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Gold Lion Issues Stock Options

Share Capital & Compensation

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 Issues Stock Options

Vancouver, British Columbia / May 15 th, 2020 – Gold Lion Resources Inc. (“Gold Lion ” or the

“Company”) (CSE: GL) (FWB: 2BC) announced today that it has issued an aggregate of 650,000 stock

options. Each option is exercisable at a price of $0.45 per share, expires five years from the date of grant ,

vests immediately and is subject to a four month hold period.

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

Oliver Friesen

CEO

T: +1 (778) 772-1751

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 certa in "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, o r 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 cou ld 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

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

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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.