Mr. Dale Ginn reports

LION ROCK RESOURCES ADOPTS NEW LONG-TERM INCENTIVE PLAN

At Lion Rock Resources Inc.'s annual general meeting held on June 24, 2025, shareholders approved and adopted a long-term incentive plan (the LTIP). The LTIP is a combined rolling and fixed security-based compensation plan (as that term is defined in TSX Venture Exchange Policy 4.4) pursuant to which: (i) the aggregate number of common shares reserved for issuance pursuant to stock options granted thereunder may not exceed, at the time of grant, in aggregate 10 per cent of the company's issued and outstanding common shares, and (ii) the aggregate number of common shares reserved for issuance pursuant to all other equity incentive awards granted under the LTIP, which include performance share units, restricted share units and deferred share units, cannot exceed 7,787,268 common shares.

The LTIP is subject to the final acceptance of the TSX Venture Exchange.

About Lion Rock Resources Inc.

Lion Rock Resources is a Canadian mineral exploration company committed to advancing high-grade gold and lithium projects across North America. The company's flagship asset, the Volney project, is located in South Dakota's Black Hills, a mining-friendly jurisdiction surrounded by active gold operations. The company is led by an award-winning team with a proven record of mineral discoveries, project development and financing.

We seek Safe Harbor.