Lion One: Announces Strategy for Drilling its New High-Grade Discovery at Tuvatu

North Vancouver, B.C., November 4, 2020 – Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce that it has developed long-term plans for drilling its new high-grade discovery beneath the exiting Tuvatu resource. Recognizing certain surface access limitations resulting from steep topography to the east and south of the high-grade discovery as well as the need to undertake continuous drilling through the wet season, Lion One has ordered two new, deep capacity underground diamond core drill rigs from a North American supplier. Arrival of the shipment of these drills and accompanying tooling to Fiji is expected by January 2021.

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