LION ROCK Resources Begins 2025 Exploration Program at Volney Project, Targeting Critical Minerals in South Dakota
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1615
Vancouver, BC, V6C 3L6
LION ROCK RESOURCES BEGINS 2025 EXPLORATION PROGRAM AT VOLNEY
PROJECT, TARGETING CRITICAL MINERALS IN SOUTH DAKOTA
Vancouver, British Columbia – May 1, 2025 – Lion Rock Resources Inc. (TSX-V: ROAR), (FSE:
KGB1, OTCPK: LRRIF) (the “ Company ”) is pleased to announce the commencement of its 2 025
exploration program at the Volney Project in the Black Hills Mining District, South Dakota. The program
includes a high-resolution magnetic survey and a detailed mapping and sampling initiative targeting high-
grade lithium, gold, and tin mineralization ( Figure 1 ).
The Volney Project, located 20 km southwest of Spea rfish, is a past-producing, multi-commodity asset
situated on 142 hectares of privately held land wit h both surface and mineral rights enabling rapid
permitting and efficient execution of exploration activities. A permit application has been submitted for an
extensive drill program, and field crews are mobili zed on site for mapping, sampling and geophysical
surveys.
News Highlights
• High-Grade Multi-Commodity Potential Across Propert y: The Volney Project hosts historic
lithium grades up to 5.4% Li ₂O, including a 10,000 kg bulk sample that averaged 2.5% Li ₂O;
gold values include 8.0 g/t Au over 43.0 m and 18.2 g/t Au over 18.3 m ; and tin values up to 2.5%
Sn reported across the full length of the property. B oth lithium and tin are designated as critical
minerals in the U.S., underscoring the strategic importance of the project.
• Private Land – Fast-Tracked Permitting: The Volney Project is situated on 142 hectares of
privately held land with both surface and mineral rights, year-round road access, and proximity to
infrastructure, enabling rapid drill program execution and accelerated permitting from exploration
through to production.
• High-Resolution Magnetic Survey Underway: This 35 m resolution drone magnetic survey by
EarthEx Geophysical Solutions Inc. will assist in i dentifying structural controls, including shear
zones associated with gold mineralization and pegmatite extensions.
• Mapping and Sampling Program in Progress: Field teams are systematically mapping and
collecting samples to refine drill targeting and expand known mineralized zones.
Dale Ginn, President and CEO of Lion Rock, stated, “ Our 2025 exploration program is designed to advance
the Volney project through detailed fieldwork and modern exploration techniques. With boots on the ground
and private land permitting already in motion, we’re excited to unlock the potential of this underexplored,
multi-commodity project with historic sampling repo rting near concentrate-grade lithium at surface.
Volney has not benefited from modern exploration, and with lithium, gold and tin designated as U.S. critical
minerals, the project is well-positioned with potential to support domestic supply priorities and create long-
term value for our shareholders.”
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1615
Vancouver, BC, V6C 3L6
Figure 1. Multiple high-grade lithium and gold targets at the Volney Project, South Dakota.
About the Volney Project
The Volney Project is a multi-commodity project str ategically located in South Dakota’s Black Hills, a
historically rich and active mining region ( Figure 2 ). The Black Hills have produced over 62 million
ounces of gold , including from the prolific Homestake Mine, one of the most significant gold producers in
North American history. The district continues to attract modern exploration efforts, with companies such
as Dakota Gold Corp. actively advancing projects wi thin the Black Hills. The Project encompasses high-
grade gold, high-grade lithium, and high-grade tin mineralization, with notable historic grades up to 18.2
g/t gold over 18.3 m , 5.3% Li 2O, and 2.5% Sn . The Volney Project is home to the Giant Volney pegmatite,
a 635 m long LCT (Lithium-Cesium-Tantalum) pegmatite with strong expansion potential, and an extensive
high-grade gold system. The Project is accessible y ear-round and consists of private claims with surfa ce
and mineral rights, which facilitates rapid permitting and project advancement.
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1615
Vancouver, BC, V6C 3L6
Figure 2. Volney Project regional map in the Black Hills, South Dakota.
The technical content of this news release has been reviewed and approved by Carl Ginn, P.Geo., consultant
to the Company and a Qualified Person pursuant to National Instrument 43-101. The data referenced in this
release includes historical results derived from pr ior operators and public records. While the Company
believes the historical data to be reliable and relevant, it has not yet independently verified the information
through its own exploration programs. Further work is required to verify the accuracy of these results and
determine their significance.
About Lion Rock Resources Inc.
Lion Rock Resources Inc. is a Canadian mineral exploration company committed to advancing high-grade
gold and lithium projects across North America. The Company’s flagship asset, the Volney Project, is
located in South Dakota’s Black Hills, a mining-friendly jurisdiction surrounded by active gold operations.
The Volney Project hosts high-grade gold, lithium and tin mineralization, with historic drill results showing
gold grades of up to 18.2 g/t Au over 18.3 m, lithi um concentrations as high as 5.3% Li 2O. The Company
is led by an award-winning team with a proven track record of mineral discoveries, project development ,
and financing.
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1615
Vancouver, BC, V6C 3L6
On Behalf of the Board
R. Dale Ginn, President & Chief Executive Officer
O: 604-678-5308
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release m ay constitute “forward-looking information” within the meaning
of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words
such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, “potential”, “i ndicative”
and similar expressions. Forward-looking informatio n involves known and unknown risks, uncertainties a nd other
factors that may cause actual results or events to differ materially from those anticipated in such fo rward-looking
information. The Company’s actual results could dif fer materially from those anticipated in this forwa rd-looking
information as a result of risks and uncertainties inherent in the exploration and development of mine ral properties,
fluctuations in commodity prices, counterparty risk , market conditions, regulatory decisions, competit ive factors in
the industries in which the Company operates, preva iling economic conditions, changes to the Company’s strategic
growth plans, and other factors, many of which are beyond the control of the Company. The Company beli eves that
the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forw ard-looking information should not be unduly relied upon. Any
forward-looking information contained in this news release represents the Company’s expectations as of the date
hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise
any forward-looking information whether as a result of new information, future events or otherwise, except as required
by applicable securities legislation.