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File: NRJUL10.docx



LIONS BAY FILES EARLY WARNING REPORT PURSUANT 
TO NATIONAL INSTRUMENT 62-103

Vancouver, BC, July 10, 2018 - Lions Bay Capital Inc. (TSX-V: LBI) ("Lions Bay").  This press release is being dissemi
--->nated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Report
--->ing Issues in connection with the acquisition of securities of Montan Mining Corp. by Lions Bay Capital Inc. (the "Acq
--->uiror").  

The Acquiror announces that on or about July 6, 2018 Montan Mining Corp. ("Montan") issued to the Aquiror 19,833,148 c
--->oomon shares at a deemed price of $0.05 per share pursuant to a shares for debt transaction.  The Acquiror also acquir
--->ed a further 7,880,000 shares of Montan pursuant to a private placement of units at a price of $0.05 pur unit, each un
--->it consisting of one share and one share purchase warrant each exercisable at $0.06 for one year (the "Warrants").  

The 27,713,148 common shares acquired by the Aquiror pursuant to the shares for debt transaction and the private place
--->ment constitutes 45.33% of the issued capital of Montan and, assuming exercise of the Warrants, the Acquiror would hol
--->d 35,543,148 shares constituting 51.57% of the then issued capital of Montan.  

The Acquiror acquired the Securities for investment purposes and may, depending on market and other conditions, increa
--->se, decrease or change the beneficial ownership over the Common Shaeres or other securities of Montan through market t
--->ransactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.  

A copy of the Early Warning Report filed under applicable securities laws is available under Montan's profile on SEDAR
---> (www.sedar.com).  A copy of such report may also be obtained by contacting the Aquiror.

On behalf of the Board of Lions Bay.

John Byrne
Director
Tel: +61 3 9236 2800
Email: jbyrne@lionsbaycapital.com 
 
 
For more information, please visit the corporate website at www.lionsbaycapital.com or contact:

Investor Contact:
John Byrne      Bahay Ozcakmak
Director      Director 
Tel: +61 3 9236 2800     +61 3 9236 2800
Email: jbyrne@lionsbaycapital.com    bahay@lionsbaycapital.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE 
--->TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.