LION ROCK to Acquire the Revell Lithium Project
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1680
Vancouver, BC, V6C 3L6
LION ROCK TO ACQUIRE THE REVELL LITHIUM PROJECT
Vancouver, British Columbia – June 8, 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 Revell Lithium Project. The Proj ect is located 25 km east of Ignace, Ontario
and consists of 112 claims covering 2,350 ha. The Revell Lithium Project lies on trend of the Raleigh Lake
pegmatite field, which hosts the Raleigh Lake Lithium-Rubidium deposit.
Acquisition Highlights
The Revell Lithium Property. The 2,350 ha property is located near the triple junction of the
Western Wabigoon, Winnipeg River and Marmion Subprovinces. It is underlain by prospective S-
Type granite and felsic to intermediate metavolcanics. The underexplored property is on trend with
the Raleigh Lake pegmatite field.
Ontario’s Lithium Exploration Boom. As a leading location for lithium exploration, Ontario has
seen rapid advancement of early-stage projects with government support. Nearby projects include
the Raleigh Lake Lithium Project, where a recently announced mineral resource estimate included
2.3 Mt at 0.64% Li2O (Measured and Indicated) and 3.9 Mt at 0.58% Li2O (Inferred).
Planned Work Program. In Summer 2023, the Company will commence a comprehensive
exploration campaign, initially focusing on pros pecting, mapping and sampling pegmatites at the
Revell Lithium Property.
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1680
Vancouver, BC, V6C 3L6
Figure 1. The Revell Project location map showing nearby claims and lithium occurrences.
About the Revell Lithium Project
The Revell Lithium Project is comprised of 112 clai ms covering 2,350 ha, appr oximately 25 km west of
Ignace, Ontario. The Project is situated near the triple junction of the Western Wabigoon, Winnipeg River,
and Marmion Subprovinces. It is underlain by prosp ective S-Type granite and felsic to intermediate
metavolcanics. The property is accessible by road and strategically located with proximity to infrastructure
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. 1,600,000 common shares on acceptance of the Option Agreement by the TSX Venture
Exchange (“TSXV Acceptance”);
2. $150,000 on or before the date that is six months following TSXV Acceptance; and
3. 2,000,000 common shares and $100,000 on or before the first anniversary to TSXV
Acceptance.
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.
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1680
Vancouver, BC, V6C 3L6
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.