GOLD LION Announces Appointment of New Chief Financial Officer

GOLD LION RESOURCES INC.

NEWS RELEASE

GOLD LION ANNOUNCES APPOINTMENT

OF NEW CHIEF FINANCIAL OFFICER

Vancouver, British Columbia / January 27, 2023 – Gold Lion Resources Inc. (“Gold Lion” or the

“Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) announces that Steven Hong has resigned as the

Chief Financial Officer and a director of the Company effective January 25, 2023. Gold Lion would like

to thank Mr. Hong for his many contributions to the Company and wish him well with his future

endeavours. Mr. Steven Inglefield has been appointed as the Company's new Chief Financial Officer.

Mr. Inglefield has over 16 years of experience in building and scaling companies in both the private and

public sectors. As a serial entrepreneur and a skilled system and opera tions specialist, his guidance will

be a strong addition to the Gold Lion team.

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 Cuteye and Fairview Properties located in Idaho and

British Columbia. For more information please visit: https://goldlionresources.com/.

ON BEHALF OF THE BOARD OF DIRECTORS

Lawrence Hay, CEO

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 Statements

This news release contains “forward -looking information” within the meaning of applicable Canadian securities

legislation. Often, but not always, forward-looking information and information can be identified by the use of

words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does

not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results

“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Actual future results may differ

materially. In parti cular, this release contains forward -looking information relating to the Company's expected

benefits of the Transaction and opportunities which will arise from the acquisition of the Property. The forward-

looking information reflects management's current e xpectations based on information currently available and are

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subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in

the forward -looking information. Such risk factors may include, among others, b ut are not limited to: general

economic conditions in Canada and globally; industry conditions, including governmental regulation and

environmental regulation; the availability of capital on acceptable terms; the need to obtain required approvals from

regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies;

incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems;

changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and

dispositions; and the other factors. Although the Company believes that the assumptions and factors used in

preparing the forward-looking information are reasonable, undue rel iance should not be placed on such information

and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could

cause actual results or events to differ materially from current expectations include: (i) a dverse market conditions;

and (ii) other factors beyond the control of the Company. New risk factors emerge from time to time, and it is

impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all

factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual

results to differ from those contained in any forward -looking information. The forward-looking information

included in this news release are made as of the date of this news release and the Company expressly disclaims any

intention or obligation to update or revise any forward-looking information whether as a result of new information,

future events or otherwise, except as required by applicable law. Addi tional 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.

305-1770 Burrard St.

Vancouver, British Columbia

V6J 3G7

T: (604-687-2038)

W: https://goldlionresources.com/