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PURR.CN ·

Gold Lion Amends Warrants

Share Capital & Compensation

305-1770 Burrard St. Vancouver, British Columbia V6J 3G7

T: (604) 687-2038 / W: https://goldlionresources.com/

GOLD LION RESOURCES INC.

NEWS RELEASE

Gold Lion Amends Warrants

Vancouver, British Columbia / April 30, 2021 – Gold Lion Resources Inc. (“Gold Lion ” or the

“Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce that it has amended the

terms of an aggregate of 4,296,000 common share purchase warrants (each, a “Warrant”) previously issued

by the Company on July 3, 2019 pursuant to a non -brokered private placement . The Warrants were

originally exercisable by the holders to acquire one additional common share at a price of $0.20 per Warrant

until July 3, 2021. The term of the Warrants has been extended by three years and will now expire on July

3, 2024. The exercise price of the Warrants remains unchanged.

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 South Orogrande, Erikson Ridge, Robber Gulch, Cuteye and

the Fairview Properties located in Idaho and British Columbia . For more information please visit:

https://goldlionresources.com/.

ON BEHALF OF THE BOARD OF DIRECTORS

Chris Paul, CEO

T: +1 (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 Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward -looking information"

within the meaning of applicable securities law. Forward-looking information is frequently characterized

by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar

words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements

are based on the opinions and estimates at the date the statements are made, and are subject to a variety

of risks and uncertainties and other factors that could cause actual events or results to differ materially

from those anticipated in the forward -looking statements including, but not limited to delays or

uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in

forward-looking information, including factors beyond the Company’s control. There are no assurances

that the business plans for Gold Lion Resources described in this news release will come into effect on the

terms or time frame described herein. The Company undertakes no obligation to update forward -looking

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information if circumstances or management's estimates or opinions should change except as required by

law. The reader is cautione d not to place undue reliance on forward -looking statements. Additional

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.