Mr. Walter Berukoff reports

LION ONE APPOINTS DR. QUINTON HENNIGH AS TECHNICAL ADVISOR FOR THE TUVATU GOLD PROJECT IN FIJI, GRANTS STOCK OPTIONS

Lion One Metals Ltd. has appointed Dr. Quinton Hennigh as technical adviser for the company's 100-per-cent-owned and fully permitted high-grade Tuvatu gold project in Fiji.

Dr. Hennigh is an internationally renowned economic geologist, with over 25 years of exploration experience and expertise with major gold mining companies such as Homestake Mining Company, Newcrest Mining Ltd. and Newmont Mining Corp., where he last served as senior research geologist in 2007. He has since made a number of significant gold discoveries for Canadian exploration companies such as the five-million-ounce Springpole alkaline gold deposit near Red Lake, Ont., for Gold Canyon Resources, and the Rattlesnake Hills gold project for Evolving Gold. He is currently chairman and president of Novo Resources Corp., which he helped start in 2010.

"Quinton is the ideal person to direct our Fiji exploration activities in conjunction with Lion One managing director Stephen Mann, and VP, exploration, Darren Holden," said Lion One chairman and chief executive officer Walter Berukoff. "We're excited about him joining our team as we advance this project towards production. He clearly shares our thesis that Tuvatu is a gold system of similar potential scale to the world-class Vatukoula gold deposit 40 km away where seven million ounces of gold have been produced."

"I recently visited Walter Berukoff and his Fiji exploration team and I'm very excited to provide strategic technical advice to Lion One on Tuvatu," said Dr. Hennigh. "After completing my site visit and technical review I believe that Tuvatu has similarities not only to Vatukoula and other large alkaline systems in the South Pacific, but also to several multimillion oz alkaline gold systems I'm familiar with in North America. Given that only a very small volume of the overall system has been explored, I see excellent potential for growth at Tuvatu."

Dr. Hennigh holds a bachelor of science from the University of Missouri, and MSc and a PhD in geology and geochemistry from the Colorado School of Mines. He is a member of the Society of Economic Geologists, the Mining and Metallurgical Society of America and the Association of Professional Geoscientists of Ontario.

The company also announce it has granted a total of 3,285,000 stock options exercisable at a price of 75 cents and 100,000 stock options exercisable at a price of $1 for a period of five years from the date of grant to various advisors, directors, officers, employees and consultants.

About Tuvatu

The Tuvatu gold project is located 17 kilometres from the Nadi International Airport on the main island of Viti Levu in Fiji. Discovered in 1987, Tuvatu was advanced by previous owners through underground exploration and development from 1997 through to the completion of a feasibility study in 2000. Acquired by Lion One in 2011, the project has over 110,000 metres of drilling completed to date, and 1,600 metres of underground development. Tuvatu is a high-grade gold deposit associated with alkaline magmatism, located in the Navilawa Caldera, on the Viti Levu lineament, Fiji's gold corridor. In January, 2016, the Prime Minister of Fiji, V. Bainimarama, formally presented the Tuvatu mining lease to Lion One, concluding the permitting process for the development of an underground gold mine and processing plant at Tuvatu, demonstrating strong government support for Fiji's 85 year-old gold mining industry.

Qualified person

Stephen Mann, PGeo, managing director, is a qualified person as such term is defined in National Instrument 43-101, and has reviewed and approved the scientific and technical information included in this news release.

About Lion One Metals Ltd.

Lion One Metals is a Canadian exploration and development company focused on advancing its 100-per-cent-owned and fully permitted Tuvatu gold project toward production. Lion One envisions a low-cost, high-grade underground gold mining operation with district-scale exploration upside, located near the Nadi International Airport on the island of Viti Levu in the South Pacific island nation of Fiji.