LION ROCK Secures Fleuron Lithium Project IN Strategic Acquisition
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1680
Vancouver, BC, V6C 3L6
LION ROCK SECURES FLEURON LITHIUM PROJECT IN STRATEGIC
ACQUISITION
Vancouver, British Columbia – June 14, 2023 – Lion Rock Resources Inc. (TSX-V: ROAR), (FSE:
KGB1) (the “Company”) is pleased to announce that it has entered into an option agreement (the “Option
Agreement”) to acquire the Fleuron Lithium Project, strategically located 35 km south of Val d’Or, Québec
(Figure 1). The Fleuron Lithium Project is comprised of 205 claims spanning 11,380 ha and lies within a
highly prospective region with limited lithium explora tion history. The property is host to over 150
documented pegmatite outcrops.1
Acquisition Highlights
The Fleuron Lithium Property. The 11,830 ha property is situated at the eastern edge of the
Superior Province within the Pontiac Subprovince. It features granite, paragneiss, and localized
metasedimentary units, as well as over 150 docum ented pegmatite outcrops. The property is
strategically located with proximity to infrast ructure, major mining centers Val d’Or and Rouyn-
Noranda, and recent lithium discoveries.
The Val d’Or Lithium District. Located in Pontiac Subprovince of Québec, the Val d’Or lithium
district is a highly prospective region with minimal lithium exploration history. S-type pegmatites
have been identified, and the area hosts project s such as Sayona Mining’s Tansim project, Vision
Lithium’s Cadillac project, and Winsome Resources' Decelles and Mazarac projects.
Québec’s Lithium Boom. As one of the country’s fastest-g rowing lithium jurisdictions, Québec
has over ten advanced-stage pr ojects and numerous early-stage occurrences. Notably, the
Whabouchi mine is one of the world's largest bulk tonnage lithium depos its, boasting a Mineral
Resource of 36.6 Mt at 1.3% Li2O and a proposed 33-year mine life.2 The James Bay Lithium Mine,
with a Mineral Resource of 40.3 Mt at 1.4% Li2O, is projected to produce an average of 321 Kt of
spodumene concentrate annually over a 19-year mine life.3
Planned Work Program. When it is able to begin work on the Property, the Company will
commence a comprehensive exploration campaign, initially focusing on prospecting, mapping, and
sampling pegmatites at the Fleuron Lithium Property.
1 Ministre de l'Énergie et des Ressources Naturelles, MERN
2 Nemaska Lithium NI 43-101 Technical Report: Report on the Estimate to Complete for the Whabouchi Lithium
Mine and Shawinigan Electrochemical Plant, May 31, 2019
3 Galaxy Lithium Preliminary Economic Assessment, NI 43-101 Technical Report: James Bay Lithium Project
Ontario, Canada, March 15, 2021
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1680
Vancouver, BC, V6C 3L6
Figure 1. The Company’s Fleuron Lithium Project map showing documented pegmatite locations, property
access and notable neighbouring projects.
About the Fleuron Lithium Project
The Fleuron Lithium Project is comprised of 208 mini ng claims totaling 11,830 ha, approximately 35 km
south of Val d’Or, Québec. The property is situated at the eastern edge of the Superior Province within the
Pontiac Subprovince. It features granite, paragneiss, and localized metasedimentary units, as well as over
150 documented pegmatite out crops. The property is accessible by road and strategically located with
proximity to infrastructure, major mining centers Val d’Or and Rouyn-Noranda, and recent lithium
discoveries.
Terms of Agreement
Under the terms of the Option Agr eement, the Company must make payments and share issuances as
follows:
1. 1,500,000 common shares on acceptance of the Option Agreement by the TSX Venture
Exchange (“TSXV Acceptance”);
2. $100,000 on or before the date that is six months following TSXV Acceptance;
3. 2,000,000 common shares and $150,000 on or before the first anniversary of TSXV
Acceptance; and
4. 2,000,000 common shares and $150,000 on or before the second anniversary of TSXV
Acceptance.
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1680
Vancouver, BC, V6C 3L6
Also under the terms of the Option Agreement, the prope rty will be subject to a 2% net smelter returns
royalty, one-half of which can be purchased by the Company for $500,000.
The above transaction is subject to the acceptance of the TSX Venture Exchange.
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.
About Lion Rock Resources Inc.
Lion Rock Resources is northwestern Ontario's newest gold ‐copper explorer. The Company’s flagship
property, the Maybrun, is a past ‐producing mine (Maybrun gold ‐copper deposit) that was placed on care
and maintenance in 1974 for several years prior to an exploration program conducted by Opawica
Explorations Inc. in 2005. The Maybrun project is lo cated in the Atikwa Lake area of the Kenora Mining
Division, approximately 80 kilometres southeast of Kenora, in northwestern Ontario.
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.
This news release may contain or refer to forward-looking information based on current expectations, including, but
not limited to the Company achieving success in exploring its properties and the impact on the Company of these
events, including the effect on its share price. Forward-looking information is subject to significant risks and
uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is
provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new
events or circumstances. References to other issuers with nearby projects is for information purposes only and there
are no assurances the Company will achieve similar results.