South Orogrande IP Survey Delivers Coincident Resistivity Anomaly

305-1770 Burrard St. Vancouver, British Columbia V6J 3G7

T: (778) 772-1751/ W: https://goldlionresources.com/

GOLD LION RESOURCES INC.

NEWS RELEASE

South Orogrande IP Survey Delivers Coincident Resistivity Anomaly

Vancouver, British Columbia / August 6, 2020 – Gold Lion Resources Inc. (“ Gold Lion ” or the

“Company ”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce the results of a 2020 IP

survey conducted by SJ Geophysics of Delta, B.C., o n its South Orogrande gold-silver Property (“ South

Orogrande ” or the “ Property ”) located near Dixie, Idaho. The Property is under option from EMX Royalty

Corp. The results of the IP demonstrate a >2km long resistivity low (conductive) corridor which is

approximately coincident with a gold-in-soil anomaly on the Property’s X-Zone. The results demonstrate a

600-800 meter wide structurally-bound corridor in which the highest gold-in-soil values are contained. It is

interpreted that the corridor is underlain by gold- bearing veins and/or disseminated gold mineralizat ion

within the underlying intrusive rocks and will be a priority drill target during the 2020 drilling campaign

on the Property.

The Company previously submitted a Plan of Operations (POO) with the USDA Nez-Perce Forest Service

for permitting up to fifty (50) unique drill pad lo cations located along existing forest roads. Many o f the

drill pad locations in the permit application are ideally located for testing the new geophysical/geochemical

anomaly within the X-Zone.

The Company also recently completed a large soil (1 271 total soils) and rock sampling (84 total rocks)

program over the newly expanded South Orogrande project, which included the X-Zone as well as several

new blocks of claims covering numerous past-producing gold mines within the Dixie district. The Company

anticipates receiving the geochemical results within 3 to 4 weeks, at which time it will look to annou nce

plans for its Phase I drill program. The soil survey focused on extending the historic 600-800 meter wide

gold-in-soil anomaly at the X-Zone, which is curren tly four (4) kilometers in strike length, further t o the

south where both the geochemical and geophysical anomalies remain open.

Oliver Friesen, CEO of Gold Lion, stated: “We are very encouraged by the results of the 2020 IP survey at

the X-Zone. The results are strikingly coincident with the current gold-in-soil anomaly and have highlighted

a large conductive fault structure which we believe is likely the source of the anomalous gold. We loo k

forward to receiving the results of our 2020 soil a nd rock sampling over the new X-Zone

geophysical/structural anomaly and planning our maiden drill program on the project.”

Maps for the Project can be found on the Company’s website at the following URL:

https://goldlionresources.com/south-orogrande-ip-data/

Qualified Person

Agnes Koffyberg, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has

reviewed and approved the technical data in this news release.

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About Gold Lion Resources Inc.

Gold Lion Resources Inc. is a mineral exploration c ompany 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 Britis h Columbia. For more information please visit:

https://goldlionresources.com/.

ON BEHALF OF THE BOARD OF DIRECTORS

Oliver Friesen

CEO

T: +1 (778) 772-1751

The CSE and Information Service Provider have not r eviewed 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 r elease contains certain "forward-looking informatio n"

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 vari ety

of risks and uncertainties and other factors that c ould cause actual events or results to differ mater ially

from those anticipated in the forward-looking state ments including, but not limited to delays or

uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent i n

forward-looking information, including factors beyo nd 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 u ndertakes 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 rel iance on forward-looking statements. Additional

information identifying risks and uncertainties tha t could affect financial results is contained in th e

Company’s filings with Canadian securities regulators, which are available at www.sedar.com.