Gold Lion Options the South Orogrande, Robber Gulch, and Erikson Ridge Gold Projects in Idaho from EMX Royalty - Seite 4

In addition, Gold Lion will make milestone payments for a given Project to EMX consisting of:

• 300 ounces of gold upon completion of a preliminary Economic Assessment,
• 550 ounces of gold upon completion of a Pre-Feasibility Study, and
• 650 ounces of gold upon completion of a Feasibility Study.

Gold Lion may elect to make any such milestone payments in cash or in kind as refined bullion.

¹Adjacent Properties - This news release contains information about adjacent properties on which Gold Lion does not have the right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

²Historical information contained in this news release cannot be relied upon as the Company’s Qualified Person, as defined under NI 43-101, has not prepared nor verified the historical information.

³A Qualified Person has not performed sufficient work to classify the historic mineral resource estimate as a current mineral resource estimate, and Gold Lion is not treating the estimate as a current NI 43-101 compliant mineral resource. The historic estimate should not be relied upon until it can be confirmed. Additional work to verify or upgrade the historical estimate as current mineral resource would include a) checking assaying of historic assay results, b) confirmation drilling, and c) reviewing/updating of the geologic interpretation.

Qualified Person

Agnes Koffyberg, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the technical data in this news release.

About Gold Lion Resources Inc.

Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its property portfolio including the Cuteye Group of Properties and the Fairview Property. The Cuteye Group of Properties includes the Mister Jay (2,373 hectares), Lady Jane (242 hectares), Lama (69 hectares) and Missus Jay (468 hectares) claim blocks covering 12 mineral showings in B.C.'s Golden Triangle, roughly 25 kilometres southwest of Glenora, B.C. The Fairview Property is a 2574-hectare mineral property located in the Kamloops Mining District of British Columbia. For more information please visit: https://goldlionresources.com/.