LION One Announces Issuance of Stock Options

311 West 1st Street, North Vancouver, BC, V7M 1B5

d: 604.998.1250 f: 604.998.1253 e: [email protected] web: www.liononemetals.com

LION ONE ANNOUNCES ISSUANCE OF STOCK OPTIONS

North Vancouver, B.C., January 26, 2018 Lion One Metals Limited (TSX-V: LIO ) (ASX: LLO)

(OTCQX: LOMLF) (FSE: LY1), (“Lion One” or the “Company”) announces, pursuant to the Company’s 10%

rolling stock option plan, it has granted incentive stock options to various employees and officers of the

Company, for the purchase of 1,000,000 common shares of the Company. The options each have an

exercise price of $1.00, are exercisable for a period of five years, and will vest over a three year period

from the date of grant. The grant of options is subject to acceptance by the TSX Venture Exchange.

About Lion One

Lion One Metals Limited is focused on the advancement of its 100% owned and fully permitted high

grade Tuvatu Gold Project in Fiji. The Company is led by Walter Berukoff, an entrepreneur with a

successful track in various industries including real estate, finance, and mine development. As the

founder and original CEO of subsequently acquired companies such as Miramar Mining, Northern Orion

Resources, and La Mancha Resources, Mr. Berukoff has developed and operated over twenty mines in

seven countries, and is credited for creating over $3 billion in shareholder value.

For more information on the Company and its projects please visit the Company website at

www.liononemetals.com.

On behalf of Lion One Metals Limited

“Walter H. Berukoff”

Chief Executive Officer

For further information please contact:

Hamish Greig, VP, Director (Vancouver, BC) Tel: 604-973-3008

Joe Gray, Investor Relations (Vancouver, BC) Tel: 604-973-3004

Toll Free IR Line (North America) Tel: 1-855-805-1250

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.