Mr. Walter Berukoff reports

LION ONE ANNOUNCES RESULTS OF ANNUAL AND SPECIAL GENERAL MEETING

Lion One Metals Ltd. has released results of the company's annual and special general meeting of shareholders held on Dec. 14, 2023.

At the meeting, the number of directors of the company was set at four with the following directors re-elected at the meeting: Walter Berukoff, Richard Meli, Kevin Puil and David Tretbar. In addition, shareholders of the company approved the company's omnibus equity incentive compensation plan as described in the management information circular dated Nov. 1, 2023, as well as the reappointment of Davidson & Company LLP, chartered professional accountants, as the auditor of the company for the ensuing fiscal year.

About Lion One Metals Ltd.

Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver, B.C., focused on advancing its flagship 100-per-cent-owned Tuvatu alkaline gold project in Fiji. Gold production at Tuvatu was established in late 2023 following construction of the company's 300 tpd (tonne-per-day) pilot plant. 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 licence covering the entire Navilawa caldera, which is host to multiple mineralized zones and highly prospective exploration targets. Lion One Metals is operated by a team of mining professionals with extensive international mine-building and operational experience.

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