Lion One: Exercises Acceleration Right for $1.20 Warrants Issued on December 6, 2019

Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company“) announces that it has elected to accelerate the expiry date of the outstanding common share purchase warrants (the “Warrants“) originally issued by the Company as part of its private placement of units which closed on December 6, 2019 (refer to press release dated December 6, 2019). Each Warrant entitles the holder to purchase one additional common share of the Company for an exercise price of $1.20.

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