LION ROCK Drilling Update FOR High-Grade GOLD-Lithium Project at Volney, South Dakota
200 Burrard Street, Suite 1615, Vancouver, BC, V6C 3L6
LION ROCK DRILLING UPDATE FOR HIGH-GRADE GOLD-LITHIUM PROJECT
AT VOLNEY, SOUTH DAKOTA
Vancouver, British Columbia – December 2, 2025 – Lion Rock Resources Inc. (TSX-V: ROAR, FSE:
KGB, OTCQB: LRRIF) (the “Company ”) is pleased to provide an update on its inaugural drill program
at Volney in the historic Black Hills mining district of South Dakota, USA. Volney has historically produced
high-grade gold, lithium, and tin.
Following the completion of a $5.3 million financing in Q3 2025, Lion Rock is well funded to advance its
multi-phase exploration and drilling program at the Volney Project (see Lion Rock news release dated
September 15, 2025).
News Highlights
• Mineralized and Altered Shear Zones Successfully In tersected: Drilling has encountered
sulphide-bearing shear intervals with associated quartz veining and silicification hosted in altered
rocks. Of note, drill core displays similar characteristic s to mapping and surface sampling,
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 Volney 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 (Figure 2). Of note, these pegmatites occur near areas of previ ous surface sampling that
returned up to 3.6% Li 2O and are consistent with mapped pegmatite system in the Volney target
area (see Lion Rock news release dated May 13, 2025).
• Ten Drillholes Completed – 2,400 m drilled: The Company has completed approximately 2,400
m across ten drillholes targeting both interpreted gold-bearing horizons and lithium-bearing
pegmatites near the historic Giant Volney Mine, Rus ty Mine, and Rough & Ready mine areas
(Figure 1 ). Of the holes completed to date, six have targeted lithium-bearing pegmatites and four
have targeted gold-bearing structures (Table 1 ). This represents the first modern drill testing along
the Volney trend.
• Assays Pending: Core from the completed drillholes is currently being logged and sampled, and
shipments to SGS in Denver have begun for analysis. Assay results will be reported as they become
available.
Dale Ginn, President and CEO of Lion Rock, stated “The Volney drill program is proceeding at a strong,
steady pace and we are highly encouraged by the geo logical features observed to date in the drill core .
While assays are pending, I can state that we have multiple holes intersecting sulphide mineralization ,
shearing, veining and strong alteration in the areas we projected, based on high-grade gold mineralization
documented at surface.
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Likewise, all six drillholes targeting pegmatites have encountered spodumene-bearing zones, which have
the potential to host high-grade lithium. Drilling is ongoing and we look forward to sharing a significant
number of assays in the coming weeks.”
Figure 1. Plan map showing completed drillholes as part of the ongoing drill program at the Volney
Project, South Dakota.
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Figure 2. Cross section looking northwest of drillhole VOL25-009 showing projected spodumene
pegmatite with surface mapping and sampling.
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Table 1. Drilling Completed to Date
Hole Number Target Northing (m) Easting (m) Elevation (m) Azimuth Dip Length (m)
VOL25-001 Gold 4914064 575579 1787 60 -45 402
VOL25-002 Gold 4914024 575714 1810 50 -45 312
VOL25-003 Gold 4914024 575715 1810 80 -45 153
VOL25-004 Lithium 4914142 575732 1818 60 -50 141
VOL25-005 Lithium 4914142 575732 1818 75 -50 19
VOL25-006 Gold 4914141 575728 1818 240 -45 363
VOL25-007 Lithium 4914107 575755 1819 60 -45 240
VOL25-008 Lithium 4914202 575714 1818 60 -45 258
VOL25-009 Lithium 4914295 575628 1828 30 -45 270
VOL25-010 Lithium 4914295 575628 1828 60 -45 240
About the Volney Project
The Volney property is a multi-commodity project strategically located in South Dakota’s Black Hills, a
historically rich and active mining region ( Figure 3). 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 Volney Project is home to the Giant Volney pegmatite, a 635 m long LCT (Lithium-
Cesium-Tantalum) pegmatite which remains untested a t 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
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Figure 3. 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 Volney 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”, “i ndicative”
and similar expressions. Forward-looking informatio n involves known and unknown risks, uncertainties a nd other
factors that may cause actual results or events to differ materially from those anticipated in such fo rward-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 withou t limitation risks and uncertainties inherent in th e 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 co nditions,
changes to the Company’s strategic growth plans, an d other factors, many of which are beyond the contr ol 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 making the for ward-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 dis claims any
intention or obligation to update or revise any for ward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable securities legislation.