Gold Lion Files 43-101 Technical Report for Erickson Ridge Property
305-1770 Burrard St. Vancouver, British Columbia V6J 3G7
T: (778) 772-1751/ W: https://goldlionresources.com/
GOLD LION RESOURCES INC.
NEWS RELEASE
Not for distribution to United States newswire services or for dissemination in the United States.
Gold Lion Files 43-101 Technical Report for Erickson Ridge Property
Vancouver, British Columbia / October 28, 2020 – Gold Lion Resources Inc. (“Gold Lion ” or the
“Company”) ( CSE: GL) (FWB: 2BC) is pleased to announce that it has filed a technical report (the
“Technical Report ”) pursuant to National Instrument 43- 101 – Standards of Disclosure for Mineral
Projects (“NI 43 -101”) for the Company’s Erickson Ridge Property located in Idaho, USA (the
“Property”). Brian T. Brewer, C.P.G, M.Sc., a “Qualified Person” under NI 43- 101 and independent of
the Company, authored the T echnical Report. A copy of the Technical Report is available under the
Company’s profile at www.SEDAR.com . The Technical Report has been prepared to update and clarify
the Company’s disclosure with respect to the Proper ty. The Technical Report supports the disclosure
respecting the Property in this news release, and there are no material differences between that disclosure
and the Technical Report.
The Company advises readers that it does not have current mineral resources or current mineral reserves
on any of its mineral properties, including the Property. P ast Company news releases, as well as the
Company’s website and third party marketing materials (including third party we bsites), included
information that was not compliant with NI 43- 101 and was potentially misleading with respect to
historical mineral resource estimates and properties adjacent to the Company’s properties. The Company
hereby retracts all such non -compliant disclosure and has removed such disclosure from its website and
from third party websites. Readers are cautioned that they should not rely on any such disclosure for any
purpose.
As disclosed in the Company’s preliminary short form prospectus dated Sept ember 25, 2020 and
available under the Company’s profile at www.SEDAR.com , only a small portion of the proceeds to be
raised under the offering described in the preliminary prospectus will be expended on Property.
Brian T. Brewer, C.P.G, M.Sc., is the Qualified Person as defined by N I 43-101 who has reviewed and
approved the scientific and technical information in this news release.
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 Briti sh Columbia. For more information please visit:
https://goldlionresources.com/.
2
ON BEHALF OF THE BOARD OF DIRECTORS
Borzoo Zare
CFO
T: +1 (778) 888-5315
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
Certain information contained in this news release constitutes forward -looking information within the
meaning of Canadian securities laws ("forward-looking statements"). All statements in this news release,
other than statements of historical fact, which address events, results, outcomes or developments that
Gold Lion expects to occur are forward- looking statements. Forward -looking statements include
statements that are predictive in nature, depend upon or refer to future events or conditions, or include
words such as "expects", "anticipates", "plans", "believes", "estimates", "considers", "intends", "targets",
or negative versions thereof and other similar expressions, or future or conditional verbs such as "may",
"will", "should", "would" and "could". More particularly and without restriction, this news release
contains forward- looking statements and information about Gold Lion’s intention to complete the
Offering and the timing thereof and statements as to management's expectations with respect to, among
other things, the matters and activities contemplated in this news release.
By its nature, this information is subject to inherent risks and uncertainties that may be general or
specific and which give rise to the possibility that expectations, forecasts, predictions, projections or
conclusions will not prove to be accurate, that assumptions may not be correct and that objectives,
strategic goals and priorities will not be achieved. Factors that could cause future results or events to
differ materially from current expectations expressed or implied by the forward -looking statement s
include receipt of all necessary regulatory approvals, completion of all conditions to closing of the
Offering, availability of financing to fund Gold Lion’s exploration and development activities, the ability
of the current exploration program to identi fy mineral resources, operational risks in exploration and
development for gold, delays or changes in plans with respect to exploration or development projects or
capital expenditures, uncertainty as to calculation of mineral resources, changes in commodit y and
power prices, changes in interest and currency exchange rates, the ability to attract and retain qualified
personnel, inaccurate geological and metallurgical assumptions (including with respect to the size, grade
and recoverability of mineral resources), changes in development or mining plans due to changes in
logistical, technical or other factors, title defects, government approvals and permits, cost escalation,
changes in general economic conditions or conditions in the financial markets, environmental regulation,
operating hazards and risks, delays, taxation rules, competition, public health crises such as the COVID -
19 pandemic and other uninsurable risks, liquidity risk, share price volatility, dilution and future sales of
common shares, aborigina l claims and consultation, cybersecurity threats, climate change, delays and
other risks described in Gold Lion’s documents filed with Canadian securities regulatory authorities. You
can find further information with respect to these and other risks in Gol d Lion’s filings made with
Canadian securities regulatory authorities and available at www.sedar.com . Other than as specifically
required by law, Gold Lion undertakes no obligation to update any forward -looking statement to reflect
events or circumstances after the date on which such statement is made, or to reflect the occurrence of
unanticipated events, whether as a result of new information, future events or results otherwise.