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LIO.V ·

Lion One Announces Results of Annual and Special General Meeting

Shareholder Meetings

Lion One Announces Results of Annual and

Special General Meeting

North Vancouver, British Columbia--(Newsfile Corp. - December 16, 2022) -

Lion One Metals Limited

(TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO)

("Lion One" or the "Company")

is pleased to announce

the results of the Company's annual and special general meeting of shareholders (the "

Meeting

") held

on December 15, 2022.

At the Meeting, the number of directors of the Company was set at four (4) with the following directors re-

elected at the Meeting: Walter H. Berukoff, Richard J. Meli, Kevin Puil and David R. Tretbar.

In addition,

shareholders of the Company approved the Company's Omnibus Equity Incentive Compensation Plan

as described in the management information circular dated November 1, 2022 (the "

Circular

") as well

as the re-appointment of Davidson & Company LLP, Chartered Professional Accountants as the auditor

of the Company for the ensuing fiscal year.

About Lion One Metals Limited

Lion One's flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project,

located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold

mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the

entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system.

Lion One's CEO Walter Berukoff leads an experienced team of explorers and mine builders and has

owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines,

Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for

shareholders.

On behalf of the Board of Directors of Lion One Metals Limited

"

Walter Berukoff

", Chairman and CEO

Contact Investor Relations

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

e:

[email protected]

web:

www.liononemetals.com

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

This press release may contain statements that may be deemed to be "forward-looking statements" within the meaning of applicable Canadian

securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-

looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is

expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such

words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be

achieved. This forward-looking information reflects Lion One Metals Limited's current beliefs and is based on information currently available to

Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited

to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and

other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other

factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be

materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not

limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the

actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual

property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including

environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits

of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals

Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking

information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place

undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in

accordance with applicable securities laws.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/148443