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Gold Lion Announces Appointment of Guy Bourgeois as Chief Executive Officer, Interim Chief Financial Officer and Corporate Secretary

Management Changes

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

T: (778) 772-1751/ W: https://goldlionresources.com/

GOLD LION RESOURCES INC.

NEWS RELEASE

Gold Lion Announces Appointment of Guy Bourgeois as Chief Executive Officer, Interim

Chief Financial Officer and Corporate Secretary

Vancouver, British Columbia / May 13, 2022 – Gold Lion Resources Inc. (“Gold Lion” or the

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

Mr. Guy Bourgeois as Chief Executive Officer , interim Chief Financial Officer and Corporate

Secretary, effective immediately. In connection with Mr. Bourgeois’ officer appointments, the

Company has granted him 750,000 stock options which will allow him to purchase up to 750,000

common shares of the Company with an exercise price of $0.05 per share , expiring five years from

issuance. The options vest quarterly over a period of one year.

Gold Lion is also pleased to announce that it has appointed Mr. David Beck to the board of directors,

effective immediately.

Mr. Beck has over 30-years of financial, business operations, and capital markets experience, having

worked in a C-level capacity with national financial institutions in various capacities as a financial

analyst, institutional and proprietary trader, and i n investment banking. Initially, Mr. Beck leveraged

his background in engineering to focus on a career in management consulting. After several years, he

moved to the capital markets industry as a technology research analyst. He subsequently complemented

this experience through work as an investment banker and proprietary trader. During his career, he

established himself as a domain expert in analytics largely through his work as a top ranked technology

research analyst in both New York and Toronto. David's security expertise has been developed through

work with, and investment in three security software start -up companies, which included Cloakware

(acquired by Irdeto) and Assurent Secure Technologies (acquired by TELUS). Mr. Beck holds an MBA

from the Ivey Business School, University of Western Ontario and a B.Sc. (Engineering Physics) from

Queens University.

The director and officer appointments follow Mr. Borzooyeh Zare ’s resignation from the board of

directors, as well as interim Chief Executive Officer, Chief Financial Officer and Corporate Secretary

of the Company. The Company wishes to thank Mr. Zare for his many contributions to the Company

and wishes him well with his future endeavours.

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 Cuteye and Fairview Properties located in Idaho and

British Columbia. For more information please visit: https://goldlionresources.com/.

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ON BEHALF OF THE BOARD OF DIRECTORS

Guy Bourgeois, Chief Executive Officer

T: 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.

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 statement s 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

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

law. The reader is cautioned 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.