Northern Lion Signs Option Agreement to acquire Riverside Property near Kamloops, B.C.

P.O. BOX 62, 488-625 HOWE STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6C 2T6

TELEPHONE: (604) 669-2701 FAX: (604) 687-4670 Email: [email protected]

NEWS RELEASE

Northern Lion Signs Option Agreement to acquire Riverside Property

near Kamloops, B.C.

March 22, 2017 TSX-V Symbol: NL

Frankfurt Symbol: N3E

Vancouver, British Columbia: Northern Lion Gold Corp. (the “ Company”) announces that it

has entered into an option agreement with Andrew Molnar, of Vancouver, B.C. (the “Optionor”)

to acquire an undivided 100% interest in three mineral claims totalling 491.6 hectares located

approximately 20 kilometres east of Kamloops, British Columbia (the “Riverside Property”).

Historic results from p revious exploration by Corona Corporation between 1988 and 1990 ,

including geological and sampling (rock and chip) programs and two reverse circul ation drill

holes totalling 350.5 metres , indicate that the Riverside Property is prospective for gold

mineralization.

In order to exercise the option, the Company must

(a) pay $70,000 cash to the Optionor as follows:

(i) $20,000 upon execution (paid); and

(ii) an additional $50,000 on the first anniversary of the option agreement;

(b) issue 400,000 common shares of the Company to the Optionor within five business

days following acceptance of the option agreement by the TSX Venture Exchange (the

“Exchange”); and

(c) incur exploration expenditures of $75,000 on the Riverside Property within six months

following Exchange acceptance, which expenditures constitute a binding obligation on

the part of the Company.

The Company has agreed to engage Rio Minerals Limited, a private company controlled by the

Optionor, to incur such exploration expenditures on behalf of the Company.

All shares issued pursuant to the Option Agreement will be subject to a 4 month and one day

hold period from the date of issuance.

The Option Agreement is subject to the acceptance of the Exchange.

NORTHERN LION GOLD CORP.

John Lando, President

For information with respect to Northern Lion or the contents of this news release, please

contact the Company at (604) 669-2701 or toll free at 1 800 663 0510.

This news release includes "forward- looking information", as such term is defined in applicable securities

laws. Forward-looking information includes, but is not limited to, regulatory acceptance of the option

agreement, the Company’s ability to satisfy the option conditions and the prospective nature of the

Riverside Property for gold mineralizat ion. These statements reflect management's current estimates,

beliefs, intentions and expectations; they are not guarantees of future performance. The Company

cautions that all forward- looking information is in herently uncertain and that actual performance may be

affected by a number of material factors, many of which are beyond the Company's control. Such factors

include, among others, risks and uncertainties relating to exploration; the ability of the Company to obtain

additional financing; the Company's limited operating history; the need to comply with environmental and

governmental regulations; potential defects in title to the Company's properties; fluctuations in currency

exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other

risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from

the estimates, beliefs, intentions and expectations expressed or implied in the forward- looking

information. All statements are made as of the date of this news release and, except as required by law,

the Company is under no obligation to update or alter any forward-looking information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS

DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS NEWS RELEASE