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Lion One Metals Announces AGM Results

North Vancouver, British Columbia – (Newsfile Corp. – December 23, 2021) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce the results of its Annual General Meeting (“AGM“), held on December 16, 2021. According to the report of the meeting scrutineers, 128 shareholders were represented at the meeting, in person or by proxy, representing 39,544,470 ordinary shares or 25.29% of the 156,371,893 shares ordinary in circulation on October 27, 2021 date of registration of the Meeting.

All of the resolutions presented to shareholders were approved with more than 95% of the votes cast in favor of each resolution (see the filing on SEDAR of the Company’s Information Circular, dated November 2, 2021). As a result,

  • Davidson & Company LLP has been reappointed as auditor of the Company
  • The number of directors was set at four and the following candidates were elected directors: Walter Berukoff, Richard Meli, Kevin Puil and David Tretbar
  • The company’s stock option plan has been re-approved

Following the AGM, management gave a brief overview of the Company’s plans for the development of the Tuvatu gold processing plant in Fiji, including the award of the design and procurement work. The Company expects to provide additional information on its development plans in early 2022 as well as other drilling results from its ongoing exploration programs.

The circular is available on the Company’s website at and under the Lion One profile on SEDAR at

About Lion One Metals Limited

Lion One’s flagship asset is 100% owned, fully licensed, Tuvatu High Grade Alkaline Gold Project, located on Viti Levu Island in Fiji. Lion One envisions low-cost, high-grade underground gold mining at Tuvatu, coupled with exciting exploration inside its buildings spanning the entire Navilawa Caldera, an under-explored but very promising 7 km alkaline gold system of diameter. Lion One CEO Walter Berukoff leads an experienced team of mine explorers and builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion and La Mancha Resources, Walter is credited with creating more than $ 3 billion in shareholder value.

On behalf of the board of directors of
Lion One Metals Limited
Walter berukoff
President and CEO

Investor Relations
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Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This press release may contain statements that may be considered “forward-looking statements” within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, included in this document are forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget” , “Foreseen”, “considers”, “foresees”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions, or by the use of words or phrases which state that certain actions, events or results may, could, would or could occur or be achieved. This forward-looking information reflects the current beliefs of Lion One Metals Limited and is based on information currently available to Lion One Metals Limited and on assumptions that Lion One Metals Limited believes to be reasonable. These assumptions include, but are not limited to, actual results of exploration projects equal to or better than results estimated in technical reports, appraisal reports and other geological reports or previous exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be significantly different from those expressed or implied by this forward-looking information. – seeking information. These risks and other factors may include, but are not limited to: the stage of development of Lion One Metals Limited; general business, economic, competitive, political and social uncertainties; the actual results of ongoing research and development or operational activities; competetion; uncertainty over patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing the potential benefits of technology; conclusions of economic evaluations; and the lack of skilled and skilled labor or the loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors which could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated or planned. Therefore, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update forward-looking information except in accordance with applicable securities laws.