Mr. Walter Berukoff reports

LION ONE ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS

Lion One Metals Ltd.'s Kevin Puil has stepped down from the company's board of directors. The company has appointed Casey Spreeuw to its board of directors, effective today.

Walter Berukoff, chairman of Lion One's board of directors and president of the company, commented: "On behalf of the board and the company's management team, we wish to thank Mr. Puil for his service and contributions to the company since 2013. We wish him all the best in his future endeavours and we welcome Casey Spreeuw to the Lion One board."

Mr. Spreeuw is a chartered professional accountant with over 35 years of experience in business accounting and the securities industry. From 1989 to 2001, he was a financial and business operations compliance examiner with the Vancouver Stock Exchange, becoming the chief examiner before transitioning to the Investment Dealers Association of Canada. From 2001 to 2006, he was based in Amsterdam as manager of accounting with Unsworth & Associates BV, which provided corporate and directorship services to Canadian and international corporate clients. Returning to Canada, he remained active in the securities industry as chief financial officer of Sora Group Wealth Advisors Inc., Jordan Capital Markets Inc. and GF Securities (Canada) Company Ltd., and most recently Vered Wealth Management (Canada) Company Ltd. He continues to work with the Red Lion Group of companies as its accountant.

He holds a bachelor of commerce degree in accounting from the University of British Columbia and a diploma of technology in computer systems from the British Columbia Institute of Technology, and earned his chartered accountant (CA) designation in 1989.

About Lion One Metals Ltd.

Lion One Metals 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 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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