Fiji Gold – Tuvatu Alkaline Gold Project

• 100% control of fully permitted Tuvatu gold project in Fiji• Consolidation of surrounding 7km wide Navilawa gold system

Tuvatu Alkaline Gold Project Navilawa Caldera, Fiji

Navilawa Caldera

~1Moz.

7 km diameter

Tuvatu Resource

Lion One is one of the only junior resource companies

in the world controlling a high grade, district-scale

Alkaline Gold System

+25Moz. +40Moz. +11Moz.7 km diameter 7 km diameter 7 km diameter

PorgeraPNG, Barrick

Lihir PNG, Newcrest

VatukoulaFiji, Zhongrun

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Some of the biggest gold deposits in the South Pacific,Porgera, Lihir, and Vatukoula, are alkaline gold systems

Fiji Islands

World Class Gold Deposits in SW Pacific

7 million ounces historic production

Central RidgeUp to 19.9 g/t In rock chips

Current Resource at 3g/t cutoff299,500 oz. Au indicated @ 8.46 g/t Au 468,000 oz. Au inferred @ 9.70 g/t Au

District-Scale Gold Exploration Targets

7km

Hole 160: 1,614g/t Au over 0.5mInside 253g/t Au over 4.2 mAt vertical depth of 325m

1km+

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Golden Ridge1,400 x 400m

Gold soil anomaly

Banana CreekUp to 46 g/t in rock chips1,600 x 400m anomalies

300m vertical surface extent

QalibuaUp to 12 g/tIn rock chips

TuvatuDrilled Area

1997-1998 Feasibility StudyEmperor (Ivanhoe)

Tuvatu Drilling~900koz.Au

600m x 200m area to 350m depth

Ura CreekUp to 101 g/tIn rock chips

Nubunidike Up to 290 g/t In rocks chips

JomakiUp to 502 g/t In rock chips

Hole 160

Radiometric signature reveals high concentrations of potassium-rich alkaline volcanic rocks and ideal setting for a large gold mineralizing system

Banana Creek

TuvatuResource

Navilawa Caldera

3 km

High-grade gold system

associated with intrusive alkaline rocks across 7km wide volcanic caldera;

limited drilling outside permitted mine area

Lodes: UR1-UR4 Channel Sampling Highlights

CHANNEL SAMPLING HIGHLIGHTS

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10-20 g/t Au 20-40 g/t Au 40-100 g/t Au >100 g/t Au

m g/t m g/t m g/t m g/t

2.70 16.23 2.10 33.10 2.40 74.89 3.60 109.19

1.80 17.31 2.52 33.16 3.30 79.47 3.10 116.32

3.45 17.48 3.50 33.21 3.40 79.37 2.95 118.41

2.50 18.06 3.00 35.50 3.00 83.85 2.50 122.65

1.90 18.18 2.70 35.68 3.45 84.83 2.80 203.59

3.25 19.09 3.00 36.04 2.95 92.48 2.35 290.60

Tuvatu Underground

Previous Feasibility WorkConfirmed high grade mineralization near surface with no constraints laterally or at depth

Target Channel ID Sample Type Au (gpt) Strike Dip Channel Azimuth

Banana Creek CH1585 0.85 m channel 19.40 NE 70 degrees SE 102

Banana Creek CH1571 6.00 m channel 3.86 NE 70 degrees SE 39

including 1.00 m channel 10.83Banana Creek CH1574 1.05 m channel 5.00 NE 70 degrees SE 175

Banana Creek CH1575 0.80 m channel 2.58 NE 70 degrees SE 310

Banana Creek CH1460 0.45 m channel 35.30 NE 50 degrees SE 249

Banana Creek CH1461 0.28 m channel 7.68 NE 70 degrees SE 37

Banana Creek TUS011041 Spot rock chip 8.38 not applicable

Biliwi CH1466 0.40 m channel 60.40 N-NE 80 degrees E 288

Biliwi CH1466 0.40 m channel 94.80 N-NE 80 degrees E 288

Biliwi CH1466 0.75 m channel 17.90 N-NE 80 degrees E 288

Biliwi CH1466 4.50 m channel 9.79 N-NE 80 degrees E 288

including 0.45 m channel 83.60

Central Ridge CH1451 1.85 m channel 12.55 NE 60-70 degrees SE 346

Central Ridge CH1452 6.70 m channel 2.67 NE 60-70 degrees SE 180

Goat Hill CH1495 0.68 m channel 3.47 NE 70 degrees SE 102

Kingston CH1716 0.90 m channel 6.26 N-S 80 degrees E 155

Kingston CH1481 0.22 m channel 6.31 N-S 80 degrees E 270

Lobau CH1472 1.00 m channel 3.08 N-NW 79 degrees W 280

Matanavatu CH1473 3.45 m channel 8.03 NE 80 degrees SE 350

including 0.65 m channel 32.30Matanavatu CH1474 0.60 m channel 35.88 NE 80 degrees SE 110

including 0.13 m channel 53.60Matanavatu CH1475 3.9 m channel 2.41 NE 70 degrees SE 285

Qalibua CH1437 0.61 m channel 7.85 NE 70 degrees SE 50

Qalibua CH1440 1.32 m channel 2.24 NE 71 degrees SE 260

Qalibua CH1679 1.30 m channel 2.13 NE 72 degrees SE 190

Yaloku TUS012186 Float rock chip 8.71 not applicable

New BLEG Sampling Reveals a much larger high grade gold surface footprint than resource area alone, with only a small part of the gold-bearing area explored to date.

N S

Tuvatu Resource

Banana Creek

Kingston

Navilawa Caldera

W

New geophysical data

CSAMT data reveals robust, deep rooted structural architecture evolving from the caldera subsurface 1,000’s of meters down

subsurface

surface

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Latest Deep Drilling at Tuvatu

Latest drilling confirms high gradedepth extensions 70m below current resource

Closing in on deep feeder structures

TUDDH 494:33.22 g/t gold over 4.29m, inc. 322 g/t Au over 0.31m, Intersected at vertical depth of 536m