Lion One: First Wedge Hole Confirms High-Grade Lode At Tuvatu

Best intercept of 85.70 g/t Au over 3.3m from Latest Drilling

 North Vancouver, B.C., August 31, 2020 –  Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce that it has encountered high-grade gold mineralization in a diamond wedge hole, drilled to a depth of 709.0m (TUDDH500w1) and is now drilling a second daughter wedge hole (TUDDH500w2), from mother hole TUDDH500 to further retest the newly discovered high-grade zone under the Tuvatu lode system (please refer to a company news release dated July 24, 2020). The current wedge hole program is designed to gather multiple pierce points on the new high-grade lode to more precisely determine its orientation.

Highlights:

• High-grade intervals from daughter wedge hole TUDDH500w1 include 70 g/t Au over 3.3m including two narrower intervals of 305.00 g/t Au over 0.3m and 255.00 g/t Au over 0.6m (please see Table 1 below). High-grade intervals encountered in mother hole TUDDH500 include 2.0m grading 46.70g/t Au and 12.7m grading 55.43g/t Au including sub-intervals of 4.7m grading 120.16g/t Au with an exceptionally high-grade core of 0.9m grading 582.33g/t Au.

CLICK HERE to read the full news release from Lion One Metals (LIO.V)