LION ROCK Completes Phase 1 Drill Program at Volney Project, South Dakota
200 Burrard Street, Suite 1615, Vancouver, BC, V6C 3L6
LION ROCK COMPLETES PHASE 1 DRILL PROGRAM AT VOLNEY PROJECT,
SOUTH DAKOTA
Vancouver, British Columbia – January 22, 2026 – Lion Rock Resources Inc. (TSX-V: ROAR, FSE:
KGB, OTCQB: LRRIF) (the “Company”) is pleased to provide an update on its exploration activities at
the V olney Project, located in the historic Black Hills mining district of South Dakota, USA. Phase 1 of the
Company’s multi-phase exploration drill program at the V olney Project is now complete, following the
completion of 15 drill holes.
News Highlights
• Phase 1 Drilling Completed - 3,600 m across 15 drillholes : The Company completed
approximately 3,600 metres of diamond drilling in 15 drillholes targeting both interpreted gold -
bearing horizons and lithium -bearing pegmatites along the V olney trend, including areas near the
historic Giant V olney, Rusty, and Rough & Ready mines (Figure 1). Of the holes completed to
date, five have targeted lithium-bearing pegmatites, five have targeted gold-bearing structures, and
five have targeted both lithium and gold mineralization (Table 1). This program represents the first
modern drill testing along the V olney trend.
• Multiple Mineralized and Altered Shear Zones Successfully Intersected: Drilling has
encountered multiple sulphide-bearing shear intervals of various lengths with associated quartz
veining and silicification hosted in altered mafic volcanics and metasedimentary rocks . These
altered and mineralized horizons have been encountered throughout the entire drilled strike length
so far. Drill core displays similar characteristics with auriferous units previously mapped and
sampled at surface, where grab samples returned up to 14.0 g/t Au (see Lion Rock news release
dated May 28, 2025).
• Spodumene-bearing Pegmatite Intersected: Spodumene has been identified in multiple
pegmatite intercepts in the Giant V olney and Rough & Ready mine areas. Drillhole VOL25-009
intercepted two spodumene-bearing pegmatite zones from 48.3 to 76.9 m and from 103.5 to
120.3 m. These pegmatites occur near areas of previous surface sampling that returned up to 3.6%
Li2O and are consistent with mapped pegmatite system in the V olney target area (see Lion Rock
news release dated May 13, 2025). Cassiterite and tantalite have also been observed in drill core.
• Assays Pending: Core processing and sampling for the final drillholes is complete with samples
shipped to SGS in Denver , Colorado for analysis. Assay results will be reported as they become
available.
Dale Ginn, President and CEO of Lion Rock, stated “The successful completion of Phase 1 represents an
important milestone for the Volney Project. This inaugural program has efficiently tested a combination
of gold-bearing structures and lithium-bearing pegmatites, highlighting Volney’ s potential as a multi-
commodity system with relevance to both precious metals and critical minerals. While gold and lithium
were the primary targets of this program, the project also hosts historic tin production and is highly
prospective for tantalum. With core processing nearing completion and assays expected in the coming
200 Burrard Street, Suite 1615, Vancouver, BC, V6C 3L6
days and weeks, we look forward to finalizing and advancing an expanded Phase 2 drill program as
results are received and interpreted.”
Figure 1. Plan map showing completed drillholes as part of the Phase 1 drill program at the Volney
Project, South Dakota.
200 Burrard Street, Suite 1615, Vancouver, BC, V6C 3L6
Table 1. Drilling Completed to Date
Hole Number Target Length (m)
VOL25-001 Gold 402
VOL25-002 Gold 312
VOL25-003 Gold 153
VOL25-004 Lithium 141
VOL25-005 Lithium 19
VOL25-006 Gold 363
VOL25-007 Lithium 240
VOL25-008 Lithium 258
VOL25-009 Lithium & Gold 270
VOL25-010 Lithium & Gold
246
VOL25-011
Lithium & Gold
354
VOL25-012
Lithium & Gold
255
VOL25-013
Lithium & Gold
216
VOL25-014
Gold
173
VOL25-015
Lithium
216
About the Volney Project
The V olney property is a multi-commodity project strategically located in South Dakota’s Black Hills, a
historically rich and active mining region (Figure 2). The Homestake Mine in the Black Hills produced
more than 40 million ounces of gold, making it one of the most significant gold producers in North
American history.1 The V olney Project is home to the Giant V olney pegmatite, a 635 m long LCT (Lithium-
Cesium-Tantalum) pegmatite which remains untested at depth. The district continues to attract modern
exploration efforts, with companies such as Dakota Gold Corp. actively advancing projects within the Black
Hills. The project is accessible year -round and consists of private claims with surface and mineral rights,
which facilitates rapid permitting and project advancement.
1 James Norton, 1974, Gold in the Black Hills, South Dakota, and how new deposits might be found, USGS
Publications Warehouse
200 Burrard Street, Suite 1615, Vancouver, BC, V6C 3L6
Figure 2. Volney Project regional map in the Black Hills, South Dakota.
The technical content of this news release has been reviewed and approved by Carl Ginn, P .Geo., consultant
to the Company and a Qualified Person pursuant to National Instrument 43-101.
About Lion Rock Resources Inc.
Lion Rock Resources Inc. is a Canadian mineral exploration company committed to advancing high-grade
gold and lithium projects across North America. The Company’s flagship asset, the V olney Project, is
located in South Dakota’s Black Hills, a mining-friendly jurisdiction surrounded by active gold operations.
The Company is led by an award -winning team with a proven track record of mineral discoveries, project
development, and financing.
On Behalf of the Board
R. Dale Ginn, President & Chief Executive Officer
O: 604-678-5308
200 Burrard Street, Suite 1615, Vancouver, BC, V6C 3L6
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute “forward-looking information” within the meaning
of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words
such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, “potential”, “indicative”
and similar expressions. Forward -looking information involves known and unknown risks, uncertainties and other
factors that may cause actual results or events to di ffer materially from those anticipated in such forward -looking
information. Such forward-looking information is based on the current expectations of management of the Company.
The Company’ s actual results could differ materially from those anticipated in this forward-looking information as a
result of risks and uncertainties, including without limitation risks and uncertainties inherent in the exploration and
development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory
decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions,
changes to the Company’ s strategic growth plans, and other factors, many of which are beyond the control of the
Company. The Company believes that the expectations reflected in the forward -looking information are reasonable,
but no assurance can be given that these expectations will prove to be correct and such forward-looking information
should not be unduly relied upon. In mak ing the forward-looking statements in this press release, the Company has
applied several material assumptions. Any forward-looking information contained in this news release represents the
Company’ s expectations as of the date hereof and is subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward -looking information whether as a result of new information,
future events or otherwise, except as required by applicable securities legislation.