Gold Lion Announces Termination of Option Agreements
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 Termination of Option Agreements
Vancouver, British Columbia / March 24, 2022 – Gold Lion Resources Inc. (“Gold Lion” or the
“Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) announces today that the property option
agreements dated April 6, 2020, under which the Company had the right to earn a 100% interest
in the Erickson Ridge project and the South Orogrande project, have been terminated.
The Company completed two seasons of exploration at the Erickson Ridge project and the South
Orogrande. While the results were encouraging, the Company has determined that it is in its best
interest to acquire a new exploration or development project and it is reviewing several
new opportunities.
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/.
ON BEHALF OF THE BOARD OF DIRECTORS
Borzoo Zare, interim CEO
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.
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.