Gold Lion Enters into Agreements to Acquire the Cuteye Group of Properties
305-1770 Burrard St. Vancouver, British Columbia V6J 3G7
T: (778) 772-1751/ W: https://goldlionresources.com/
GOLD LION RESOURCES INC.
NEWS RELEASE
Gold Lion Enters into Agreements to Acquire the Cuteye Group of Properties
Vancouver, British Columbia / January 13 th , 2020 – Gold Lion Resources Inc. (“ Gold Lion ” or the
“Company ”) ( CSE: GL) (FWB: 2BC) is pleased to announce it has entered into an acqu isition
agreement and an amalgamation agreement (collective ly, the “ Agreements ”) with a private British
Columbia numbered company (“ Numberco ”) pursuant to which Gold Lion will acquire the Cut eye
Group of Properties (the “ Property ”). Under the Agreements, Gold Lion and Numberco wi ll complete a
“three-cornered amalgamation” pursuant to which Gol d Lion will issue an aggregate of 6,000,000 Gold
Lion common shares to the shareholders of Numberco, and Numberco will amalgamate with Gold Lion’s
wholly-owned subsidiary that was recently formed fo r this transaction. No finders fees are payable in
connection with the transaction.
About the Cuteye Group of Properties
The Property includes the Mister Jay (2373 ha), Lad y Jane (242 ha), Lama (69 ha), and Missus Jay (468
ha) claim blocks covering twelve mineral showings in BC’s Golden Triangle, roughly 25km southwest of
Glenora, British Columbia. The Property is underlai n by Upper Triassic Stuhini Group volcanic and
sedimentary rocks which are locally intruded by Lat e Triassic-Early Jurassic stocks and dykes. Multipl e
gold-silver-copper-lead-zinc showings have been discovered on the Property dating back to 1914, which
have received little to no follow-up and no modern-day exploration.
Highlights
Historic rock sampling values ranging up to 11.3g/t Au (9 samples >1g/t Au), 347g/t Ag (18
samples >30g/t Ag), 7.9% Cu (20 samples >1% Cu), 5% Pb (6 samples >1% Pb), and 5% Zn (7
samples >1% Zn).1
Historic soil samples on the Lady Jane block returned up to 1.7g/t Au (6 samples > 100ppb Au).1
Historic heavy mineral sampling of streams within the Property returned values up to 11 g/t Au. 1
QUEST-Northwest magnetic survey completed by Geosci ence BC in 2011 identified a roughly
25km long northeast-southwest oriented magnetic lin eament which is contiguous with the
location and trend of the historic showings.
Property lies less than 15km from a service road.
Gold Lion is planning a 2020 exploration program which will involve detailed mapping, prospecting and
soil sampling over prospective targets on the Property including along the linear magnetic anomaly.
All sampling, geology, and geophysics maps for the Property can be found on the Company’s website at
the following URL:
2
https://goldlionresources.com/cuteye-properties/
Oliver Friesen, a Director of Gold Lion, stated: “The acquisition of the Cuteye Group of Properties gives
us great exposure to BC’s prolific Golden Triangle, while growing our portfolio of quality base and
precious metal projects. The Property boasts encourag ing rock and soil sampling results that have
received very little modern-day exploration which we will look to follow up on during the 2020 field
season.”
1Historical 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.
Qualified Person
Agnes Koffyberg, P.Geo., is the Qualified Person as define d 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 the
Fairview Copper-Silver-Zinc Property. 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/.
ON BEHALF OF THE BOARD OF DIRECTORS
Oliver Friesen
Director
T: (778) 772-1751
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the
accuracy or adequacy of this release.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information"
within the meaning of applicable securities law. Forward-looking information is frequently characterized
by words such as "plan", "expect", "project", "intend", " believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking
statements are based on the opinions and estimates at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that coul d cause actual events or results to differ
materially from those anticipated in the forward-looking statements including, but not limited to delays or
uncertainties with regulatory approvals, including that of the CSE . There are uncertainties inherent in
forward-looking information, including factors beyond the Company’s cont rol. There are no assurances
that the business plans for Gold Lion Resources described in this news release will come into effect on the
terms or time frame described herein. The Company undertakes no obl igation to update forward-looking
information if circumstances or management's estimates or opinions should change except as required by
law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional
information identifying risks and uncertainties that could affect fi nancial results is contained in the
Company’s filings with Canadian securities regulators, which are available at www.sedar.com.