Lion One Metals - Core: In the Midst of an Ongoing Infill Drill Program

June 3, 2022

Recent results have returned promising high-grade intercepts

The Tuvatu mineral resource has been estimated for each vein individually using ordinary kriging of width and grade, the latter using accumulations, into a 3D block model. The Tuvatu resource is reported at a 3 g/t Au cutoff representing a resource amenable to underground production. The June 2014 Tuvatu resource estimate reported an indicated resource of 1,101,000 tonnes at 8.46 g/t Au for 299,500 ounces of gold and an inferred resource of 1,506,000 tonnes at 9.70 g/t Au for 468,000 ounces of gold.

Lion One's goal is to find further confirmation on the existing resource and to extend depth potential of the alkaline gold deposit at Tuvatu for an overall resource increase.

For more information on Lion One Metals Limited (TSX.V: LIO, OTCQX: LOMLF) please click the request investor info button.

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