Lion One Metals Ltd (LOMLF)

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Gold Newsletter - Lion One Update

Lion One Metals (LIO.V; LOMLF.OB; C$0.70) continues to ply its Tuvatu gold project in Fiji with a surface drill and an underground rig. Since October 2016, the company has completed 6,493 meters of diamond drilling comprised of 5,744 meters of surface drilling and 739 meters of underground drilling. Current drilling is testing areas that have hosted high-grade intercepts like 252.64 g/t gold over 4.22 meters (Hole 160) and 14.09 g/t
gold over 8.85 meters (Hole 207). Work continues on the development front at Tuvatu as well, with a dewatering program on an exploration decline and secured contracts for engineering studies. Lion One remains a smart play on gold exploration and development in a safe mining jurisdiction. It’s still a buy.