Gold Lion Provides Exploration Update on Robber Gulch
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 Provides Exploration Update on Robber Gulch
Vancouver, British Columbia / March 8, 2021 – Gold Lion Resources Inc. (“Gold Lion ” or the
“Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) wishes to provide an update on the exploration
activities currently underway on its Robber Gulch Property, near Burley, Idaho. Further to its news release
of February 10, 2021, the Company completed the first hole (RG-RC-21-02) of its 2021 Phase II RC drill
program and submitted all samples for geochemical analysis. Following completion of the first hole,
snowstorms and poor weather conditions lead to the Company’s decision to take a short hiatus for safety
and cost -efficiency reasons, to allow the snow to melt and the steep access roads to dry up prior to
commencing the second hole. The Company is pleased to announce that favourable weather conditions
have now returned and drilling operations hav e safely and efficiently resumed with the collaring of hole
RG-RC-21-03 on March 4, 2021.
The phase II drill program is designed to test the depth extent of oxide gold mineralization encountered in
trenches RG-TR-20-02 and RG-TR-20-03 within the newly discovered Raider Zone (see January 4, 2020
news release). The mineralization uncovered in the two trenches occurs within a gently dipping calcareous
sandstone unit which outcrops at surface. The thickness of the gold bearing unit will be tested by a fence
of up to 5 drill holes totaling 2,700 feet in length, across the mineralized unit.
The phase I and II drill programs are being carried out under a notice level permit with the United States
Bureau of Land Management (BLM). Soil and rock sampling by the Company indicates that the mineralized
unit continues south onto land administered by the United States Forest Service (USFS). Gold Lion has
begun the process of obtaining a permit to drill on the portion of the gold- in-soil anomaly lying on USFS
ground. The permit application is currently underway and aims to utilize an existing road for the placement
of drill pads, to minimize disturbance and potentially accelerate the permitting process.
Qualified Person
Agnes Koffyberg, P.Geo., is the Qualified Person as defined by National Instrument 43- 101 who has
reviewed and approved the scientific or technical information in this news release.
About Gold Lion Resources Inc.
Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its
precious metal focused portfolio including the South Orogrande, Erikson Ridge, Robber Gulch, Cuteye and
the Fairview Properties located in Idaho and British Columbia . For more information please visit:
https://goldlionresources.com/.
2
ON BEHALF OF THE BOARD OF DIRECTORS
Oliver Friesen
CEO
T: +1 (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 could 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 control. 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 obligation to update forward -looking
information if circumstances or management's estimates or opinions should change except as required by
law. The reader is cautione d not to place undue reliance on forward -looking statements. Additional
information identifying risks and uncertainties that could affect financial results is contained in the
Company’s filings with Canadian securities regulators, which are available at www.sedar.com.