Lion One Metals Limited Reports Significant New High-Grade Gold Results from 2,701.4 Meters of Underground Infill and Grade Control Drilling at its 100% Owned Tuvatu Alkaline Gold Project in Fiji

Published: 2025-05-12 08:36:00 ET LIO.V

Published on 05/12/2025 at 08:36, updated on 05/12/2025 at 09:50

Lion One Metals Limited reported significant new high-grade gold results from 2,701.4 meters of underground infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji ("Tuvatu"). The drilling is focused on the Ura lode system which is currently being mined. There are two primary targets for the Ura drilling reported in this release: the planned Ura shrinkage stope in development at the top of the Ura system, and the down-dip extension of the Ura lodes below current underground workings.

The Ura lode system is currently being mined from both the 1095 and 1116 levels of the mine. A shrinkage stope is being developed between the 1116 and 1156 levels of the mine. This shrinkage stope is scheduled for mining within the next three months and will be mined over a strike length of approximately 80 m, with narrow mining widths of approximately 1.5 m. High-grade gold drill results were returned up to 90 m below the current underground workings, indicating the potential for at least 4 to 5 additional levels of mining below the current underground workings, most of which is outside the current resource.

The system is a prime target for resource expansion and upgrade. Highlights of New Drill Results: 54.16 g/t Au over 1.9 m, (including 156.55 g/t Au over 0.6 m) (TGC-0398, from 90.2 m depth), 16.64 g/t Au over 3.2 m, (including 39.87 g/t Au over1.2 m) (TGC- 0403, from 74.0 m depth), 23.78 g/t Au over 1.,8 m, (including 39.73 g/t Au over 0.,4 m) (TGC-1 m) (TGC-2398, from 93.7 m depth), 20.02 g/t Au over 1". Ura Lode System.

The Ura down-dip drill program is targeting a 12.5 m drill hole density to bring these additional levels of mineralization into the resource and into the mine plan this year. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Such risks and other factors may include, but are not limited To: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in the Ura lode system; and other factors may include: The Ura down-dIP drill program is targeting a 12.,5 m drill hole density to bringing these additional levels of mineralization in the resource and into the mine plans this year.

These assumptions includes, but are not limited to: the stage development of Lion one Metals Limited, general business. economic, competitive, political and Social uncertainties; the actual results of currently research and development or operational activities, competition; uncertainty as to patent application and intellectual property rights; product liabilities and lack of insurance; delay and failure to receive board or regulatory approval; changes to the Ura lode system.