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Gold Lion Resources Inc
Symbol GL
Shares Issued 83,616,486
Close 2023-06-21 C$ 0.06
Market Cap C$ 5,016,989
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Gold Lion identifies targets at Mia-3

2023-06-21 12:18 ET - News Release

Mr. Mark Haywood reports

GOLD LION ANNOUNCES MIA-3 LITHIUM PROJECT TARGET PRIORIZATION

Gold Lion Resources Inc. has completed its initial fieldwork target prioritization work on the Mia-3 lithium project located in Eeyou Istchee, James Bay, Quebec.

"Gold Lion is excited about the upcoming fieldwork after completing a tight focus review of surface features from the historical data, as well as the results of the recent technical report," said Mark Haywood, chief executive officer of the company. "Forest fire risk remains high in the region and our crew will begin work as soon as conditions are safe."

The company has completed satellite imagery tight focus review of surface exposures, with selection of prominent reflective linears characteristic of the positive topographic relief of pegmatite exposures in the region. These selected linears across the property provide initial vectors for Gold Lion's crew to be examine for lithium-bearing minerals such as spodumene and lepidolite, and sample for lithium and general chemistry related to lithium-cesium-tantalum (LCT) pegmatites common to the James Bay region.

The Mia-3 project is located 14 kilometres to the northwest of the Miakadow Lake lithium pegmatite occurrence (now named Mia-1). Both are within the within the La Grande geological subprovince. These pegmatites were documented in 1991 by Noranda Exploration while exploring for gold and base metals. Later exploration in the Miakadow Lake area by Ressources Dianor Inc. (1999) describes a felsic pluton, and a series of coarsely pegmatitic dikes related to the Vieux-Comptoir granites which intrude the La Grande, and are seen along the south and southwest shores of Miakadow Lake. The Vieux-Comptoir granitic rocks intrude multiple lithologies in the La Grande subprovince and are a key exploration vector which Gold Lion will investigate during this initial field program.

Geologica Groupe-Conseil recently completed a property technical report dated May 5, 2023, entitled "NI 43-101 Technical Evaluation Report of the Mia Li-3 Lithium Project." The report is filed under the company's profile on SEDAR. Geologica will be updating this report with results from its site visit, as well as providing the first full coverage map for the property from new information.

About Gold Lion Resources Inc.

Gold Lion Resources is a mineral exploration company actively involved in the exploration of the Mia-3 lithium property located in the James Bay region of Quebec.

Qualified person

William McGuinty, PGeo, a consultant to the company, is a registered professional geologist with the Ordre des Geologues du Quebec and qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. McGuinty has reviewed the technical information in this news release.

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