Lion One Metals Announces Retirement of Founder, President, and Chairman Walter Berukoff, Transitions to Chairman Emeritus
Lion One Metals Announces Retirement of
Founder, President, and Chairman Walter
Berukoff, Transitions to Chairman Emeritus
North Vancouver, British Columbia--(Newsfile Corp. - June 3, 2026) -
Lion One Metals Limited
(TSXV:
LIO) (OTCQX: LOMLF)
("Lion One" or the "Company")
today announces that Mr. Walter Berukoff
(Wally), the Company's Founder, President, and Chairman of the Board, is retiring as Chairman and
President of Lion One Metals and has resigned from the Board of Directors of the Company. Mr.
Berukoff will retain the honorary title of Chairman Emeritus as part of his transition into an advisory role,
enabling the Company to benefit from Mr Berukoff's 40+ years of experience in the mining industry, as
well as his 20+ years of experience working in Fiji and with local stakeholders.
Mr. Berukoff commented:
"It has been the highlight of my career to found and lead Lion One Metals
and to work alongside such a dedicated team in advancing the Tuvatu Gold Project from exploration
through to production. I am incredibly proud of what we have accomplished together in Fiji and am
grateful to our employees, shareholders, partners, and local communities for their support over the
years.
I would also like to extend my heartfelt thanks to the people of Fiji. For more than two decades, I have
had the privilege of working alongside Fijian communities, government partners, employees, and
stakeholders, whose friendship, trust, and support have been instrumental to Lion One's success. The
relationships we have built and the trust that has been placed in Lion One mean a great deal to me
personally, and the encouragement and partnership of the Fijian people has been the cornerstone to
our success. While I am transitioning from my role as Chairman, my connection to Fiji and its people
remains as strong as ever, and I look forward to continuing those relationships as Chairman Emeritus
and strategic advisor to the Company. Fiji holds a special place in my heart, and I remain deeply
grateful for the opportunity to contribute to the growth of its mining industry and to work alongside so
many talented and remarkable people."
Todd Romaine, Director, commented:
"On behalf of the Board of Directors, I would like to express our
sincere gratitude to Wally for his extraordinary leadership, vision, and dedication to Lion One Metals.
Through his determination and entrepreneurial spirit, he transformed Tuvatu from an exploration-
stage asset into a producing gold mine and established the foundation for the Company's future
growth. Wally's contributions to Lion One, the mining industry, and the people of Fiji are significant
and enduring. We thank him for his many years of service to the Company."
The Company has entered in an agreement with respect to the termination of Mr Berukoff's employment
contract pursuant to which he will be paid severance equal to three times the annual base salary as
provided in the employment contract. Mr. Berukoff will enter into a consulting agreement with the
Company pursuant to which he will be a strategic advisor to the Company as Chairman Emeritus under
the direction of the board. Under the terms of such consulting agreement, Mr Berukoff has been issued
5,000,000 restricted share units (RSUs) in the Company pursuant to the Company's omnibus equity
incentive plan.
The RSUs will vest 12 months from the date of grant.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with
new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The
Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the
Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the
entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration
targets.
On behalf of the Board of Directors,
Todd Romaine, Director
Contact Information
Email:
Phone: 1-855-805-1250 (toll free North America)
Website:
www.liononemetals.com
Neither the TSX-V nor its Regulation Service Provider accepts responsibility or 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 labor 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.
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