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GOLD LION Announces Appointment of Shidan Gouran to Board of Directors

Management Changes

NEWS RELEASE

GOLD LION ANNOUNCES APPOINTMENT OF SHIDAN GOURAN TO BOARD OF DIRECTORS

Vancouver, British Columbia / March 17, 2022 – Gold Lion Resources Inc. (“Gold Lion” or the “Company”)

(CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce the appointment of Mr. Shidan Gouran to its

board of directors . Mr. Gouran is the founder of Gulf Pearl, a private merchant bank that has provided

advisory services to ventures in the mineral processing, natural capital, cleantech and e -waste mining

industries.

He was one of the earliest investors in the blockchain sector and a serial entrepreneur who cofounded

ventures in the telecommunications, consumer electronics and esports industries, including:

• Nuovotel, the first Canadian CLEC to offer wholesale VoIP services in Canada;

• Jazinga, the developers of the only Skype approved business communications solution sold

through the official Skype Shop, prior to Microsoft's acquisition of Skype;

• Home Jinni, the developers of a Smart TV solution that powered the majority of first -generation

Android Smart TVs; and

• Gamesquare, a gaming venture which is now one of the leading Canadian public companies in the

esports sector.

Mr. Gouran studied Pure Mathematics and Theoretical Physics at the University of Western Ontario

The Company also announces that Mr. Christopher Paul has resigned as Chief Executive Officer and

Corporate Secretary and Mr. Oliver Friesen has resigned as a director effective immediately. Gold Lion

would like to thank Messrs. Paul and Friesen for their contributions to the Company and wishes them well

with their future endeavors. Mr. Borzoo Zare will assume the role of interim Chief Executive Officer and

Corporate Secretary while the Company seeks a suitable replacement.

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/.

ON BEHALF OF THE BOARD OF DIRECTORS

Borzoo Zare, interim Chief Executive Officer

T: 604-687-2038

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 "f orward-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 cautioned 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.