Mr. Todd Romaine reports

LION ONE APPOINTS IAN BERZINS AS PRESIDENT, CEO AND DIRECTOR

Lion One Metals Ltd. has reappointed Ian Berzins as president and chief executive officer of the company, effective immediately. In addition to his executive leadership role, Mr. Berzins has been appointed to the company's board of directors.

Mr. Berzins previously served as CEO of the company from January, 2025, to late December, 2025, and delivered the most productive period of the company's history from July to December, 2025. Under Mr. Berzins's leadership, mining operations steadily improved throughout 2025, with capital development rates more than doubling from 315 metres (m) in Q1 (first quarter) 2025 to 643 m in Q4 (fourth quarter) 2025. Production rates also increased substantially throughout 2025 culminating in the record gold production achieved in Q4 2025, during which time 4,383 ounces (oz) of gold was produced at a head grade of 5.4 grams per tonne (g/t) gold. The reappointment of Mr. Berzins as CEO of the company is part of a strategic move to restore strong operations at Tuvatu and to drive gold production back up to the historic highs achieved in the second half of 2025.

Focus on production

With Mr. Berzins returning as president and CEO of Lion One, the company is refocusing its efforts on operational optimization and production turnaround following the weak production rates observed from January to March, 2026. The immediate priority for the company is to reclaim and exceed the record-setting gold production achieved in the latter half of 2025. Mr. Berzins has a deep familiarity with the Tuvatu mine, its work force and the local regulatory environment in Fiji, thereby ensuring a seamless transition and rapid recovery of operational performance at Tuvatu.

Todd Romaine, chairman of Lion One, stated: "On behalf of the board of directors, I would like to welcome Mr. Ian Berzins back as the president and CEO of Lion One Metals. Ian is intimately familiar with the Tuvatu operations, has a proven history of increasing gold production at the mine, and has a wealth of technical knowledge and expertise on narrow vein gold mining in Fiji and around the world. We're excited to have Ian back and we look forward to the months ahead as we return to and exceed the level of production achieved at the end of 2025."

Mr. Berzins is a veteran mining executive with over 35 years of experience in the surface and underground mining of gold, oil sands, copper and coal. He holds a BSc in mining engineering from Queen's University and has earned his ICD.D certification from the Institute of Corporate Directors.

Throughout his career, Mr. Berzins has successfully led operations, mine engineering and finance initiatives for several deep underground narrow-vein gold mines across Canada. His past leadership roles include executive positions at the Con mine (Northwest Territories), Lupin mine (Nunavut), Rice Lake mine (Manitoba) and Mount Milligan (British Columbia). He has a proven record of managing complex operations in remote environments, implementing strict safety cultures and successfully raising capital in challenging financial markets.

About Lion One Metals Ltd.

Lion One is an emerging Canadian gold producer headquartered in North Vancouver, B.C., with new operations established in late 2023 at its 100-per-cent-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 licence covering the entire Navilawa caldera, which is host to multiple mineralized zones and highly prospective exploration targets.

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