Lion One Metals Limited (LIO)

Lion One Announces Non-Brokered Private Placement of Convertible Debenture Units for Gross Proceeds of up to $14 Million and Non-Brokered Private Placement of Units for Gross Proceeds of up to $3 MillionJune 4, 2026 9:52 PM
NewsfileNorth Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement offering of up to 14,000 convertible debenture units of the Company (the "Debenture Units") at a price of $1,000 per Debenture Unit (the "Issue Price") for expected gross proceeds of up to $14,000,000 (the "Offering"). The Offering is expected to involve Concept Capital Management, an arm's-length shareholder of the Company, as lead subscriber and will include other existing shareholders of the Company.Each Debenture Unit will consist of (i) one 10% subordinated secured convertible debenture (the "Convertible Debentures") having a face value of $1,000, convertible into 7,692 common shares of the Company ("Common Shares") at a conversion price of $0.13 per Common Share (the "Conversion Price"), with a maturity date of 4 years from issuance; and (ii) 7,692 Common Share purchase warrants (the "Warrants"), each entitling the holder to purchase one Common Share at an exercise price of $0.175 per Common Share (the "Exercise Price") for a period of 4 years from issuance. The Conversion Price and the Exercise Price represent an 8% and 35% premium to today's closing price of the Common Shares.Conversion of the Convertible Debentures will be at the sole option of the holder provided that if at any time following the issuance of the Convertible Debentures, the closing price of the Common Shares exceeds $1.00 for 20 consecutive days, the Company shall have the option to convert all of the principal amount of the then outstanding Convertible Debentures into Common Shares at the Conversion Price with at least 90 days' prior written notice to the holders of Convertible Debentures.Interest on the Convertible Debentures will accrue commencing on the issuance date at a rate of 10% per annum and shall be payable annually in arrears. Provided all applicable regulatory approvals have been obtained (including any required approval of any stock exchange on which the Common Shares are listed), such interest will be payable in Common Shares. The Company's obligations under the Convertible Debentures will be collaterally secured by a general security agreement from the Company over all the present and after-acquired property of the Company. The Convertible Debentures will rank equally in right of payment with all other Convertible Debentures issued under the Offering and senior to all unsecured security holders of the Company. The Convertible Debentures will be subordinated to the Company's outstanding and future senior secured debt.Closing of the Offering is conditional upon approval of Nebari Collateral Agent, LLC ("Nebari"), on behalf of the lenders under the Company's senior secured loan facility (the "Facility"). Closing of the Offering may occur in one or more tranches and is expected to occur on or about June 30, 2026. In addition to the previously mentioned condition, closing of the Offering remains subject to the approval of the TSX Venture Exchange ("TSXV"). In addition to the Offering, the Company is pleased to announce that it intends to proceed with a non-brokered private placement (the "Private Placement") of up to 23,076,923 units (the "Units") at a price of $0.13 per Unit for total gross proceeds of up to $3,000,000. Each Unit consists of one Common Share and one Common Share purchase warrant (the "Warrants"), each such Warrant exercisable at a price of $0.175 per Common Share and expiring 36 months from the date of issue.The Company may pay a finder's fee on the Private Placement in accordance with the policies of the TSXV. All securities issuable pursuant to the Private Placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The Private Placement may occur in one or more tranches and is expected to complete concurrently with the Offering on or about June 30, 2026. Closing of the Private Placement remains subject to the approval of the TSXV.The net proceeds of the Offering and the Private Placement will be used by the Company to satisfy upcoming payment obligations under the Facility and cure the Company's ongoing working capital covenant default under the Facility. Any additional proceeds will be used for general corporate and working capital purposes.All Convertible Debentures and Warrants issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after the issuance thereof. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.This news release does not constitute an offer to sell or a solicitation of an offer to buy any Common Shares in the United States. The securities to be sold in the Offering have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Lion One Metals LimitedLion One 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, Tailings Storage Facility, 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,
Todd Romaine, ChairmanContact Information
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Lion One Appoints Tayfun Eldem to Board of Directors, Todd Romaine as Chairman of the BoardJune 3, 2026 4:37 PM
NewsfileNorth Vancouver, British Columbia--(Newsfile Corp. - June 3, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") announces today that Tayfun Eldem has been appointed as an Independent Director of the Company and that Todd Romaine has been appointed as Chairman of the Board of Directors following the previously announced resignation of Mr Walter Berukoff. These appointments reflect the Company's ongoing commitment to strong corporate governance as Lion One continues to advance and mature as a gold producer. The additions further enhance the independence, breadth of experience, and technical and strategic expertise of the Board while supporting effective oversight of the Company's growth initiatives, operational performance, risk management, and long-term value creation objectives. Both Mr. Eldem and Mr. Romaine have extensive experience in the global mining industry and have demonstrated strong leadership in corporate governance, stakeholder engagement, and responsible resource development. The Company welcomes Mr. Eldem to the Board of Directors and Mr. Romaine as Chairman of the Board.Tayfun Eldem, P. Eng.Mr. Eldem is an accomplished mining executive with over 35 years of operations and project development experience. Mr. Eldem's previous roles include Chief Operating Officer at Baffinland Iron Mines (BIM), President and CEO at Alderon Iron Ore Corp., and Managing Director and Associate at Hatch Ltd.. His prior experience also includes 20 years at Rio Tinto's Iron Ore Company of Canada (IOC) in various senior roles including Chief Operating Officer, Vice President, Expansion Projects & Engineering, and General Manager of Processing Operations. Mr. Eldem's results and people focused leadership has helped BIM and IOC operations achieve world class safety and environmental performance while delivering record production in all unit operations across the value-chain. Mr. Eldem has also served as a corporate director on several public and private boards including Lion One Metals where he was a director from July 2025 until January 2026.A graduate of Dalhousie University, Mr. Eldem is a professional engineer and has completed the Operations Management Program at the University of Western Ontario's Richard Ivey School of Business and the Strategic Leadership Program at London Business School.Todd Romaine, MCIPTodd Romaine is a seasoned executive with extensive experience driving sustainable business outcomes, government and investor relations, and political risk strategies across the mining and natural resource sectors. This includes holding numerous executive leadership positions in major and junior ASX, TSX and NYSE publicly traded oil & gas and mining companies with operations in North America, Africa, South America and Europe. This has included Enbridge Pipelines Inc., Nevsun Resources, Danakali Limited, and Galiano Gold. He has worked in the gold, copper, zinc, potash and lithium sectors. He serves as a board of director with EAU Lithium which is active in the Altiplano region of Bolivia. Todd received his tertiary education in Canada, U.S., Madagascar, and in the U.K. at the University of Cambridge.About Lion One Metals LimitedLion 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,
Todd Romaine, ChairmanContact Information
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Lion One Metals Announces Retirement of Founder, President, and Chairman Walter Berukoff, Transitions to Chairman EmeritusJune 3, 2026 4:09 PM
NewsfileNorth Vancouver, British Columbia--(Newsfile Corp. - June 3, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") today announces that Mr. Walter Berukoff (Wally), the Company's Founder, President, and Chairman of the Board, is retiring as Chairman and President of Lion One Metals and has resigned from the Board of Directors of the Company. Mr. Berukoff will retain the honorary title of Chairman Emeritus as part of his transition into an advisory role, enabling the Company to benefit from Mr Berukoff's 40+ years of experience in the mining industry, as well as his 20+ years of experience working in Fiji and with local stakeholders.Mr. Berukoff commented: "It has been the highlight of my career to found and lead Lion One Metals and to work alongside such a dedicated team in advancing the Tuvatu Gold Project from exploration through to production. I am incredibly proud of what we have accomplished together in Fiji and am grateful to our employees, shareholders, partners, and local communities for their support over the years.I would also like to extend my heartfelt thanks to the people of Fiji. For more than two decades, I have had the privilege of working alongside Fijian communities, government partners, employees, and stakeholders, whose friendship, trust, and support have been instrumental to Lion One's success. The relationships we have built and the trust that has been placed in Lion One mean a great deal to me personally, and the encouragement and partnership of the Fijian people has been the cornerstone to our success. While I am transitioning from my role as Chairman, my connection to Fiji and its people remains as strong as ever, and I look forward to continuing those relationships as Chairman Emeritus and strategic advisor to the Company. Fiji holds a special place in my heart, and I remain deeply grateful for the opportunity to contribute to the growth of its mining industry and to work alongside so many talented and remarkable people."Todd Romaine, Director, commented: "On behalf of the Board of Directors, I would like to express our sincere gratitude to Wally for his extraordinary leadership, vision, and dedication to Lion One Metals. Through his determination and entrepreneurial spirit, he transformed Tuvatu from an exploration-stage asset into a producing gold mine and established the foundation for the Company's future growth. Wally's contributions to Lion One, the mining industry, and the people of Fiji are significant and enduring. We thank him for his many years of service to the Company."The Company has entered in an agreement with respect to the termination of Mr Berukoff's employment contract pursuant to which he will be paid severance equal to three times the annual base salary as provided in the employment contract. Mr. Berukoff will enter into a consulting agreement with the Company pursuant to which he will be a strategic advisor to the Company as Chairman Emeritus under the direction of the board. Under the terms of such consulting agreement, Mr Berukoff has been issued 5,000,000 restricted share units (RSUs) in the Company pursuant to the Company's omnibus equity incentive plan. The RSUs will vest 12 months from the date of grant.About Lion One Metals LimitedLion 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,
Todd Romaine, DirectorContact Information
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Lion One Provides Strategic Operational Update for March 2026April 9, 2026 6:06 PM
NewsfileNorth Vancouver, British Columbia--(Newsfile Corp. - April 9, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") provides a strategic operational update for its 100% owned Tuvatu Gold Mine in Fiji for March 2026. "Tuvatu is a high-grade asset with significant potential, and our focus now is on translating that potential into consistent, repeatable performance," stated Campbell Olsen, CEO of Lion One Metals. "Over the coming months, our efforts will be firmly directed toward reliability, discipline, and execution across the operation as we strengthen equipment and power reliability, advance our development pipeline, and position Tuvatu for sustainable long-term production." Operational Overview During March, the Tuvatu mine delivered:Average mill feed grade of approximately 4.97 g/t Au versus a budget of 4.65 g/t Au.Gold production trending toward plan, with Week 12 ounces recovered at 306 oz versus 308 oz budgeted.Development performance improving into month-end, with total development in Week 12 at 102% of plan and jumbo development at 135% of plan.These results were achieved while the operation continued to experience lower-than-planned throughput due to equipment availability and power reliability constraints.Reliability and Infrastructure Improving asset reliability and site power stability is a central focus for 2026. Key initiatives underway include:Commissioning of new Yantai boggers and ordering critical parts for multiple loaders to support higher stoping tonnes.Refurbishment strategy for the generator fleet, including returning Generator 7 from New Zealand and a condition assessment of the remaining units to underpin a revised power strategy.Ongoing upgrades to the site HV network and a metering replacement at the Waimilika solar installation, which is expected to improve grid power performance and solar savings once completed.The Company has reintroduced an Approval for Expenditure (AFE) process to prioritise capital and maintenance spending on these reliability workstreams.Growth and Project PipelineLion One is advancing a suite of projects designed to support medium-term growth and operating resilience at Tuvatu:Tailings Storage Facility Stage 2B: Contractor selected; a contract in the order of $6.5 million (VEP) is targeted for execution in April 2026 to enable mobilisation ahead of the dry season.Flotation circuit: Building permit drawings have been lodged with Nadi Town Council, structural works are progressing, and detonator magazine expansion is nearing completion.Evaporation system: A Limited Purchase Order has been issued to MineTek and detailed design is underway.Site facilities: Planning continues for changeroom expansion, a new surface sub-station for the west zone portal, additional workshops, vehicle parking, and a mine inventory warehouse.On the geology front, infill and resource growth drilling continued on the UR2 and URA vein systems, with four underground rigs operating and a fifth surface rig added in Week 11. The western decline reached the URA vein system and ore development has commenced, opening an additional production front.Near-term Priorities For the coming quarter, Lion One's strategic operating priorities at Tuvatu are to:Stabilise and improve underground equipment availability, especially loaders and long-hole drills, to increase stoping contribution to mill feed.Strengthen power reliability through implementation of the generator refurbishment plan, HV network upgrades and EFL engagement, alongside optimisation of the Waimilika solar installation.Deliver the TSF Stage 2B, flotation circuit and evaporation projects on schedule to support production, compliance and future expansion.Advance development and stoping in the 1068 and 1066 levels and the URA area to build multiple high-grade feed sources.Qualified PersonIn accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), Stephen Jeffers, FAusIMM, an employee of the Company, is the Head of Mining Operations and Qualified Person for the Company and has approved the technical and scientific content of this news release.Investor Relations Lion One announces that it has entered into an investor relations agreement dated April 1, 2026 with Alliance Advisors Canada Corp., doing business as Alliance Advisors Investor Relations ("Alliance Advisors IR"), to support the Company's communications and investor outreach efforts in North America (the "Agreement").Pursuant to the Agreement, the engagement is for an initial period of six months for a fee of C$15,000 per month for investor relations and communications services (the "Services"). The Services will include investor relations support, investor targeting, access and engagement support, and public relations and media engagement. Prior to September 30, 2026, either party can terminate the Agreement with a 60-day prior written notice, before the Agreement auto-renews for successive six-month terms. Alliance Advisors IR and its employees are arm's length to the Company. Alliance Advisors IR and its employees have no direct or indirect interest in the Company or its securities and have no intention or right to acquire such an interest. In addition, no securities of the Company will be issued as compensation. The Agreement is subject to Exchange approval.For further inquiries, the contact details for Alliance Advisors are as follows: Alyssa Barry, President, 400-22 E 5th Ave., Vancouver, BC, V5T 1G8,

Lion One Announces Formation of Special Committee and Responds to Request for Shareholder MeetingMarch 30, 2026 7:00 PM
NewsfileNorth Vancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - The Board of Directors of Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company"), in conjunction with a newly formed special committee (the "Special Committee") announced today that, with the assistance of its professional advisors, it has determined that the request for a shareholder meeting dated March 9, 2026 (the "Request") does not constitute a valid shareholder requisition and cannot be acted on. Accordingly, the Company will not be calling a meeting of shareholders in response the Request. The Special Committee of independent directors was formed to, among other things, respond to the Request, as well as oversee a strategic process to identify, examine and consider a range of strategic alternatives available to the Company in order to maximize shareholder value. As it has in the past, the Company welcomes the perspectives of its shareholders and looks forward to an ongoing dialogue through the special committee. The special committee, board and management team will continue to prioritize good governance and perform their duties in the best interest of the Company. About Lion One Metals LimitedLion One 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, Tailings Storage Facility, and 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,
Campbell Olsen, Chief Executive OfficerContact Information
Email:

Lion One Provides Clarification on Mining Methods at the Tuvatu Gold MineMarch 25, 2026 4:10 PM
NewsfileLion One Has Not Abandoned Shrinkage Stoping - Multiple Mining Methods Will Be Used as Dictated by Deposit CharacteristicsNorth Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") wishes to address recent commentary regarding mining methods at its 100%-owned Tuvatu Alkaline Gold Project in Fiji ("Tuvatu"). The Company is aware that certain claims have been made suggesting that Lion One has abandoned shrinkage stoping in favour of an alternative mining method. These claims are inaccurate.Lion One has not moved away from shrinkage stoping. The Company's first shrinkage stope was completed successfully in 2025 producing 5,704 tonnes at an average gold grade of 10.60 g/t.¹ A second shrinkage stope projected to be twice the size of the first was subsequently developed in Zone 5 with a third shrinkage stope under development at the 1120 level.² Shrinkage stoping remains a core part of the Company's mining plan.5,70410.60 g/t70%$15MTonnes from First Shrinkage StopeAverage Gold Grade 
AchievedIncrease in Development RatesArete Capital Strategic Investment THE FACTS: SHRINKAGE STOPING AT TUVATUFar from abandoning shrinkage stoping Lion One has actively developed and refined this technique throughout 2025 and into 2026. The publicly disclosed record is clear:First Shrinkage Stope Completed Successfully (Q3 2025): The Company's first shrinkage stope located near surface in Zone 2 targeted a section of the Ura1 lode approximately 62 m long, 24 m tall and 1.5 m wide. It produced 5,704 tonnes at 10.60 g/t gold.¹

"The success of the Company's first shrinkage stope is a major achievement and milestone for the Company and confirms shrinkage mining as an optimal mining method for certain parts of the Tuvatu gold deposit. We anticipate utilising other mining methods for other parts of the deposit."

- Lion One Metals, News Release, October 2, 2025Second Shrinkage Stope Developed (Q4 2025): A second significantly larger shrinkage stope was developed in Zone 5 focused on the UR2 lode. This stope was projected at approximately 60 m long, 50 m tall and 1.5 m wide with expected production of 11,520 tonnes - roughly double the first.¹Third Shrinkage Stope - Design Underway (2026): Development of a third shrinkage stope between levels 1116 and 1156 is currently underway at the design stage. The Company has commenced additional surface drilling to tighten up the design and improve geological knowledge of this section of the deposit before mining commences. We acknowledge that the first shrinkage stope could have been more accurately designed with better geological data in hand, and this programme reflects the lesson learned from that experience. The final size parameters for the third stope are yet to be determined and will be confirmed once the additional drilling results are received and assessed. Shareholders will be updated once a final design is established.³WHY RESPONSIBLE OPERATORS USE MULTIPLE MINING METHODSIt is a fundamental principle of underground mine engineering that no single mining method is universally optimal. The appropriate technique for any given section of an underground mine is dictated by the physical characteristics of the deposit in that section - including its width, dip angle, continuity, grade distribution and the geotechnical properties of the surrounding rock mass.At Tuvatu the gold mineralisation occurs in steeply dipping narrow veins within a complex alkaline geological setting. The deposit is characterised by multiple lode arrays with varying orientations, widths and structural characteristics.4 This geological complexity - which is typical of high-grade narrow-vein gold systems worldwide - means that the optimal mining method will naturally vary from one section of the mine to another.UNDERSTANDING MINING METHOD SELECTIONIn narrow-vein underground gold mining operators typically employ a combination of techniques including shrinkage stoping, cut-and-fill stoping, longhole stoping and development mining. The selection of method for each section of the mine depends on:Deposit geometry - the width, length, height and dip angle of the vein in that sectionGeotechnical conditions - the strength and stability of the surrounding rock massGrade distribution - where the highest-grade gold is concentrated within the veinSafety considerations - the method that provides the safest working environment for mine personnelEconomic efficiency - maximising gold recovery while minimising dilution and operating costsThis is standard practice across the global mining industry and is not unique to Tuvatu or Lion One. Any suggestion that a responsible operator should commit exclusively to a single mining method, regardless of the geological conditions encountered, reflects a fundamental misunderstanding of underground mining.SHRINKAGE STOPING IN CONTEXTShrinkage stoping is a well-established underground mining method that has been used successfully for decades in narrow-vein gold deposits around the world. It is particularly well-suited to steeply dipping veins where the ore body is narrow and high-grade, conditions that exist at Tuvatu.However like all mining methods shrinkage stoping has practical limitations that experienced operators must manage responsibly:Cycle time: A single shrinkage stope can take several months from development to final drawdown. The Company's first stope was developed over several months with production occurring from July to September 2025.¹ We would reasonably allow 3 to 5 months from beginning of stoping to processing.Safety considerations: Shrinkage stoping requires personnel to work on top of broken ore which presents inherent safety risks that must be carefully managed. Modern mine management prioritises worker safety above production targets.Capital tied up in inventory: During active mining approximately 60% of the broken ore remains in the stope to provide a working platform. This ore is only recovered during the final drawdown phase meaning significant value is held in inventory throughout the mining cycle.Geological suitability: Shrinkage stoping works best in steeply dipping ore bodies with consistent geometry. Where the vein changes dip, width or orientation, which is common in complex geological settings, other methods may be more appropriate.Management's position is straightforward: shrinkage stoping will continue to be used where the ore body characteristics make it the most appropriate method. Where geological conditions call for an alternative approach the Company will apply the safest and most economical technique available. This is exactly what any competent underground mining operation does.THE GEOLOGICAL REALITY AT TUVATUThe Tuvatu gold deposit occurs within the Navilawa Caldera in Fiji which is a complex alkaline geological environment where gold mineralisation is hosted in multiple steeply dipping narrow veins (lodes) with varying orientations and characteristics.4 The deposit includes multiple lode arrays across several zones (Zone 2, Zone 5 and others) each with distinct structural and mineralogical features.The Company has publicly noted that high-grade "blow-out" zones are produced at the intersection of multiple structures with different orientations5, a characteristic that underscores the geological variability of the deposit and the need for adaptive mining methods. Gold deposition in alkaline systems is inherently complex and variable and the precise geometry and grade distribution of each vein section can only be fully understood through detailed underground drilling and geological mapping as the mine develops.This geological complexity is precisely why Lion One conducts extensive underground infill and grade control drilling to characterise each section of the deposit before mining commences. It would be irresponsible to predetermine a single mining method without first understanding the geological conditions in each area of the mine.THE ARETE ADVANTAGE: EXPERIENCED MINING OPERATORSThe strategic transaction with Arete Capital Advisors announced on December 30, 2025 brings significant additional mining expertise to Lion One.7 Arete is a specialist mining investment and operating group with a demonstrated track record in mine management, turnaround and optimisation.Campbell Olsen appointed CEO on February 25, 2026 brings extensive experience in international resource investment and operational leadership within the mining sector including substantial experience in high-grade underground gold mining.8 Under the Management Services Agreement Arete will provide specialist technical engagement to systematically advance Tuvatu and build long-term value for shareholders."Arete's specialist team brings deep operational, technical and financial experience in turning high-quality mid-tier gold assets into robust cash-generative businesses... [with a] clear pathway to unlock significant incremental value at Tuvatu through disciplined mine optimisation, targeted capital investment and an aggressive but data-driven exploration program."- Campbell Olsen, CEO, December 30, 2025Decisions about mining methods at Tuvatu are and will continue to be made by qualified mining engineers and geologists with direct knowledge of the underground conditions. These are complex technical decisions that require hands-on operational expertise not speculation from outside parties who do not have access to the detailed geological and geotechnical data that informs mine planning.The Company advises that its current mine development plan is not based on a feasibility study of mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the development of a commercially mineable deposit. There is no assurance that the Company will achieve anticipated levels of mineral recovery or production costs.WHAT SHAREHOLDERS SHOULD KNOWLion One has not abandoned shrinkage stoping. The Company successfully completed its first shrinkage stope in 2025 is developing additional shrinkage stopes and will continue to use this method where appropriate.Multiple mining methods are standard practice. Every competent underground mining operation adapts its methods to the geological conditions encountered. This is a strength not a weakness.The deposit dictates the method. Geology at Tuvatu is complex and variable. The Company will utilise the safest and most economical technique for each section of the mine as determined by the deposit characteristics encountered during development.Experienced operators are in charge. The Arete management team brings deep expertise in underground gold mining. Mining method decisions will be made by qualified professionals with direct knowledge of underground conditions.Lion One remains focused on what matters: safely and efficiently developing Tuvatu into a robust long-life underground gold mine. The Company will continue to provide transparent updates on its operations, mining methods and production progress.DEFINITIONS FOR SHAREHOLDERSThe following plain-language explanations are provided to assist shareholders in understanding the technical terms used in this release.Shrinkage stopingA mining method used in narrow steeply dipping ore bodies. Miners drill and blast ore from the bottom of a section upward. Around 60% of the blasted rock is left inside the stope (void) as a working platform. Miners stand on this broken rock to continue drilling upward. At the end of the mining cycle the retained ore is drawn out from below. The method is efficient for high-grade narrow veins but requires careful management of the working platform and ground conditions.Cut-and-fill stopingA mining method where ore is extracted in horizontal slices from the bottom upward. After each slice is removed the void is filled with waste material or engineered fill before the next slice is mined. This provides ground support and allows mining in areas where the rock mass is less stable. It is slower than shrinkage stoping but offers more control over ground conditions.Longhole stopingA method where long drill holes are drilled from a level above or below the ore body and the ore is blasted in large volumes. The broken ore falls to a lower level for collection. This is an efficient bulk mining method suited to larger ore bodies but less selective than shrinkage or cut-and-fill in narrow veins.Development miningThe tunnelling and infrastructure work required to access ore bodies. This includes driving declines (ramps), cross-cuts (horizontal tunnels) and raises (vertical or inclined openings connecting levels). Development mining does not produce significant ore but is essential to creating access for production mining.LodeA vein or zone of rock containing economically significant gold mineralisation. At Tuvatu gold occurs in multiple lodes - narrow zones of high-grade mineralised rock within the broader ore body.Multiple lode arraysA series of individual lodes that occur in the same general area of the deposit, often with slightly different orientations or dip angles. At Tuvatu the gold system contains multiple lode arrays meaning the ore body is not a single continuous sheet but a network of mineralised veins with varying characteristics.Ore body geometryThe three-dimensional shape of the ore body - including its length, width, height and the angle at which it dips into the ground. Mining method selection depends heavily on geometry: narrow steeply dipping veins suit different methods than wide shallow-dipping ore bodies.Dip angleThe angle at which a vein or geological structure tilts from horizontal. A steeply dipping vein is nearly vertical. A shallowly dipping vein is nearly horizontal. Shrinkage stoping works best in steeply dipping ore bodies.Geotechnical conditionsThe physical properties of the rock mass surrounding the ore body including its strength, stability and tendency to fracture or collapse. Geotechnical conditions directly influence which mining methods can be used safely and what ground support is required.Grade distributionHow gold is distributed within the ore body. In some sections grade may be highly concentrated in a narrow zone. In others it may be more evenly spread or variable. Understanding grade distribution through drilling helps miners optimise their method to maximise gold recovery and minimise dilution with waste rock.DilutionThe mixing of waste rock with ore during mining which reduces the average grade of material sent to the processing plant. Minimising dilution is a key objective in narrow-vein mining. Poorly designed stopes or inaccurate geological knowledge can increase dilution and reduce the gold recovered per tonne processed.Infill drillingDiamond drilling conducted within a known mineralised zone to increase the density of geological data and improve the accuracy of the ore body model. Infill drilling reduces geological uncertainty and allows more accurate mine design. The Company conducts infill drilling prior to stope design specifically to reduce the risk of the kind of design inaccuracies acknowledged in this release.Grade control drillingClosely spaced drilling conducted in active mining areas to accurately define ore and waste boundaries before and during mining. Grade control data guides miners on exactly where to mine and where to stop to maximise ore recovery and minimise dilution.DrawdownThe final phase of shrinkage stoping where the retained broken ore platform is extracted from below. During active shrinkage mining approximately 60% of blasted ore is held inside the stope. Drawdown recovers this retained material at the end of the mining cycle.Alkaline geological settingA geological environment associated with alkaline igneous rocks such as the monzonites and syenites of the Navilawa Caldera at Tuvatu. Alkaline gold systems are a specific class of epithermal gold deposit associated with this rock type. They are relatively rare globally but include some of the world's highest-grade and largest gold deposits including Porgera in Papua New Guinea and Emperor in Fiji.Navilawa CalderaThe ancient volcanic collapse structure within which the Tuvatu gold deposit is located on the island of Viti Levu in Fiji. The caldera hosts the mineralised system that produced the gold veins now being mined. Lion One holds exploration rights over the broader caldera area providing significant potential for the discovery of additional gold and copper mineralisation.Blow-out zoneA localised area within a vein system where the ore body expands in width and grade as a result of the intersection of multiple structures. Blow-out zones are typically high-value areas within the mine. At Tuvatu they occur where multiple lodes converge or intersect at different orientations.StopeThe underground void created by the removal of ore during mining. A stope is the productive working space from which gold-bearing rock is extracted. Multiple stopes may be active simultaneously in different parts of the mine. QUALIFIED PERSON In accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Stephen Jeffers, FAusIMM, an employee of the Company, is the Head of Mining Operations and Qualified Person for the Company and has approved the technical and scientific content of this news release.On behalf of the Board of Directors,Campbell Olsen
Chief Executive OfficerContact Information
Lion One Metals Limited |

Lion One Announces Conditional Approval of the Non-Brokered Private Placement with Arete CapitalMarch 20, 2026 4:01 PM
NewsfileNorth Vancouver, British Columbia--(Newsfile Corp. - March 20, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company ") is pleased to announce receipt of conditional approval from the TSX Venture Exchange (the "TSXV") for the non-brokered private placement financing (the "Offering") pursuant to the subscription agreement dated December 30, 2025 between Arete Capital Advisor Pty Ltd ("Arete") and the Company (the "Subscription Agreement"). The Company anticipates closing the Offering on March 27, 2026. Concurrently with the closing of the Offering, the Company and Arete will enter into an investor rights agreement (the "Investor Rights Agreement") and a management services agreement (the "Management Services Agreement"). The OfferingPursuant to the Subscription Agreement, Arete has subscribed for 44,264,800 units at a price of C$0.34 per unit for gross proceeds to the Company of C$15,050,032, with each unit consisting of one common share (the "Common Shares") and one common share purchase warrant (the "Warrants"). Each Warrant enables the subscriber to acquire one Common Share at a price of C$0.39 for a period of three years following the closing of the Offering. The Common Shares being purchased represent 9.9% of the Company's outstanding Common Shares on a pro forma basis, not giving effect to the exercise of the Warrants. Arete and its principals do not hold any other securities of Lion One. Arete has agreed not to acquire any additional Common Shares (including upon exercise of the Warrants) that would cause it to hold more than 10% of the Company's outstanding Common Shares without the prior written approval of the TSXV following the clearing of personal information forms by all insiders of Arete. Furthermore, Arete has acknowledged and agreed in the Investor Rights Agreement that in accordance with the policies of the TSX-V, disinterested shareholder approval will be required for Arete to hold more than 20% of the Company's outstanding Common Shares. The Company intends to use the net proceeds from the Offering to fund several strategic initiatives at the Tuvatu Alkaline Gold Project in Fiji ("Tuvatu Project") intended to address critical operational constraints that limit the Company's ability to scale production and generate sufficient cash flow to service its obligations under its senior debt facility. These initiatives include improvements in mill throughput capacity, the flotation circuit to achieve higher recovery rates, underground development headings to access higher grade zones and investments in mining equipment. The Company also plans to deploy some of the proceeds of the Offering to provide a cushion for its working capital covenants under its senior debt facility. The Company's senior debt facility matures in August 2026 creating an urgent cash flow imperative over the next five months. Investor Rights AgreementOn closing of the Offering, the Company plans to enter into the Investor Rights Agreement with Arete which will provide Arete with certain rights as a significant shareholder of the Company. The Investor Rights Agreement reflects customary terms for a transaction of this nature, including board nomination rights and pre-emptive rights to maintain its prevailing shareholding interest in the Company provided it holds at least 9.9% of the Common Shares. Pursuant to the Investor Rights Agreement, Arete shall have the right to designate one (1) nominee (the "Investor Nominee") to serve as a director of the Company for election or appointment to the board of directors (the "Board") for as long as the aggregate security ownership interest of Arete and its affiliates in the Company (the "Investor Pro Rata Interest") is at least equal to 9.9% of the issued and outstanding Common Shares (the "Minimum Qualification Threshold"). The Company shall not increase the size of the Board above five (5) members without prior written consent of Arete for as long as the Investor Pro Rata Interest is at least equal to the Minimum Qualification Threshold. Arete's nominee is Campbell Olsen, the Chief Executive Officer of the Company who was appointed on February 25, 2026. The Investor Rights Agreement also provides that Arete shall have the right to participate in future offerings undertaken by the Company to allow Arete to maintain its then Investor Pro Rata Interest (the "Participation Right"). The Participation Right shall not apply to securities issued (a) pursuant to any stock option plan or other employee equity incentive plan approved by the Board; (b) issued upon the exercise or conversion of any pre-existing securities that were issued by the Company and outstanding prior to the date the Investor Rights Agreement will be entered into; (c) issued in connection with any stock split, stock dividend or recapitalization by the Company in which shareholders are affected equally; (d) issued as consideration for property, services or debt financing; and (e) issued to agents or underwriters engaged by the Company in connection with capital raising activities or as compensation, including broker warrants. The Investor Rights Agreement further provides that Arete agrees, for as long as an Investor Nominee serves on the Board, to vote all common shares of the Company held by Arete or its affiliates in favor of all director nominees recommended by the Company's management (the "Management") and to align its voting with the Management's recommendations on all other proposals and matters outlined in the Company's management proxy circular for the relevant shareholders' meeting.The Investor Rights Agreement will terminate at such time as the Investor Pro Rata Interest falls below the Minimum Qualification Threshold. Any amendment or extensions to the Investor Rights Agreement are subject to prior written approval of the TSXV. Management Services AgreementOn the closing of the Offering, the Company plans to enter into the Management Services Agreement with Arete pursuant to which Arete will provide management and advisory services relating to the Company's Tuvatu Project. The scope of management and advisory services includes, among other things, advising and coordinating the Company's operational management, designating key personnel responsible for leading project management functions, and reviewing budgets in accordance with a business plan approved by the Company, to support the Tuvatu Project.While Arete will serve as an independent contractor, it will be subject to the oversight of the Company's Board of Directors, which will retain overall responsibility for the oversight of management of the Company. Arete will be required to perform the services with the degree of skill, care and diligence that a prudent and experienced mining industry operator would exercise in comparable circumstances having regard for the size, scope and complexity of the Tuvatu Project, and in compliance with applicable laws and regulatory requirements. Arete will report to the Board of Directors of Lion One and will work with the Board of Directors to establish annual business plans and budgets. The Management Services Agreement also stipulates that Arete will not enter into any contract in connection with the Tuvatu Project that is (a) outside the scope of the approved business plan or budget; (b) exceeds a commitment of C$150,000; or (c) could materially affect the Company's ownership of or rights in respect of the Tuvatu Project. All approvals or consents required from Lion One under the Management Services Agreement must be approved by the Board of Directors of Lion One, with any representative of Arete or any person with whom Arete does not deal at arm's length recused from all board considerations and required to abstain from voting. Under the terms of the Management Services Agreement, Arete is entitled to the following compensation: (a) a management fee of C$750,000 for each 12-month period commencing on the effective date of the Management Services Agreement (a "Payment Period"), subject to adjustments in accordance with the terms of the Management Services Agreement; (b) up to C$375,000 per year in incentive compensation provided Arete meets certain key performance indicators that will be established by the Board of Directors of Lion One and Arete (which may be payable in Common Shares by mutual agreement, subject to requirements of the TSXV and applicable securities law); and (c) performance-based incentives, including equity-linked incentives in compliance with the Company's Omnibus Equity Compensation Incentive Plan (the "Option Plan"), in the form of 4,000,000 Performance Options (as defined in the Option Plan) exercisable at a price of C$0.40 for a period of five years from the date of grant, and 4,000,000 Performance Share Units (as defined in the Option Plan) for each Payment Period. All compensation payable in Common Shares or convertible securities of the Company will be subject to the prior written approval of the TSXV. The Management Services Agreement, unless terminated in accordance with the terms, is renewable by mutual agreement after its initial five-year term. The Company may terminate the Management Services Agreement at any time prior to the expiry of the term upon a default by Arete or at the discretion of the Board of Directors with the payment of a termination fee equal to two times the annual management fee. Any amendment or extensions to the Management Services Agreement are subject to prior written approval of the TSXV. About Lion One Metals LimitedLion One 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, Tailings Storage Facility, 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.About Arete Capital Corp.Arete is a specialist mining investment and operating group focused on high-quality mid-tier gold and base metal assets, with a track record that spans private equity investment, mine acquisition and management, turnaround and optimization across multiple jurisdictions. Led by Chief Executive Officer Campbell Olsen, Arete's principals have been responsible for identifying, funding and transforming a series of operations from concept or distress status into long-life, cash-generative mines, working closely with boards, management teams and technical consultants. The team combines front-line operational expertise in mine planning, geology, metallurgy and processing with deep experience in capital markets, structured finance and M&A, allowing Arete to bridge the gap between technical potential and commercial outcomes for both companies and investors.Arete's approach is highly hands-on and partnership-driven, with a focus on disciplined capital allocation, systematic operational improvement and rigorous risk management. Drawing on experience gained across multiple commodity cycles, Arete has developed a repeatable framework for optimizing mine plans, lifting productivity and unit margins, and prioritizing near-term, high-return capital projects that can materially enhance net present value and extend mine life. By combining technical depth with strategic oversight and an owner-operator mindset, Arete aims to unlock latent value in complex mining assets and position its partner companies to become resilient, mid-tier producers capable of generating sustainable free cash flow and long-term shareholder returnsOn behalf of the Board of Directors,
Campbell Olsen, Chief Executive OfficerContact Information
Email:

Lion One Announces Evaporator System Approved for the Tuvatu Gold MineMarch 18, 2026 9:30 AM
NewsfileUS$1.14 Million Investment in Permanent Water Management Solution Eliminates Environmental Discharge Risk at TuvatuNadi, Fiji--(Newsfile Corp. - March 18, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to announce that it has approved an investment of US$1.14 million for the procurement and installation of an evaporator system at the Company's 100%-owned Tuvatu Alkaline Gold Project in Fiji ("Tuvatu"). The evaporator is a permanent solution for managing excess process water in the Tailings Storage Facility ("TSF"), and is expected to be fully operational by late April to early May 2026, coinciding with the start of Fiji's dry season.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/288934_capture.jpgStrategic RationaleThe Company conducted a thorough evaluation of water management alternatives for the TSF, including reverse osmosis ("RO") and enhanced evaporation technologies. The evaporator system was selected as the optimal solution following detailed engineering and commercial assessment, based on the following key advantages:Permanent elimination of discharge: The evaporator removes the need for any process water to be discharged into the Sabeto River system, delivering a robust environmental outcome and removing ongoing regulatory riskReduced timeline risk: The system can be operational within approximately six weeks of order placement, significantly faster than alternative solutions which face regulatory and procurement delays with no defined resolution timelineCost-effective solution: The total capital investment of approximately US$1.14 million includes US$190,000 allocated for an optional acoustic silencer to enable 24-hour operations if required. Industry experience indicates an RO plant alternative would cost a comparable amount for a single dry season rental aloneRegulatory certainty: The evaporation approach bypasses the uncertainty surrounding river discharge permits, which remain subject to completion of an independent environmental impact assessment that has been uninitiated for over six months with no end in sightWater Management ContextThe Tuvatu mine's water treatment plant currently processes water from the Mill Pond. While the treatment plant can reduce the primary contaminant (copper) to acceptable levels, other water quality parameters including total dissolved solids ("TDS") remain above thresholds required for river discharge. During significant rainfall events, excess treated water from the Mill Pond is pumped to the TSF for storage.There is currently no engineered mechanism, other than natural evaporation, to remove water from the TSF. The new evaporator system will provide that mechanism through enhanced evaporation, ensuring the facility maintains safe operating levels. The system, including its dedicated generator set and ancillary equipment, represents a permanent infrastructure improvement that strengthens the mine's long-term operational resilience and environmental compliance framework.The evaporator proposal means that discharging mill water to the Sabeto River would never be required again. This is a good outcome for the environment and removes regulatory risk from the equation. Timeline risk is also significantly reduced. The system could be up and running by late April/early May — just in time for the start of the dry season. Environmental BenefitsBeyond resolving the immediate water management requirement, the evaporator delivers broader environmental and ESG benefits:Creates a self-contained, closed-loop water management system that prevents any process water from entering the Sabeto River or the broader natural waterwayReplaces temporary or rental-based solutions with permanent infrastructure, reducing long-term operating costs and maintenance complexityStrengthens the Company's social licence to operate in the local community by addressing water management as a permanent, engineered solutionInvestment SummaryItemDetailsStatusEvaporator SystemEnhanced evaporation technology incl. gensetApprovedCapital CostApprox. US$1.14 millionFundedAcoustic SilencerUS$190K (optional, order deferred)ContingentTarget CommissioningLate April / Early May 2026On trackDischarge EliminationPermanent - no river discharge requiredConfirmed "This investment permanently resolves our water management requirements while delivering an excellent environmental outcome. The evaporator is a far more economical and timely solution than the alternatives, and importantly, it removes regulatory risk entirely. We inherited a situation that required decisive action, and this is exactly that."- Campbell Olsen, Chief Executive OfficerThe Company will provide further updates on commissioning progress and operational performance as the evaporator system is installed and brought online.Qualified Persons StatementIn accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Stephen Jeffers, FAusIMM, an employee of the Company, is the Head of Mining Operations and Qualified Person for the Company and has approved the technical and scientific content of this news release.About Lion One Metals LimitedLion 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, Tailings Storage facility, 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,Campbell Olsen
Chief Executive OfficerContact Information Lion One Metals Limited
Email:

Drilling Operations Upgrade at the Tuvatu Gold MineMarch 16, 2026 12:04 PM
NewsfileFirst of Five New Drills Rigs On-Site and Improved Drilling Rates TargetedNorth Vancouver, British Columbia--(Newsfile Corp. - March 16, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to provide an update on underground drilling operations at its 100%-owned Tuvatu Alkaline Gold Project in Fiji ("Tuvatu"). The Company has commenced a significant upgrade to its drill fleet, with the performance of existing drills already improving. The existing fleet will be replaced with three new high-performance underground drill rigs and an additional surface rig.2-3x
Improvement in Drill
Metres per Shift     25 m
Target Metres
per Rig Shift  4
New Underground-Capable
Rigs Being Acquired Figure 1. New EDR450 (track-mounted surface drill rig) at the Tuvatu Gold Mine, Fiji, with the Navilawa Caldera in the background. March 14, 2026.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/288687_e626197ad4951b50_001full.jpgDrilling Data: The Foundation of Underground MiningAt the heart of any successful underground mining operation is access to comprehensive, high-quality drilling data. Drill programmes provide the critical geological and grade control information that directly informs mine design, mining scheduling, mining method selection, and ultimately the level of confidence in gold metal throughput at the process plant. These elements are tightly interconnected - quality drill data drives better mine planning, which drives better gold recovery, which drives shareholder value.This is the Company's primary operational focus in these early days under new management: building the drilling capacity and geological knowledge base that will underpin every subsequent decision about how Tuvatu is mined, developed, and expanded.Existing Fleet: From Underperformance to TransformationThe Company's existing underground drill rigs had reached a stage well beyond their normal operational lifespan. Mechanical breakdowns and falling operational reliability are significantly constraining drilling output. From mid-2025, drill performance was well below industry standards and insufficient to support the Company's geological data requirements.To address this, Lion One has moved to replace the drilling fleet. While this is in process, focus has been renewed on improvements to the existing rigs. This includes management support and engagement of a dedicated experienced drill rig fitter. The results have been encouraging.Existing Fleet Performance TurnaroundCurrent performance: Underground metres per shift have been doubled, through improved support and focus.Surface rig deployed: An additional rig in on site. A track-mounted EDR450 drill rig has commenced operations on March 14, 2026, complementing the underground fleetCurrently (and for the rest of the wet season) the rig will support in-mine and near-mine drilling, focused on shallow targets. In the dry season, the surface rig will re-focus on the significant regional exploration potential throughout Lion One's tenements.Four New High-Performance Underground Drill RigsIn addition to the immediate improvements to the existing fleet, Lion One is in advanced negotiations to acquire four new, fit-for-purpose, high-performance underground drill rigs. The Company believes drilling rates of 25 metres per drill rig shift, are achievable at Tuvatu, with the potential for higher output depending on ground conditions.The commercial terms of the acquisition are being finalised. Key features of the proposed arrangement include:Spare parts on consignment: A significant supply of spare parts to be held on consignment in Fiji, meaning the Company will only pay for parts as and when they are used. This materially reduces upfront capital requirements and ensures spare part availability does not become a bottleneck to rig utilisationVersatile fleet configuration: One of the four new rigs will be convertible to a diesel drive system, enabling it to also operate on surface as and when needed. This rig is compact enough to be helicopter-slung and deployed in the jungle for step-out exploration drilling - providing the Company with a highly flexible exploration capability at minimal incremental cost and improved environmental outcomes. Fit for purpose: The rigs are ideal for underground narrow-vein operations of the type conducted at Tuvatu, ensuring optimal performance in the mine's specific conditionsThe Company will provide further details on this acquisition as the commercial terms are finalised.The Path from 6

Lion One Announces Message from the CEO and Tuvatu Gold Mine Operations UpdateMarch 14, 2026 10:25 PM
NewsfileNorth Vancouver, British Columbia--(Newsfile Corp. - March 14, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to provide an update from the Chief Executive Officer, Campbell Olsen, along with a detailed summary of operational performance at the Company's 100%-owned Tuvatu Gold Mine in Fiji.A Message from the CEOAs your new CEO, I am committed to elevating how we communicate with you, our shareholders, and to doing so with a clear focus on long-term value creation. I know many of you have been committed shareholders for years, through both promising periods and more challenging ones, and I want to thank you for that continued support and patience. This inaugural monthly report marks the beginning of a more regular, forward-looking dialogue about how we are building a stronger, more valuable Lion One over time.We refer to 2026 as "Phase 2" for a reason. The past few years were about achieving the important milestone of bringing Tuvatu into production. Phase 2 is about turning that achievement into a durable, high-quality business - a mine with greater resilience, more predictable performance, and clear growth potential in both production and mine life. The work we are doing now is designed to support not just the next quarter, but the next several years of value creation.February delivered a mix of encouraging progress and areas where we need to do better. On the positive side, we generated solid gold production, advanced major capital projects that will enhance recoveries, and maintained an excellent safety record. At the same time, underground development and ore grade variability weighed on our performance. These are typical early-stage challenges in an underground operation, and we are addressing them with specific, measurable actions. Our goal is to convert today's learnings into tomorrow's operational strength.Safety and People Safety remains our top priority. In February, we achieved: No Lost Time Injuries. Site medical capacity strengthened with a full-time nurse and refurbished nursing station.All incidents reviewed and corrective measures completed.We are operating with accountability and care, recognizing that every ounce of gold we produce must reflect the safety and wellbeing of our team.Production and Processing Gold Production: In February, we poured 813 ounces of gold (net 804 oz after refinery adjustments). Year-to-date, we have now produced 9,180 ounces.Mill Performance: Our processing plant milled 10,267 tonnes of ore at an average grade of 3.49 grams per tonne (g/t). Gold recovery averaged 77.3% during the month. The mill continues to operate reliably, and our recent flotation plant commissioning (discussed below) is expected to improve recovery rates materially.What these numbers mean: One gram per tonne means that every tonne of rock we process contains approximately one gram of gold. Higher grades mean more gold per tonne of ore. Our February head grade of 3.49 g/t was below our recent averages, which affected total gold production.Underground Development: Targeted Improvements UnderwayWhile mined tonnage met plan, underground grade variability and limited development meterage reduced overall production flexibility. February development totaled 120 metres vs. a target of 188 metres.Root causes included equipment availability and compressed air constraints-now being addressed through:Commissioning of new underground equipmentStrengthened maintenance planning and reliability standardsVentilation upgrades to support deeper miningOur development priorities remain tightly aligned with long-term production planning.Exploration: Extending Mine Life and OptionalityOur geology team achieved excellent drilling results in February with 2,369 metres drilled across four active rigs. The standout intercept was 5.15 metres at 9.18 g/t gold-significantly above our economic cutoff grade of 3.5 g/t. This drilling continues to define and extend our known ore bodies, building confidence in our resource base and mine life.Major Projects: Delivered on Time and Under BudgetFlotation Plant Commissioning Nearing Completion: Nearing completion at A$400,000 under budget, with stable performance achieved. This major milestone positions Lion One to capture greater gold recovery and reduce tailings loss. Tailings Storage Facility: TSF Stage 2A construction was completed in December 2025. Engineering for Stage 2B was approved in February, ensuring we have adequate capacity for future operations.Lion One continues to operate responsibly, with independent audits confirming compliance across environmental and safety metrics.Financial and Operational DisciplineWhile working capital remains under active management, the flotation plant's improved recovery profile and expected higher grades will support stronger near-term cash generation. Capital allocation remains disciplined and directly tied to value drivers - mine development, reliability, and growth drilling.Key Areas of Focus for Q2 2026 Advance mine development and access
Achieve full development meterage targets and build capacity ahead of production to unlock mine scalability.Optimize plant performance and recoveries
Stabilize and improve recoveries through flotation circuit optimization and disciplined grade control and mining selectivity.Strengthen infrastructure and reliability
Complete the high-voltage power study, implement reliability upgrades, and improve equipment maintenance and availability.Enhance water and tailings management
Finalize a long-term water treatment solution for the Sabeto River and advance TSF Stage 2B engineering.Maintain safety, compliance, and community trust
Sustain a zero-harm safety culture while upholding regulatory compliance and strong community and labour relationships.Closing ThoughtsFebruary showed what our team is capable of - safe execution, disciplined cost management, and continued high-grade exploration success. We have also been clear-eyed about the challenges. Our approach now is methodical: strengthen the mine's foundation, stabilize production, and build sustainable value over time. The next several months will be critical as we work to improve capital development rates, stabilize equipment performance and optimize our newly commissioned flotation plant. These improvements are achievable with focus and disciplined execution.I look forward to providing you with monthly updates as we advance this next phase of growth. We are also aware of the shareholder requests that have been made regarding the Company's board composition. Over the past several months we have strengthened Lion One with a world-class operating team, new leadership under my appointment as CEO, and a refreshed board with the addition of David Anderson earlier this year. We will continue to evaluate our board composition over time, with a clear focus on aligning the skills and experience at the board table with the needs of the business and the interests of all shareholders. We have a clear plan, we are executing on that plan, and we will not be distracted from safely operating the Tuvatu mine, delivering on our commitments, and creating long-term value for our shareholders.Thank-you for your continued support.Campbell Olsen 
CEO, Lion One Metals LimitedDefinitions for Non-Technical ShareholdersCapital Development: Building tunnels, declines and infrastructure to access future ore bodies. Essential for mine life.
g/t (grams per tonne): Measurement of gold concentration in ore. Higher numbers mean richer ore.
Head Grade: The average gold content of ore being fed into the mill.
ROM (Run of Mine): Ore stockpile area between the mine and the processing plant.
Recovery Rate: Percentage of gold extracted from ore during processing. Higher is better.
Stope: An underground excavation from which ore is extracted.
Flotation: A process using chemicals and air bubbles to separate fine gold particles from waste rock.
TSF (Tailings Storage Facility): Engineered facility for safe storage of processed rock after gold extraction.
Fire Assay: Laboratory method for accurately measuring gold content in samples.Qualified Persons StatementIn accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101"), Mark Horan, 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 / QAQCLion 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 LimitedLion 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,Campbell Olsen, Chief Executive OfficerContact Information 
Email:

Lion One Acknowledges Receipt of Shareholder Requisition and Reiterates Constructive Dialogue and Engagement with All ShareholdersMarch 12, 2026 8:26 PM
NewsfileLion One is committed to transparency and keeping its Shareholders informed No need for Shareholders to take actionNorth Vancouver, British Columbia--(Newsfile Corp. - March 12, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") acknowledges receipt of a shareholder meeting requisition notice pursuant to section 167 of the Business Corporations Act (British Columbia) dated March 9, 2026 from Concept Capital Management Ltd. (the "Requisitioning Shareholder"). The Company is reviewing the requisition with the assistance of its professional advisors and will respond appropriately in due course. In the meantime, there is no need for shareholders to take any action.The Requisitioning Shareholder's requisition proposes to remove two directors and to set the number of directors at between nine to eleven directors and to elect six of the Requisitioning Shareholder's nominees. The board and management of Lion One will continue to prioritize good governance and the best interests of the Company, and Lion One continues to welcome the perspectives of its shareholders.Approval of the strategic transaction with Arete Capital Advisors announced on December 30, 2025, which includes a $15 million equity investment, Management Services Agreement, and Investor Rights Agreement, remains subject to the continued review of the TSX Venture Exchange. on behalf of the Board of Directors,
Walter Berukoff, Chairman and President Contact Information
Lion One Metals Limited
Email:

Canadian Investment Regulatory Organization Trade Resumption - LIOFebruary 25, 2026 11:37 AM
PR Newswire (Canada)

VANCOUVER, BC, Feb. 25, 2026 /CNW/ - Trading resumes in:Company: Lion One Metals Limited TSX-Venture Symbol: LIO All Issues: Yes Resumption (ET): 12:30 PM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Original: Canadian Investment Regulatory Organization Trade Resumption - LIO

L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - LIOFebruary 25, 2026 11:40 AM
PR Newswire (Canada)

VANCOUVER, BC, le 25 févr. 2026 /CNW/ - Reprise des négociations pour :Société : Lion One Metals Limited Symbole à la Bourse de croissance TSX : LIO Les titres : Oui Reprise (HE) : 12 h 30L'OCRI peut prendre la décision de suspendre (ou d'arrêter) temporairement les opérations à l'égard d'un titre d'une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d'assurer le bon fonctionnement d'un marché équitable. L'OCRI est l'organisme d'autoréglementation national qui surveille l'ensemble des courtiers en placement et l'ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.SOURCE L’Organisme canadien de règlementation des investissements (OCRI) - Arrêts/Reprises

Original: L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - LIO

Canadian Investment Regulatory Organization Trading Halt - LIOFebruary 12, 2026 9:53 AM
PR Newswire (Canada)

VANCOUVER, BC, Feb. 12, 2026 /CNW/ - The following issues have been halted by CIROCompany: Lion One Metals LimitedTSX-Venture Symbol: LIOAll Issues: YesReason: Pending Clarification of Company AffairsHalt Time (ET): 9:45 AMCIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Original: Canadian Investment Regulatory Organization Trading Halt - LIO

Suspension de la négociation par l'Organisme canadien de réglementation des investissements - LIOFebruary 12, 2026 9:56 AM
PR Newswire (Canada)

VANCOUVER, BC, le 12 févr. 2026 /CNW/ - L'OCRI a suspendu la négociation des titres suivants :Société : Lion One Metals LimitedSymbole à la Bourse de croissance TSX : LIOLes titres : OuiMotif : En attente d'un éclaircissement des affaires de la sociétéHeure de la suspension (HE) : 09 h 45L'OCRI peut prendre la décision de suspendre (ou d'arrêter) temporairement les opérations à l'égard d'un titre d'une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d'assurer le bon fonctionnement d'un marché équitable. L'OCRI est l'organisme d'autoréglementation national qui surveille l'ensemble des courtiers en placement et l'ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.SOURCE L’Organisme canadien de règlementation des investissements (OCRI) - Arrêts/Reprises

Original: Suspension de la négociation par l'Organisme canadien de réglementation des investissements - LIO

Couloir Capital is Pleased To Announce That it Has Initiated Research Coverage on Lion One MetalsFebruary 2, 2026 3:01 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - Couloir Capital is pleased to announce that it has initiated research coverage on Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (or "Company"). Couloir Capital's Mining Analyst, Sehaj Anand, MBA, B. Tech. crafted a report titled "High-grade underground producer in ramp-up with district-scale optionality."Report excerpt: "We are initiating coverage of Lion One Metals with a BUY recommendation. Our thesis is based on a built, operating, high-grade underground gold asset that remains in ramp-up, where the market continues to discount execution and balance-sheet risk despite a growing operating dataset, a staged and funded recovery/ throughput upgrade path, and credible avenues to convert near-mine and district-scale geological upside into mineable inventory. In our view, the re-rating path is primarily operational: consistent delivery on development meters, stope readiness, mill throughput, recovery, and unit costs. Each quarter of stable performance reduces the probability-weighted impact of dilution, grade reconciliation variability, and liquidity risk."The report can be accessed through Couloir Capital's portal: https://www.couloircapital.com/research-portal. About Couloir Capital Ltd.Couloir Capital Ltd. is an investment research firm with a team of experienced investment professionals providing institutional-quality research coverage for small-cap equities. Companies. Our research reports are distributed via Bloomberg, FactSet, Capital IQ, LSEG, and other platforms, as well as via social media and extensive email distribution lists. To subscribe, visit: https://www.couloircapital.com/research-portal.For further information, please contact: Rob Stitt, Managing Director, Couloir Capital Ltd.
Email: rstitt@couloircapital.com
www.couloircapital.comDISCLAIMER:Analyst Disclosure: The Company has retained Couloir Capital under a service agreement that includes analyst research coverage only. The principal of Couloir Capital maintains a financial interest in the securities or options of the Company through an affiliated fund entity.Investors are encouraged to read the complete list of disclosures contained in the report. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282415
Original: Couloir Capital is Pleased To Announce That it Has Initiated Research Coverage on Lion One Metals

Lion One Metals Engages Atrium Research Corporation October 24, 2025 9:00 PM EDT
https://www.newsfilecorp.com/release/271939

https://liononemetals.com/news/news-releases/lion-one-drills-high-grade-gold-in-west-zone-exploration-reports-record-quarterly-production/

Very nice site tour. Looks great.
https://liononemetals.com/projects/360-site-tour/

Very positive interview.

The monthly chart shows that the stocks has put in a bottom at $.50 while the long term downtrend line is at $.65. The OBV has started to turn up.

Lion One Now Mining. Gold Production in Six Weeks...
http://www.321gold.com/editorials/moriarty/moriarty082323.html

I am in. This bad boy looks explosive long term! $LOMLF

Lion One Extends URW3 Lode, a Key Component of the 500 Zone Feeder, with Several BONANZA-GRADE Drill Intercepts at its Tuvatu Gold Mine

News Release Link: https://bit.ly/3hVbYfP

Lion One Confirms HIGH GRADE GOLD Feeder Zone at Tuvatu Returning 54.9m of 12.22 g/t Au incl. 20.10m of 23.03 g/t GOLD

https://liononemetals.com/news/news-releases/lion-one-confirms-high-grade-gold-feeder-zone-at-tuvatu-returning-54.9m-of-12.22-g-t-au-incl-20.10m-of-23.03-g-t-au/

HIGH GRADE GOLD ASSAY RESULTS from the Tuvatu Alkaline Gold Project in Fiji

https://liononemetals.com/news/news-releases/lion-one-intersects-17.52-g-t-gold-over-23.7m-in-deep-zone-500-drilling-at-tuvatu-alkaline-gold-project-in-fiji/

Located on the Fiji islands, sure would like to visit.

https://www.asiaone.com/business/lion-one-discovers-major-new-gold-feeder-structure-2086-gt-au-over-759-meters-depth

Did today it just "back-test" its' $1.25 ?

Closed at 1.32

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=+ca%3Alio&insttype=&time=&freq=


.

Dr. Quinton Hennigh provides an update on Lion One with Jay Taylor
https://bit.ly/3xHpeLd

Lion One Goes Deep Into Gold Feeder Zone at Tuvatu

https://www.streetwisereports.com/article/2022/04/11/lion-one-goes-deep-into-gold-feeder-zone-at-tuvatu.html

I'm surprised LION ONE has dropped off the radar on IHUB. I haven't posted here in a few years--been busy posting on CEO.lio

It's still the best risk/reward play out there.

I'm surprised LION ONE has dropped off the radar on IHUB. I haven't posted here in a few years--been busy posting on CEO.lio

It's still the best risk/reward play out there.

Loading here this bad boy will be monster!! LOMLF

Chart update

An overview of the ongoing drilling at the Tuvatu Alkaline Gold Project that continues to hit high grade gold https://bit.ly/3D1a5DL #FijiGold

massive high grade gold results!!! This deposit is gonna be HUGE

Lion One Adds Numerous High-Grade Intercepts Near Surface and Expands Deep Feeder Zone 500, Tuvatu, Fiji https://bit.ly/3l4nRy0 s

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1480-tsx-venture/lio/83241-lion-one-s-first-wedge-hole-confirms-high-grade-lode-at-tuvatu-gold-project-in-fiji.html

The "Plan" has been to enter this one on a pullback to 1.75 ......(which is precisely what it's done (not shown) / but with no action taken on my part).....

And so here it is back above $ 2.00 once again (at aproximately where the red arrow is pointing)......following that yesterdays' news release








Least, that was the plan, but I missed it !.....dang

Holding well after the latest rocket ship reaction! No sh!T! Did you see the latest pics of the core! WOW!! After the latest PP closes this will have another violent run up imo. People should do some DD quick here. Gifts like this don't last long.




Cg2

I do not know but perhaps just to be safe.....

what is up here?

Feb 19th - LIO - LOMLF - ROFLMAO

https://liononemetals.com/2020/02/field-sampling-returns-high-grade-gold-from-navilawa/



Feb 27th....... 7 sessions later :


APRIL 2nd - ie TODAY




APRIL 2nd - ie TODAY











APRIL 2nd - SECTOR TODAY - PRIOR TO LATE DAY RALLY (down arrow negated)











enjoy

Lion One Encounters Multiple High-Grade Gold Intercepts at its Tuvatu Alkaline Gold Deposit in Fiji https://bit.ly/36OKpu8

Lion One - looking good for a breakout here !!!

Lion One Presentation with Walter and Quinton

Lion One Targets High-Grade Feeders Beneath Tuvatu Alkaline Gold Resource in Fiji https://bit.ly/2nv9WqZ

Lion One Powers Up New Assay Laboratory #Fiji (link: https://bit.ly/2YOECjC) bit.ly/2YOECjC

looks like Jason Hamlin from Gold Stock Bull is following #LIO. he has 2235 followers on Twitter and from what I hear has an impressive number of US subscribers to his newsletter.....Encouraging high-grade drill results from Lion One @ Tuvatu Gold Project in Fiji https://t.co/LBnruUHdRe? @liononemetals— Jabha (@juststardustonx) August 5, 2019

"At this time, we like Lion One Metals a lot, which operates in Fiji, part of the ring of fire where numerous giant gold mines are found"
Getting Past The Headlines For #Gold And #Energy via Laurentian Research https://bit.ly/2xMHhPK

Money Morning article mentioning LOMLF https://moneymorning.com/2019/07/08/after-a-six-year-long-hiatus-below-1400-gold-has-finally-reclaimed-that-crucial-level/