Mr. Walter Berukoff reports

LION ONE FEEDER DRILL HOLE ENCOUNTERS SIGNIFICANT GOLD MINERALIZATION IN DIAMOND DRILL HOLE TUDDH500

Lion One Metals Ltd. has encountered visible gold in approximately one-centimetre-wide veins at a downhole depth of approximately 583 metres in diamond drill hole TUDDH500 at its 100-per-cent-controlled Tuvatu alkaline gold project, Fiji. Hole TUDDH500 is a west-oriented hole at an inclination of approximately 65 degrees and is designed to undercut the Tuvatu lode network in a position where these lodes are postulated to connect to form a possible feeder structure. A profound, deep-rooted controlled-source audio-frequency magnetotelluric gradient is evident in this area, providing technical support for this hypothesis.

A network of veins, each measuring a few millimetres up to two cm wide, has been intercepted, with some veins displaying coarse clots of visible gold, particularly those at a depth of approximately 583 metres. Drilling of this hole will continue to its planned termination at 1,000 metres once it has passed across the entire feeder target. Core drilled to date is currently being logged and will soon be sawed, sampled and assayed. Lion One will release more information on this important hole as it becomes available.

Qualified person

The scientific and technical content of this news release has been reviewed, prepared and approved by Stephen Mann, PGeo, managing director of Lion One, a qualified person pursuant to National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Tuvatu

The Tuvatu gold deposit is located on the island of Viti Levu, Fiji. The mineral resource for Tuvatu, as disclosed in the technical report titled "Tuvatu Gold Project PEA," dated June 1, 2015, and prepared by Mining Associates Pty. Ltd. of Brisbane, comprises 1.12 million tonnes indicated at 8.17 grams per tonne gold (294,000 ounces Au) and 1.3 million tonnes inferred at 10.6 g/t Au (445,000 ounces Au) at a cut-off grade of three g/t Au.

About Lion One Metals Ltd.

Lion One's flagship asset is the 100-per-cent-owned, fully permitted, high-grade Tuvatu alkaline gold project, located on the island of Viti Levu, Fiji.

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