Northern Lion Advises of Extension for Filing Annual Statements

NEWS RELEASE

NORTHERN LION ADVISES OF EXTENSION FOR FILING ANNUAL STATEMENTS

April 24, 2020 TSX-V Symbol: NL Frankfurt Symbol: N3E

Vancouver, British Columbia: Northern Lion Gold Corp. (the “Company”) announces that it will not be in a position to file its audited annual financial statements for the fiscal year ended December 31, 2019 and the related management's discussion and analysis, as required by Parts 4 and 5 of National Instrument 51- 102: Continuous Disclosure Obligations, and corresponding officer certifications under National Instrument 52-109: Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the "Annual Filings") by the filing deadline of April 29, 2020.

This news release is being issued in accordance with the blanket relief of a 45-day extension, provided by Canadian Securities Administrators and BC Instrument 51-515: Temporary Exemption from Certain Corporate Finance Requirements, for periodic filings normally required to be made by issuers during the period from March 23, 2020 to June 1, 2020.

As a result of recent declarations from Canadian health authorities and the challenges resulting from the COVID-19 pandemic, the Company's personnel as well as its auditor's staff have been working remotely making the coordination of tasks and work product more difficult and resulting in delays in completing audit procedures and a slowing of the entire audit process. As a result, the finalization and filing of the Annual Filings is delayed. However, the Company is working expeditiously to meet the Company's obligations relating to the filing of the Annual Filings and, at present, anticipates being able to complete the Annual Filings by May 15, 2020.

The Company confirms that its management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207: Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, such that they are in a black-out period until the end of the second trading day after the Annual Filings have been filed.

In March, 2020, the Company extended the deadline for making the final option payment of $37,000 to acquire a 100% interest in the Riverside property consisting of three mineral claims totalling 491.6 hectares in the Kamloops Mining Division of British Columbia as follows:

1. an upfront payment of $3,500 (paid); and

2. the remaining $33,500 on or before March 4, 2021.

Save as aforesaid, there have no material business developments in the Company since September 30, 2019, being the date of the last interim financial reports filed by the Company.

NORTHERN LION GOLD CORP.

Luke Norman, President

For further information regarding Northern Lion or the contents of this news release, please contact Luke Norman at (604) 512-3224.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

This news release contains "forward-looking information" as such term is defined under applicable securities legislation. Forward-looking information includes, but is not limited to, the anticipated date of filing of the Company’s Annual Filings. Such information reflects management's current estimates, beliefs, intentions and expectations; it is not a guarantee of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to the ability of the Company to obtain additional financing; the Company's limited operating history; market conditions; fluctuating prices of commodities; results of exploration, operating hazards and risks; competition; and other risks and uncertainties including those related to COVID-19 and the potentially negative effects thereof on the Company's workforce, its supply chain and ability to secure contractors or services. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and, except as required by law, the Company is under no obligation to update or alter any forward-looking information.