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PURR.CN ·

GOLD LION Announces Stock Option Grant

Share Capital & Compensation

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

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

GOLD LION RESOURCES INC.

GOLD LION ANNOUNCES STOCK OPTION GRANT

NEWS RELEASE

Vancouver, British Columbia / May 31, 2021 – Gold Lion Resources Inc. (“Gold Lion” or

the “ Company”) ( CSE: GL) (OTC: GLIOF) (FWB: 2BC) announces that it has issued an

aggregate of 85,000 incentive stock options to a director of the Company at a price of $0.22 per common

share for a period of five years, pursuant to its Stock Option Plan.

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

Chief Executive Officer

T: +1 (250) 717-3151

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

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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 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.