Red Lion Management

Lion One Metals Limited enters into a term sheet including an EPC and a US$40 million off-take financing facility for mine development and construction of a processing facility at the Tuvatu Gold Project in Fiji. Scarsdale Equities maintain their Buy rating.

Tuvatu gold project profile:Lion One Metals Limited’s (TSX VENTURE: LIO, ASX: LLO, OTCQX: LOMLF “Lion One”) 100% owned permitted Tuvatu Gold Project is located only 1 7 km from the Nadi International Airport, on the main island of Viti Levu, in Fiji. The project is in a caldera setting, on trend with the caldera-situated Vatukoula gold mine, which has produced 7 million oz of gold in the last 82 years.