Mr. Stephen Goodman reports

LION COPPER AND GOLD CORP. UPDATES WARRANT PRICING IN CONNECTION WITH CLOSED US$2 MILLION CONVERTIBLE DEBENTURE FINANCING

With the closing of the financing Lion Copper and Gold Corp. will issue a total of 29,850,738 warrants (16,044,774 warrants are being issued in connection with the first tranche of the financing and 13,805,964 warrants are being issued in connection with the second and final tranche of the financing) exercisable at a price of 6.7 U.S. cents (8.5 cents) per share for a period of 20 months. This updates the previous news releases dated June 23, 2022, and July 11, 2022.

About Lion Copper and Gold Corp.

Lion Copper and Gold is a Canadian-based company advancing its flagship MacArthur copper project in Mason Valley, Nevada, in addition to advancing its exploration projects, including the Chaco Bear and Ashton properties in highly prospective regions in British Columbia, Canada, and the Blue Copper prospect in Montana, United States.