	0.11
	D00286403	53.4	54.5	1.1	0.03
	D00286404	54.5	55.6	1.1	0.74
	D00286405	55.6	56.7	1.1	1.78
	D00286406	56.7	57.8	1.1	0.06
	D00286407	57.8	58.9	1.1	0.31
	D00286408	58.9	60	1.1	0.33
	D00286409	60	61	1	0.26
	D00286411	61	62	1	0.24
	D00286412	62	63	1	0.27
	D00286413	63	64	1	0.21
	D00286414	64	65	1	0.37
	D00286415	65	66	1	0.36
	D00286416	66	67	1	0.28
	D00286417	67	68	1	0.28
	D00286418	68	69	1	0.53
	D00286419	69	70	1	0.13
	D00286421	70	71	1	1.46
	D00286422	71	72	1	0.17
			Wt. Avg.	23.8	0.40

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ06-12	D00296402	483.4	484.85	1.45	3.79
	83493	484.85	485.75	0.9	4.87
			Wt. Avg.	2.35	4.20

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ95-22	836	303	304.14	1.14	8.57
	837	304.14	305	0.86	0.12
	D00287984	305	306	1	0.005
	D00287985	306	307	1	0.01
	D00287986	307	308	1	0.005
	D00287987	308	309	1	3.81
			Wt. Avg.	6	2.28

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ95-31	D00289344	197.62	199.5	1.88	2.93
	6563	199.5	200	0.5	0.09
	D00289345	200	201.9	1.9	0.04
	6564	201.9	202.4	0.5	0.17
	6565	202.4	203	0.6	1.65
	6566	203	204.5	1.5	0.76
			Wt. Avg.	6.88	1.14

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ95-31	6580	228.56	229.7	1.14	7.1
	6581	229.7	230.2	0.5	0.07
	D00289347	230.2	231.5	1.3	0.07
	6582	231.5	232	0.5	0.02
	D00289349	232	233	1	0.05
	D00289351	233	234	1	3.96
	D00289352	234	235.02	1.02	0.08
	6583	235.02	236.48	1.46	0.18
			Wt. Avg.	7.92	1.59
			Incl.	5.44	2.25

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ09-09	D00296752	28	29	1	1.6
	14067	29	30	1	0.005
	14068	30	31	1	0.005
	14069	31	32	1	0.005
	D00296753	32	33.2	1.2	0.01
	D00296754	33.2	34.4	1.2	0.005
	D00296755	34.4	35.6	1.2	0.6
	D00296756	35.6	36.8	1.2	2.01
			Wt. Avg.	8.8	0.54
			Incl.	2.4	1.31

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ09-09	D00296827	120.3	121.4	1.1	0.14
	D00296828	121.4	122.4	1	7.88
			Wt. Avg.	2.1	3.83
			Incl.	1	7.88

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ94-2	D00295584	221.92	222.68	0.76	2.84
	10932	222.68	223.18	0.5	0.06
	10933	223.18	224.98	1.8	0.21
	10934	224.98	226.5	1.52	1.47
			Wt. Avg.	4.58	1.05

Hole No.	Sample ID	From (m)	To (m)	Interval (m)	Au (g/t Au)
DQ96-70	D00296375	448.5	450	1.5	1.27
	D00296376	450	451.25	1.25	1.67
	D00296377	451.25	452.5	1.25	0.52
	D00296378	452.5	453.6	1.1	0.06
	D00296379	453.6	454.58	0.98	0.24
	10721	454.58	454.88	0.3	0.282
	D00296381	454.88	456	1.12	0.14
	D00296382	456	457.25	1.25	0.46
	D00296383	457.25	458.5	1.25	0.38
	D00296384	458.5	459.75	1.25	0.3
	10722	459.75	460.25	0.5	0.411
			Wt. Avg.	11.75	0.58
			Incl.	4	1.16

Quality Assurance and Control

The Quality Assurance and Quality Control (QAQC) was conducted by Technominex, a geological contractor hired by Emperor Metals, which adheres to CIM Best Practices Guidelines for exploration related activities conducted at its facility in Rouyn Noranda, Quebec. The QA/QC procedures are overseen by a Qualified Person on site.

Emperor Metals QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and lab duplicates within the sample stream totaling approximately one QA/QC sample per 7 samples. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags with appropriate tags and shipped to the SGS Sudbury laboratory and the other half retained on site in the original core box. A dispatch list consists of 88 or 176 samples along with their corresponding QA/QC samples for a single batch. This allows complete batches (88 samples) for fire assay. A file for sample tracking records tags used and weights of sample bags shipped to the SGS Lakefield. Shipment is done by Manitoulin Transport and coordination by Technominex staff in Rouyn-Noranda.

The third-party laboratory, SGS prep laboratory in Sudbury Ontario, processes the shipment of samples using standard sample preparation (code PRP91) and produces pulps from the specified samples. The pulps are then sent off to SGS Burnaby for analysis. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility all the way to analysis at the SGS Burnaby B.C. laboratory.

Analytical testing is performed by SGS laboratories in Burnaby, British Columbia. The entire sample is crushed to 75% passing 2mm, with a split of 500g pulverized to 85% passing 75 microns. Samples are then analyzed using Au – ore grade 50g Fire Assay, ICP-AES with reporting limits of 0.01 -100 part per million (ppm).

High-grade gold analysis, based on the presence of visible gold or exceptional fire assay results exceeding 100 ppm, is conducted using the screened metallics method by Fire Assay, AAS/ICP/Grav. In this process, a 1000 g sample is pulverized and then screened to a 106-micron size. The entire plus fraction is analyzed to extinction, while two 50 g samples from the minus fraction are also analyzed. The weighted average of these results is reported.

About the Duquesne West Gold Project

The Duquesne West Gold Property is located 32 km northwest of the city of Rouyn-Noranda and 10 km east of the town of Duparquet, Quebec, Canada. The property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi Greenstone Belt in the Superior Province.

Under an Option Agreement, Emperor agreed to acquire a 100% interest in a mineral claim package comprising 38 claims covering approximately 1,389 ha, located in the Duparquet Township of Quebec (the “Duquesne West Property”) from Duparquet Assets Ltd., a 50% owned subsidiary of Globex Mining Enterprises Inc. (GMX-TSX). For further information on the Duquesne West Property and Option Agreement, see Emperor’s press release dated Oct. 12, 2022, available on SEDAR.The Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t Au.^[1][2] The mineral resource estimate predates modern Canadian Institute of Mining and Metallurgy (CIM) guidelines and a Qualified Person on behalf of Emperor has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. The gold system remains open for resource identification and expansion.

A reinterpretation of the existing geological model was created using AI and Machine Learning. This model shows the opportunity for additional discovery of ounces by revealing gold trends unknown to previous workers and the potential to expand the resource along significant gold- endowed structural zones.

Multiple scenarios exist to expand additional resources which include:

Underground High-Grade Gold.
Open Pit Bulk Tonnage Gold.
Underground Bulk Tonnage Gold.

QP Disclosure

The technical content for the Duquesne West Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person pursuant to CIM guidelines.

About Emperor Metals Inc.

The company is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value. For more information, please refer to SEDAR+ (www.sedarplus.ca), under the Company’s profile.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ “John Florek”
John Florek, M.Sc., P.Geol
President, CEO and Director
Emperor Metals Inc.

Contact

John Florek President/CEO
T: (807) 228-3531
E: johnf@emperormetals.com

Alex Horsley Director
T: (778) 323-3058
E: alexh@emperormetals.com
Website: www.emperormetals.com

The Canadian Securities Exchange has not approved nor disapproved the content of this press release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements made and information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the company and there is no assurance that the actual results will meet management’s expectations. Forward-Looking statements and information may be identified by such terms as “anticipates,” “believes,” “targets,” “estimates,” “plans,” “expects,” “may,” “will,” “could” or “would.”

Forward-Looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

¹ Watts, Griffis, and McOuat Consulting Geologists and Engineers, Oct. 20, 2011, Technical Report and Mineral Resource Estimate Update for the Duquesne-Ottoman Property, Quebec, Canada, for XMet Inc.

² Power-Fardy and Breede, 2011. The Mineral Resource Estimate (MRE) constructed in 2011 is considered historical in nature as it was constructed prior to the most recent CIM standards (2014) and guidelines (2019) for mineral resources. In addition, the economic factors used to demonstrate reasonable prospects of eventual economic extraction for the MRE have changed since 2011. A qualified person has not done sufficient work to consider the MRE as a current MRE. Emperor is not treating the historical MRE as a current mineral resource. The reader is cautioned not to treat it, or any part of it, as a current mineral resource.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242222

Energy Junior Mining Precious Metals

Emperor Metals to Showcase Key Project Developments at the 2025 Toronto Metals Investor Forum and the PDAC Conference

Post author By admin
Post date February 25, 2025

Vancouver, British Columbia–(Newsfile Corp. – February 24, 2025) – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH), an innovative Canadian mineral exploration company, is pleased to announce its participation in two major upcoming industry events: the Metals Investor Forum and the PDAC Conference in Toronto.

Emperor Metals has recently achieved key milestones, including fast-tracking the development of the Duquesne West Gold Project – with an upcoming Mineral Resources Estimate – and advancing a strategic proposal to acquire the Lac Pelletier Property in Quebec. These accomplishments represent a crucial stage in the company’s growth. We look forward to sharing detailed updates and insights with investors at the following events:

Metals Investor Forum February 28 – March 1
The Metals Investor Forum is an exclusive, company invite-only event built on two core principles: selectivity and quality. It provides serious investors with a unique opportunity to engage directly with management teams from top-tier resource companies, all of which have been handpicked by experienced newsletter writers. These experts carefully vet each company based on key factors such as management expertise, project potential, jurisdiction, and financials, ensuring only high-caliber exhibitors are featured.

Emperor Metals has been invited to exhibit and present by industry expert Jeff Clark of the Paydirt Prospector. CEO John Florek will be presenting on Saturday, March 1 at 11:50 AM PT at the Delta Hotel.

Investor registration is free, and attendees can join either in person or online via this LINK.

PDAC Convention March 2-5
The PDAC is the leading voice of the mineral exploration and development community, an industry that employs more than 665,000 individuals, and contributed $125 billion to Canada’s GDP in 2021. Currently representing over 8,000 members around the world, PDAC’s work centers on supporting a competitive, responsible, and sustainable mineral sector.

Emperor Metals will be exhibiting in the Investors Exchange, in Booth #2615. We encourage attendees to stop by to meet the team. For more information and/or to register for the conference visit the website.

About Emperor Metals Inc.

Emperor Metals Inc. is a high-grade gold exploration and development junior mining company focused on Quebec’s Southern Abitibi Greenstone Belt, leveraging AI-driven exploration techniques. The company is dedicated to unlocking the substantial resource potential of the Duquesne West Gold Project and the Lac Pelletier Project (currently under purchase agreement) both situated in this Tier 1 mining district. The company is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value.

Contact Information:

John Florek,
CEO
Email: johnf@emperormetals.com
Website: emperormetals.com

Alex Horsley,
Director
Phone: 778-323-3058
Email: info@emperormetals.com
Website: emperormetals.com

Forward-Looking Statements

This release contains forward-looking statements, reflecting current management expectations on future events. These statements are subject to risks and uncertainties; actual outcomes may differ significantly.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242071

Junior Mining Lion One Metals Precious Metals

Lion One Confirms Warrant Listing

Post author By admin
Post date February 24, 2025

North Vancouver, British Columbia–(Newsfile Corp. – February 24, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“) is pleased to announce receipt of approval from the TSX Venture Exchange (the “TSXV“) for the listing of the 25,367,647 share purchase warrants (the “Warrants“) issued by the Company on February 14, 2025 as part of its public offering of units pursuant to the terms of an underwriting agreement dated as of February 10, 2025, among the Company, Stifel Nicolaus Canada Inc. (the “Lead Underwriter“) and Canaccord Genuity Corp. (together with the Lead Underwriter, the “Underwriters“)(the “Offering“).

Each Warrant is exercisable to acquire one common share of the Company (a “Warrant Share“) at a price per Warrant Share of C$0.41 until February 10, 2028.

It is anticipated that the Warrants will commence trading on the TSXV on February 26, 2025 under the ticker “LIO.WT.A”.

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 & CEO

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242032

Base Metals Energy Junior Mining Precious Metals

Riverside Resources Receives Conditional TSX-V Approval for Spin-Out of Ontario Gold Projects and Engages ICP Securities Inc. for Automated Market Making Services

Post author By admin
Post date February 24, 2025

Vancouver, British Columbia–(Newsfile Corp. – February 24, 2025) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (“Riverside” or the “Company”), is pleased to announce that it has received the TSX Venture Exchange’s conditional approval for the previously announced spin-out of Blue Jay Gold Corp. (“Blue Jay”) by way of a statutory plan of arrangement (the “Arrangement”) pursuant to the arrangement provisions of the Business Corporations Act (British Columbia). The Arrangement will be voted on by Riverside shareholders at its Annual General and Special Shareholder Meeting scheduled for March 31, 2025 (the “Meeting”). This potential share distribution offers Riverside shareholders, prior to the record date, a similar opportunity to the previous Capitan Silver (CAPT.V) spin-out. In that transaction, Riverside shareholders received shares of Capitan Silver, which have since doubled in value compared to their price at the time of the spinout.

The Arrangement aligns with Riverside’s strategic plans and key 2025 catalysts, positioning the company for continued progress in the coming months. As part of this strategy, Riverside will retain royalties on each of its Ontario gold projects-Pichette, Oakes, and Duc-adding to its growing portfolio of mineral royalties across the U.S., Canada, and Mexico. Additionally, Riverside is actively working on gold, copper, and rare earth element (REE) projects in British Columbia and Sonora, Mexico, with exploration programs funded by partners. These partnerships provide Riverside with carried interests and potential future royalties, further enhancing long-term value for shareholders. Additional information concerning the Arrangement is contained in Riverside’s news release dated January 28, 2025 and will be provided to Riverside shareholders in an information circular in respect of the Meeting.

“The spinout of Blue Jay Gold is an exciting opportunity for Riverside shareholders to gain direct exposure to a new, focused gold exploration company,” said John-Mark Staude, CEO of Riverside Resources. “Under the Arrangement, shareholders will receive one share of Blue Jay Gold for every five shares of Riverside held, giving them a stake in a company dedicated to advancing these high-potential Ontario gold projects. We’ve seen this strategy create additional value in the past. Our previous spinout of Capitan Mining gave shareholders direct ownership in a separate exploration company, and those shares went on to appreciate significantly. By structuring Blue Jay Gold in a similar way, we are unlocking the potential of these assets while allowing Riverside to retain upside through royalties. This approach can provide both immediate and long-term value for our shareholders.”

In a recent interview, John-Mark Staude, President of Riverside Resources, and Geordie Mark, CEO of Blue Jay Gold, discuss their 2025 plans, including the upcoming Blue Jay Gold spin-out and exploration initiatives in Ontario and Mexico. Listen to the full conversation here: https://www.kereport.com/2025/02/21/riverside-resources-plans-for-2025-blue-jay-gold-spin-out-update-ontario-gold-projects/.

The Company has taken an additional key step toward completing the spinout with the filing of the National Instrument 43-101 Technical Report for the Pichette Project in Ontario with the TSX Venture Exchange. This report provides scientific data and general context for interested parties to review. The filing aligns with the authorization process for Riverside’s planned Blue Jay Gold share spinout, which will be voted on at the AGM at the end of March. A similar approach was used for Capitan Mining.

The Company has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of February 24, 2025, and is for four (4) months (the “Initial Term”) and shall be automatically renewed for subsequent one (1) month terms (each month called an “Additional Term”) unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm’s length party to the Company. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.

Qualified Person for the NI 43-101 Report on Pichette Project

Locke Goldsmith, P Geo, P Eng is the qualified person and independent of the Company for the purpose of this transaction and this technical report which has been submitted to the TSX Venture Exchange.

About ICP Securities Inc.

ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About Riverside Resources Inc.

Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

Eric Negraeff
Investor Relations
Riverside Resources Inc.
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241826

Base Metals Energy Junior Mining Precious Metals

The ‘structural shift’ pushing gold higher in 2025

Post author By admin
Post date February 23, 2025

Gold (GC=F) prices are on track to achieve their eighth consecutive week of gains, with forecasts for further upside potentially reaching $3,100 per troy ounce by year-end. Daan Struyven, Goldman Sachs co-head of global commodities research, joins Market Domination hosts Julie Hyman and Alexandra Canal to discuss the details.

Struyven emphasizes how the shift in central bank behavior stems from Russia’s central bank reserves being frozen in 2022. This influenced investments in the US and Europe.

“It was a wake-up call to [emerging-market] EM central bank reserve managers because they realized that their assets would not necessarily be risk-free,” he explains. “So they have shifted part of their reserves to buying gold, an asset which cannot be frozen or confiscated.”

“We have seen a five-fold increase in the rhythm of gold purchases by central banks,” Struyven adds. “We think this is a structural shift, and we expect ongoing solid above-trend central bank purchases of gold to continue to push gold prices higher.”

Source: https://finance.yahoo.com/video/structural-shift-pushing-gold-higher-220821409.html

Base Metals Energy Junior Mining

Charted: Top Suppliers of Aluminum and Steel to the U.S.

Post author By admin
Post date February 21, 2025

Charted: Top U.S. Suppliers of Aluminum and Steel

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

U.S. President Donald Trump has imposed a 25% tariff on all steel and aluminum imports, marking one of the most discussed measures of his first month back in the White House.

But which countries are most affected by these tariffs?

This map illustrates the top suppliers of aluminum and steel to the United States in 2024. The data comes from the U.S. Census Bureau.

Canada: The Largest Partner

Canada is by far the top supplier of both steel and aluminum to the United States. The neighboring country exported $9.4 billion worth of aluminum to the U.S. in 2024, significantly ahead of the second-largest exporter, the European Union, which exported $1.5 billion.

Canada also exported $7.1 billion worth of steel last year, compared to $7 billion from the European Union.

Country	Steel Imports (USD)	Aluminum Imports (USD)
Canada	$7.1B	$9.4B
Mexico	$3.5B	$397M
Brazil	$3.0B	–
China	$799M	$809M
Taiwan	$1.3B	–
South Korea	$2.9B	$781M
Germany	$1.9B	$318M
Japan	$1.7B	–
India	$489M	$445M
European Union	$7B	$1.5B
UAE	–	$917M
Bahrain	–	$535M
Argentina	–	$468M
Thailand	–	$271M
UK	$440M	–

Mexico, South Korea, and Brazil are also among the top suppliers of steel to the United States. Meanwhile, the country imports aluminum from other key partners, including China, the United Arab Emirates, South Korea, Bahrain, and Argentina.

A recent report by the Center for Strategic and International Studies (CSIS) noted that the U.S. produces less than 2% of the world’s primary aluminum.

https://elements.visualcapitalist.com/charted-top-suppliers-of-aluminum-and-steel-to-the-u-s/?mc_cid=a6f94fc979&mc_eid=5c5bffba2f

Gold Shore Resources Junior Mining Precious Metals

Goldshore Intersects 20.55m of 2.58 g/t Au Down Dip on the Southwest Zone: Extends Mineralization 150 Meters Below the Conceptual Open Pit Resource

Post author By admin
Post date February 20, 2025

Vancouver, British Columbia–(Newsfile Corp. – February 20, 2025) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), is pleased to announce its latest assay results from its ongoing 15,000 meter drill program at the Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project“). The primary goals of the winter drill program are to add to the current resource model by extending mineralization from depth into the top 100-200 meters from surface within the conceptual open pit and to demonstrate the potential for resource growth outside of the current mineral resource estimate.

Michael Henrichsen, CEO of Goldshore, commented, “We are pleased with the latest batch of drill results which clearly demonstrate the potential for resource expansion at higher grades in the southwest area of the Moss deposit. These results are exactly what we were anticipating to drive growth and demonstrate the true potential of the deposit moving forward. We look forward to sharing additional results from the winter drill program and regional exploration program in the coming weeks and months.”

Highlights

Results from hole MMD-24-139 extended gold mineralization with increased grades 150 meters below the conceptual open pit resource at the southwest end of the Moss deposit with intercepts of:

Hole MMD-24-139 also confirmed mineralized shears on the southeast flank of the Southwest Zone extending known mineralization toward surface and encountering new mineralized shear zones with intercepts of:
Holes MMD-24-135, MMD-24-138, and MMD-24-139 also extended numerous mineralized shears toward surface in the Southwest Zone with intercepts of:

Technical Overview

Figure 1 shows the location of the drill holes being reported with respect to the planned winter drill program, while Figure 2 illustrates a cross section through drill hole MMD-24-139 that demonstrates significant mineralization above and below the current mineral resource. Tables 1 & 2 summarize significant intercepts and drill hole locations, respectively.

Figure 1: Illustrates the 2025 ongoing winter drill program targeting resource expansion within the conceptual open pit outlined in grey. Drill holes being reported are highlighted in red.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/241613_goldshore1en.jpg

Figure 2: Drill section through MMD-24-139 illustrating a wider series of shears near surface that will allow the Company to model grade to surface. The section also highlights the growth potential beneath the open pit that may enable the open-pit resource to be as deep as the Main-QES pit

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/241613_65be1648c452a9b6_003full.jpg

Drilling at the Southwest Zone aims to add to the mineral resource by infilling gaps within the current model created by sparse drilling. Drilling at shallow depths of 100-200 meters will allow for mineralized shear zones to be extended to the surface. Drilling at depths of 200 to 400 meters will allow the expansion of the open pit resource to a similar depth as the Main-QES pit (~500 meters).

Hole MMD-24-135 and MMD-24-138 were drilled along the western and eastern edges respectively of Snodgrass Lake to test the up-dip potential of lower grade shear zones concentrated close to the contact between the diorite intrusion complex and intermediate volcanic rocks that do not currently reach the surface in the current mineral resource estimate. Hole MMD-24-139 was drilled from south of Snodgrass Lake to target the up-dip potential of marginal shears and the deeper extension of core shears below the conceptual open pit.

Hole MMD-24-135 collared into the edge of the high-grade mineralization and sheared altered granodiorite intrusion yielding grade intercepts such as 5.95m of 1.12 g/t Au from 6.5m depth. The hole quickly transitions into the wide multi-stage silica-sericite and epidote-chlorite altered diorite intrusion package, as is typical of the peripheral areas of the Southwest Zone, yielding broad lower grade intercepts such as 20.0m of 0.89 g/t Au from 81.0m, including 3.85m of 2.86 g/t Au from 87.0m, and 26.0m of 0.61 g/t Au from 107.0m, including 5.7m of 1.17 g/t Au from 107.0m.

Hole MMD-24-138 encountered a varying sequence of andesitic and dacitic volcanic rocks with a swarm of narrow sericite-silica-hematite to epidote-chlorite altered diorite dykes. Local shearing of the volcanics and diorites concentrates mineralization yielding intercepts such as 20.8m of 0.76 g/t Au from 108.8m, including 2.05m of 3.33 g/t Au from 123.3m. The hole was terminated, as the remaining volume had been previously drilled from the southwestern side of the lake.

Drill hole MMD-24-139 intersected 10 to 20 meter-spaced mineralized sericite-silica-hematite altered sheared granodiorite dykes close to surface before entering the main diorite intrusion complex at 245.2m, which was drilled for the remainder of the hole. The diorite complex consisted of interchanging epidote-chlorite and sericite-silica-hematite alteration with varying shear intensity including a mylonitized zone along the contact of a chloritized gabbro and a sericite-silica-hematite altered granodiorite with 2-3% pyrite±chalcopyrite±molybdenite (Figure 3). Results highlight the potential of expanding the high-grade mineralization beyond that defined within the conceptual open pit with the 20.55m of 2.58 g/t Au from 458.15m, including 14.7m of 3.52 g/t Au. These intercepts occur 150 meters beneath the open pit constrained mineral resource. These results are top cut at 30 g/t Au, which only impacted a 1.0m veined shear assaying 36.1 g/t Au.

Figure 3: Hole MMD-24-139: Wide high-grade mylonitized sericite-chlorite-hematite altered diorite along the margin of a gabbroic intrusion returning 20.55m of 2.58g/t from 458.15-478.75m.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8051/241613_65be1648c452a9b6_004full.jpg

Table 1: Significant intercepts

HOLE ID	FROM	TO	LENGTH (m)	TRUE WIDTH (m)	CUT GRADE (g/t Au)	UNCUT GRADE (g/t Au)
MMD-24-135	6.50	12.45	5.95	4.2	1.12	1.12
	29.00	72.10	43.10	31.3	0.45	0.45
incl	37.50	41.00	3.50	2.5	1.14	1.14
	81.00	101.00	20.00	15.0	0.89	0.89
incl	87.00	90.85	3.85	2.9	2.86	2.86
	107.00	133.00	26.00	19.8	0.61	0.61
incl	107.00	112.70	5.70	4.3	1.17	1.17
	143.00	153.05	10.05	7.8	0.42	0.42
	175.00	182.50	7.50	5.9	0.34	0.34

MMD-24-138	108.80	129.60	20.80	15.5	0.76	0.76
incl	123.30	125.35	2.05	1.5	3.33	3.33
	168.00	174.00	6.00	4.5	0.36	0.36

MMD-24-139	108.50	119.60	11.10	7.3	0.58	0.58
	193.85	201.00	7.15	4.8	0.42	0.42
	208.00	213.00	5.00	3.4	0.72	0.72
	222.10	229.90	7.80	5.3	1.03	1.03
	251.60	256.65	5.05	3.5	0.84	0.84
incl	251.60	254.00	2.40	1.7	1.44	1.44
	273.00	286.00	13.00	9.0	0.36	0.36
	302.50	308.00	5.50	3.8	1.89	1.89
incl	307.40	308.00	0.60	0.6	15.8	15.8
	318.35	326.00	7.65	5.4	1.41	1.41
	338.00	347.40	9.40	6.7	0.80	0.80
incl	338.00	341.00	3.00	2.1	1.47	1.47
	409.00	413.00	4.00	2.9	0.30	0.30
	438.40	450.00	11.60	8.5	0.61	0.61
	458.15	478.70	20.55	15.1	2.58	2.88
incl	464.00	478.70	14.70	10.8	3.52	3.93
incl	471.00	472.00	1.00	0.7	30.0	36.1
Intersections calculated above a 0.3 g/t Au cut off with a top cut of 30 g/t Au and a maximum internal waste interval of 5 metres. Shaded intervals are intersections calculated above a 1.0 g/t Au cut off. Intervals in bold are those with a grade thickness factor exceeding 20 gram x metres / tonne gold. True widths are approximate and assume a subvertical body.

Table 2: Drill Collars

HOLE	EAST	NORTH	RL	AZIMUTH	DIP	EOH
MMD-24-135	668,530	5,378,288	428	130	-45	228
MMD-24-138	668,606	5,377,956	428	315	-45	219
MMD-24-139	668,565	5,377,923	430	315	-50	537

Analytical and QA/QC Procedures

All samples were sent to ALS Geochemistry in Thunder Bay for preparation and analysis was performed in the ALS Vancouver analytical facility. ALS is accredited by the Standards Council of Canada (SCC) for the Accreditation of Mineral Analysis Testing Laboratories and CAN-P-4E ISO/IEC 17025. Samples were analysed for gold via fire assay with an AA finish (“Au-AA23”) and 48 pathfinder elements via ICP-MS after four-acid digestion (“ME-MS61”). Samples that assayed over 10 ppm Au were re-run via fire assay with a gravimetric finish (“Au-GRA21”).

In addition to ALS quality assurance / quality control (“QA/QC”) protocols, Goldshore has implemented a quality control program for all samples collected through the drilling program. The quality control program was designed by a qualified and independent third party, with a focus on the quality of analytical results for gold. Analytical results are received, imported to our secure on-line database and evaluated to meet our established guidelines to ensure that all sample batches pass industry best practice for analytical quality control. Certified reference materials are considered acceptable if values returned are within three standard deviations of the certified value reported by the manufacture of the material. In addition to the certified reference material, certified blank material is included in the sample stream to monitor contamination during sample preparation. Blank material results are assessed based on the returned gold result being less than ten times the quoted lower detection limit of the analytical method. The results of the on-going analytical quality control program are evaluated and reported to Goldshore by Orix Geoscience Inc.

Qualified Person

Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill program at the Moss Gold Project, Mr. Flindell has visited the property several times; discussed and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations. He has also overseen the Company’s health and safety policies in the field to ensure full compliance, and consulted with the Project’s host indigenous communities on the planning and implementation of the drill program, particularly with respect to its impact on the environment and the Company’s remediation protocols.

About Goldshore

Goldshore is a growth-oriented gold company focused on delivering long-term shareholder and stakeholder value through the acquisition and advancement of primary gold assets in tier-one jurisdictions. It is led by the ex-global head of structural geology for the world’s largest gold company and backed by one of Canada’s pre-eminent private equity firms. The Company’s current focus is the advanced stage 100% owned Moss Gold Project which is positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near site, supportive local communities and skilled workforce. The Company has invested over $60 million of new capital and completed approximately 80,000 meters of drilling on the Moss Gold Project, which, in aggregate, has had over 235,000 meters of drilling. The 2024 updated NI 43-101 mineral resource estimate (“MRE”) has expanded to 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. The MRE only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for development in this cycle. Please see NI 43-101 technical report titled: “Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada,” dated March 20, 2024 with an effective date of January 31, 2024 available under the Company’s SEDAR+ profile at www.sedarplus.ca. For more information, please visit SEDAR+ (www.sedarplus.ca) and the Company’s website (www.goldshoreresources.com).

For More Information – Please Contact:

Michael Henrichsen
President, Chief Executive Officer and Director
Goldshore Resources Inc.

E: mhenrichsen@goldshoreresources.com
W: www.goldshoreresources.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-Looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-Looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Gold Project; the potential mineralization at the Moss Gold Project based on the winter drill program, including the potential for additional mineral resources; the enhancement of the Moss Gold Project and potential mining methods; the timing of technical reports and economic studies; statements regarding the Company’s future drill programs, including the expected benefits and results thereof; and other statements that are not historical facts.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: uncertainty and variation in the estimation of mineral resources; risks related to exploration, development, and operation activities; exploration and development of the Moss Gold Project will not be undertaken as anticipated; the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; the fluctuating price of gold; unknown liabilities in connection with acquisitions; compliance with extensive government regulation; delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; risks related to natural disasters, terrorist acts, health crises, and other disruptions and dislocations; global financial conditions; uninsured risks; climate change risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruption laws; the Company’s limited operating history; intervention by non-governmental organizations; outside contractor risks; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance; and other risks associated with executing the Company’s objectives and strategies as well as those risk factors discussed in the Company’s continuous disclosure documents filed under the Company’s SEDAR+ profile at www.sedarplus.ca.

The forward-looking information in this news release is based on management’s reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the future price of gold; anticipated costs and the Company’s ability to fund its programs; the Company’s ability to carry on exploration, development and mining activities; prices for energy inputs, labour, materials, supplies and services; the timing and results of drilling programs; mineral resource estimates and the assumptions on which they are based; the discovery of mineral resources and mineral reserves on the Company’s mineral properties; the timely receipt of required approvals and permits; the costs of operating and exploration expenditures; the Company’s ability to operate in a safe, efficient, and effective manner; the Company’s ability to obtain financing as and when required and on reasonable terms; that the Company’s activities will be in accordance with the Company’s public statements and stated goals; and that there will be no material adverse change or disruptions affecting the Company or its properties.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241613

Base Metals Energy Junior Mining Precious Metals

Exclusive-Barrick Gold signs agreement with Mali to end mining dispute

Post author By admin
Post date February 19, 2025

Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto · Reuters

(Reuters) – Canadian miner Barrick Gold has signed a new agreement with the Malian government to end an almost two-year-old dispute over its mining assets in the West African country, two people familiar with the developments told Reuters on Wednesday.

Barrick signed the agreement and now it is up to the Mali government to formally approve the deal, the sources told Reuters. An official announcement could come as early as Thursday.

As part of the new agreement, Barrick will pay 275 billion CFA or $438 million to the Mali government, in return for the release of detained employees, seized gold, and restarting the operations at the Loulo-Gounkoto mine.

Barrick did not respond to an email query by Reuters. A spokesperson for Mali’s mines ministry declined to comment.

The Toronto-based miner and Mali have been locked in a dispute since 2023 over the implementation of the West African country’s new mining code that gives Mali government a greater share in the country’s gold mine.

(Reporting by Divya Rajagopal, Giulia Paravicini and Portia Crowe, editing by Silvia Aloisi)

https://finance.yahoo.com/news/exclusive-barrick-gold-signs-agreement-184750893.html

Energy Junior Mining Lion One Metals Precious Metals

Lion One Drills 198.84 g/t Gold over 1.4 m in Near-Mine Exploration at Tuvatu Gold Mine in Fiji

Post author By admin
Post date February 19, 2025

North Vancouver, British Columbia–(Newsfile Corp. – February 19, 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 3,312.5 meters of near mine exploration and infill drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The drilling is focused on the West Zone target west of the Tuvatu Gold Mine.

The West Zone is located approximately 300 m to the west of the main Tuvatu deposit, in close proximity to existing mine infrastructure. Drilling was conducted from two surface drill pads and consisted of resource infill and expansion drilling with the purpose of bringing the West Zone into the long term mine plan for Tuvatu. High-grade mineralized structures were intersected in 14 drill holes. Drill results include multiple bonanza grade gold assays such as 896.00 g/t, 306.78 g/t, 264.55 g/t, and 178.55 g/t gold over narrow widths of 0.3 m. All high-grade gold results were intersected between 30 m and 150 m depth from surface. The West Zone is hypothesized to have a separate feeder system from Tuvatu and represents a prime target for near-mine resource expansion at Tuvatu. Bonanza grade gold results are not uncommon at the West Zone, with previous drill results including 105.20 g/t over 2.1 m and 102.38 g/t over 1.2 m (see news release dated October 1, 2024). The West Zone drill program is ongoing.

Lion One Chairman and CEO Walter Berukoff commented: “We’re very pleased with the new results from our West Zone drill program. The West Zone is an excellent near mine expansion target. It is readily accessible from existing infrastructure and it consistently returns high grade results from near surface drilling. We look forward to adding the West Zone to our long-term mine plan at Tuvatu.”

Highlights of New Drill Results:

198.84 g/t Au over 1.4 m (including 896.00 g/t Au over 0.3 m) (TUDDH-764, from 34.17 m depth)
61.24 g/t Au over 2.0 m (including 264.55 g/t Au over 0.3 m) (TUDDH-773, from 200 m depth)
306.78 g/t Au over 0.3 m (TUDDH-773, from 213 m depth)
35.79 g/t Au over 1.7 m (including 178.55 g/t Au over 0.3 m) (TUDDH-773, from 182 m depth)
6.68 g/t Au over 4.4 m (TUDDH-758, from 102.81 m depth)
31.00 g/t Au over 1.0 m (including 67.00 g/t Au over 0.3 m) (TUDDH-758, from 75.5 m depth)
13.76 g/t Au over 1.9 m (including 29.28 g/t Au over 0.3 m) (TUDDH-763, from 86.2 m depth)
15.17 g/t Au over 1.5 m (including 27.99 g/t Au over 0.4 m) (TUDDH-762, from 75.55 m depth)
23.60 g/t Au over 0.9 m (TUDDH-774, from 48 m depth)
61.58 g/t Au over 0.3 m (TUDDH-759, from 62.6 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 West Zone drilling reported in this news release. Left image: Plan view of the West Zone drilling in relation to the mineralized lodes shown in grey and Tuvatu underground development shown in red. Right image: Section view of the West Zone drilling looking east.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/241399_88e5f21a847f48e8_001full.jpg

West Zone

The West Zone is located approximately 300 m to the west of the main Tuvatu deposit. It is modelled as a series of mainly east-west oriented lodes dipping steeply to the south. High grade gold has been sampled at surface in the West Zone and the area is coincident with a steeply dipping CSAMT gradient. Given the steeply dipping nature of the mineralized lodes both at Tuvatu and at the West Zone, and given the horizontal distance between the two systems, it is unlikely that they are fed by the same feeder zone. It is therefore hypothesized that there is a separate feeder zone located at depth below the West Zone, which would be distinct from the very high-grade Zone 500 feeder zone at Tuvatu.

The drilling reported here is focused on the near-surface portion of the West Zone system and consists predominantly of infill drilling in areas of low drill density. The purpose of the program is to increase understanding of the near-surface structure and mineralization of the West Zone. The objective is to bring the West Zone into the long-term mine plan at Tuvatu, and the current drill program will help inform that process. Given the proximity of the West Zone to existing surface infrastructure, a second portal may be opened to provide direct underground access to the West Zone. Alternatively, an underground access drive could be developed from Tuvatu. The high-grade results reported here not only serve to further define the resource, but also to help determine which development option is preferred.

Figure 2. West Zone drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff. Section view looking east. High-grade gold mineralization is intersected near surface in the West Zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/241399_88e5f21a847f48e8_002full.jpg

Figure 3. Approximate location of the West Zone in relation to the Tuvatu plant and infrastructure.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/241399_88e5f21a847f48e8_003full.jpg

Competent Persons Statement

The information in this report that relates to mineral exploration at the Tuvatu Gold Project is based on information compiled by the Lion One team and has been reviewed and approved by Melvyn Levrel, who is the company’s Senior Geologist. Mr Levrel is a Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”). Mr Levrel consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.

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.

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 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 & CEO

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
TUDDH-757	1875838	3920802	141	139.5	-28.7	182.0
TUDDH-758	1875837	3920802	141	143.4	-51.5	201.5
TUDDH-759	1875837	3920802	141	150.3	-43.5	153.6
TUDDH-762	1875837	3920801	142	166.8	-8.1	106.5
TUDDH-763	1875837	3920802	141	165.1	-29.9	280.0
TUDDH-764	1875836	3920802	142	185.4	-21.1	200.0
TUDDH-765	1875836	3920802	141	180.4	-42.7	290.0
TUDDH-766	1875836	3920802	140	182.5	-50.1	280.0
TUDDH-769	1875836	3920803	141	184.9	-60.5	218.5
TUDDH-771	1875835	3920801	141	198.2	-30.1	14.4
TUDDH-772	1875835	3920802	141	198.3	-31.3	230.6
TUDDH-773	1875972	3920693	211	310.4	-57.2	350.0
TUDDH-774	1875836	3920802	141	199.7	-48.2	170.4
TUDDH-775	1875835	3920803	141	205.1	-58.8	134.9
TUDDH-776	1875834	3920802	141	218.1	-30.0	230.0
TUDDH-777	1875973	3920695	211	346.5	-56.7	270.1

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)
TUDDH-757		40.1	40.4	0.3	6.72
		47.4	47.7	0.3	12.55
		59.0	60.1	1.1	12.39
	including	59.0	59.4	0.4	14.83
	and	59.4	59.8	0.4	11.74
	and	59.8	60.1	0.4	10.62
		67.6	68.0	0.5	21.05
		72.3	73.2	0.9	9.47
TUDDH-758		75.5	76.5	1.0	31.00
	including	75.5	75.8	0.3	15.59
	and	75.8	76.2	0.3	13.20
	and	76.2	76.5	0.3	67.00
		80.7	81.0	0.3	24.29
		85.0	85.4	0.4	7.66
		93.5	93.9	0.4	47.45
		101.5	102.1	0.6	4.86
	including	101.5	101.8	0.3	5.43
	and	101.8	102.1	0.3	4.29
		102.8	107.3	4.4	6.68
	including	102.8	103.2	0.3	3.29
	and	103.2	103.5	0.3	2.87
	and	103.5	103.8	0.3	4.85
	and	103.8	104.1	0.3	-0.01
	and	104.1	104.5	0.5	3.60
	and	104.5	105.0	0.5	9.41
	and	105.0	105.3	0.3	9.43
	and	105.3	105.7	0.5	9.36
	and	105.7	106.1	0.4	10.99
	and	106.1	107.3	1.2	7.76
		110.4	110.8	0.4	4.46
		142.3	143.5	1.2	3.27
	including	142.3	143.1	0.8	3.35
	and	143.1	143.5	0.4	3.10
		162.3	162.7	0.5	3.08
TUDDH-759		62.6	62.9	0.3	61.58
		115.3	116.2	0.9	4.15
		124.0	125.0	1.0	4.03
	including	124.0	124.4	0.4	4.28
	and	124.4	124.7	0.3	1.99
	and	124.7	125.0	0.3	5.72
		126.9	127.5	0.6	8.70
		151.7	152.5	0.8	3.20
TUDDH-762		33.5	33.9	0.4	4.30
		59.5	60.4	0.9	10.60
	including	59.5	59.8	0.3	20.89
	and	59.8	60.4	0.6	4.80
		71.5	72.9	1.4	5.26
	including	71.5	71.8	0.3	3.86
	and	71.8	72.2	0.5	6.05
	and	72.2	72.5	0.3	0.08
	and	72.5	72.9	0.4	9.89
		75.6	77.0	1.5	15.17
	including	75.6	75.9	0.3	14.68
	and	75.9	76.3	0.4	27.99
	and	76.3	76.7	0.4	11.62
	and	76.7	77.0	0.3	3.31
		82.6	83.3	0.7	8.92
	including	82.6	82.9	0.4	13.47
	and	82.9	83.3	0.4	4.50
TUDDH-763		62.0	62.5	0.5	7.08
		82.8	83.1	0.3	18.76
		84.2	85.1	0.9	3.62
	including	84.2	84.5	0.3	3.02
	and	84.5	84.8	0.3	3.79
	and	84.8	85.1	0.3	4.04
		86.2	88.1	1.9	13.76
	including	86.2	86.6	0.4	29.28
	and	86.6	87.1	0.6	6.02
	and	87.1	87.5	0.4	27.34
	and	87.5	87.8	0.3	2.05
	and	87.8	88.1	0.3	4.87
		93.7	94.1	0.4	12.20
		146.4	146.7	0.4	3.13
		147.1	147.5	0.4	4.46
		187.5	188.0	0.5	6.64
TUDDH-764		34.2	35.5	1.4	198.84
	including	34.2	34.5	0.3	896.00
	and	34.5	34.8	0.3	0.28
	and	34.8	35.1	0.4	0.04
	and	35.1	35.5	0.4	3.72
		147.5	148.2	0.8	10.29
	including	147.5	147.9	0.4	14.73
	and	147.9	148.2	0.4	5.22
TUDDH-765		45.2	46.2	1.0	7.68
	including	45.2	45.6	0.4	3.53
	and	45.6	45.9	0.4	5.78
	and	45.9	46.2	0.3	14.78
		167.6	168.0	0.4	5.22
TUDDH-766		52.4	52.7	0.4	15.23
		55.8	56.1	0.3	3.35
		246.8	247.5	0.7	3.82
TUDDH-769		79.6	80.0	0.4	15.48
		84.6	84.9	0.4	4.85
		85.8	86.1	0.3	5.33
TUDDH-772		38.2	38.7	0.5	4.76
		39.3	39.7	0.4	3.55
		182.1	182.4	0.3	6.16
TUDDH-773		182.0	183.7	1.7	35.79
	including	182.0	182.3	0.3	6.25
	and	182.3	182.6	0.3	178.55
	and	182.6	182.9	0.3	2.15
	and	182.9	183.4	0.5	0.36
	and	183.4	183.7	0.3	15.24
		190.0	191.3	1.3	9.48
	including	190.0	190.3	0.3	16.32
	and	190.3	190.7	0.4	0.01
	and	190.7	191.0	0.3	11.99
	and	191.0	191.3	0.3	12.76
		192.6	192.9	0.3	3.37
		200.0	202.0	2.0	61.24
	including	200.0	200.3	0.3	7.05
	and	200.3	200.6	0.3	32.79
	and	200.6	200.9	0.3	81.03
	and	200.9	201.2	0.3	18.02
	and	201.2	201.7	0.5	2.89
	and	201.7	202.0	0.3	264.55
		203.3	204.2	0.9	18.48
	including	203.3	203.6	0.3	13.76
	and	203.6	203.9	0.3	3.66
	and	203.9	204.2	0.3	38.02
		213.0	213.3	0.3	306.78
TUDDH-774		48.0	48.9	0.9	23.60
		56.0	56.3	0.3	9.65
TUDDH-775		83.9	84.4	0.5	5.91
TUDDH-776		46.5	46.8	0.4	16.47
		48.3	48.7	0.4	6.80

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241399

Energy Junior Mining Lion One Metals Precious Metals

Lion One Announces Closing of Underwritten Public Offering and Sidecar Private Placement

Post author By admin
Post date February 14, 2025

North Vancouver, British Columbia–(Newsfile Corp. – February 14, 2025) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (“Lion One” or the “Company“), is pleased to announce that the Company has closed the underwritten offering (the “Offering“) previously announced on February 5, 2025 by issuing 25,367,647 units of the Company (the “Units“) at a price of $0.34 per Unit (the “Offering Price“) for aggregate gross proceeds of $8,625,000.00, which includes the exercise, in full, by the Underwriters (as defined below) of the over-allotment option granted by the Company to purchase up to an additional 3,308,823 Units at the Offering Price pursuant to the terms of an underwriting agreement (the “Underwriting Agreement“) dated as of February 10, 2025, among the Company, Stifel Nicolaus Canada Inc. (the “Lead Underwriter“) and Canaccord Genuity Corp. (together with the Lead Underwriter, the “Underwriters“).

Concurrently with the Offering, the Company completed a non-brokered private placement (the “Sidecar Private Placement“) of 6,431,114 Units on the same terms as the Offering for gross proceeds of $2,186,578.76 pursuant to applicable exemptions under National Instrument 45-106 – Prospectus Exemptions. All securities issuable pursuant to the Sidecar Private Placement will be subject to a four month hold period in accordance with applicable Canadian securities laws, expiring on June 15, 2025.

In aggregate, under the Offering the Company issued 31,798,761 Units for gross proceeds of $10,811,578.74.

Each Unit consists of one common share (a “Common Share“) in the capital of the Company and one common share purchase warrant (a “Warrant“) of the Company. Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share“) at a price per Warrant Share of C$0.41 for a period of 36 months from the closing date of the Offering. The Company has applied to list the Warrants issued pursuant to the Offering on the TSX Venture Exchange, subject to the satisfaction of listing conditions which are currently in process.

In connection with the Offering, the Company paid to the Underwriters a cash commission of $603,750.00, which was equal to 7.0% of the gross proceeds from the Offering, and issued an aggregate of 1,775,735 broker warrants, equal to 7.0% of the number of Units sold pursuant to the Offering. In connection with the Sidecar Private Placement, the Company paid finder’s fees in an aggregate amount of $76,377.60 in cash and issued 224,640 broker warrants. Each broker warrant is exercisable for one Common Share at a price of C$0.34 for a period of 36 months from the closing date of the Offering.

The net proceeds received by the Company from the sale of the Units will be used for mining and mill equipment and ongoing exploration activities at the Tuvatu Gold project located in Fiji, as well as for general corporate expenses & purposes. The Units issued pursuant to the Offering were qualified for distribution by way of a prospectus supplement of the Company dated February 10, 2025 (the “Prospectus Supplement“) to the Company’s existing short form base shelf prospectus dated January 31, 2025 (the “Base Shelf Prospectus“) filed in all of the Provinces and Territories of Canada, and offered and sold in all the Provinces and Territories of Canada other than Quebec and Nunavut and to eligible purchasers by way of available prospectus exemptions in certain jurisdictions outside of Canada. The Base Shelf Prospectus, the Prospectus Supplement, the documents incorporated by reference therein and the Underwriting Agreement are available on the Company’s profile on SEDAR+ at www.sedarplus.ca.

Certain subscribers under the Sidecar Private Placement are directors and management of the Company. The issuance of 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.

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities laws, and may not be offered or sold in the “United States” (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable U.S. state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Lion One Metals Limited

Lion One is an emerging Canadian gold producer headquartered in North Vancouver, B.C., 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 of
Lion One Metals Limited
“Walter Berukoff“
Chairman and CEO

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

Neither the 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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 results of the Offering and associated marketing efforts and the use of proceeds of the Offering. 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: prevailing capital markets conditions, 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 labour 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240948

FOUNDATIONAL READING

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Category: Junior Mining

Emperor Metals Unveils Bonanza-Grade Gold Discovery: 21.7m of 35.2 g/t Au, While Expanding Ounces by Testing Previously Unsampled Historical Core

Emperor Metals to Showcase Key Project Developments at the 2025 Toronto Metals Investor Forum and the PDAC Conference

Lion One Confirms Warrant Listing

Riverside Resources Receives Conditional TSX-V Approval for Spin-Out of Ontario Gold Projects and Engages ICP Securities Inc. for Automated Market Making Services

The ‘structural shift’ pushing gold higher in 2025

Charted: Top Suppliers of Aluminum and Steel to the U.S.

Charted: Top U.S. Suppliers of Aluminum and Steel

Canada: The Largest Partner

Goldshore Intersects 20.55m of 2.58 g/t Au Down Dip on the Southwest Zone: Extends Mineralization 150 Meters Below the Conceptual Open Pit Resource

Exclusive-Barrick Gold signs agreement with Mali to end mining dispute

Lion One Drills 198.84 g/t Gold over 1.4 m in Near-Mine Exploration at Tuvatu Gold Mine in Fiji

Lion One Announces Closing of Underwritten Public Offering and Sidecar Private Placement

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

FOUNDATIONAL READING

Charted: Top U.S. Suppliers of Aluminum and Steel

Canada: The Largest Partner

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