North Vancouver, B.C., September 3, 2022 – Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce the appointment of Mr. Jeffrey Edelen as the Company’s new Vice-President, Corporate Development.
Mr. Jeffrey Edelen has 16 years of experience as an economic geologist focusing on prospect generation, royalty evaluation, and project development. He started his career with Midway Gold Corp. and continued work at the Spring Valley deposit with the Midway-Barrick Gold Corporation JV through 2009. He subsequently researched gold systems at the Colorado School of Mines and later added seven years of experience in senior roles with companies such as Full Metal Minerals, Esperanza Silver, Revolution Resources, and Osisko Mining before joining EMX Royalty Corp. (EMX) in 2014. As a Senior Geologist at EMX he helped develop world-class portfolios in multiple jurisdictions for gold, copper, base metal, and battery metal assets. In addition to prospect generation, Jeffrey has extensive experience in royalty generation and evaluation, strategic investments, and value creation throughout the broader industry of economic geology. As the Manager of Project Marketing at EMX, Jeff developed an excellent reputation within an extensive network of decision makers world-wide. Having been exposed to multiple facets of this industry, Jeff will be an excellent addition to an impressive team at Lion One Metals.
Lion One CEO Walter Berukoff commented “Mr. Edelen has expertise in generative exploration and project development with both major mining and junior exploration companies. His geological experience includes excellent knowledge of alkaline gold systems, and his business acumen will be of great value to Lion One.”
Mr. Edelen holds undergraduate degrees in Spanish Language and Physical Geology from the University of Idaho (2005), and a Master’s degree in Economic Geology from the Colorado School of Mines.
Grant of Stock Options
The Company also advises that an aggregate of 4,540,000 stock options have been granted to various directors, officers, employees, and consultants of the Company, subject to TSX-V approval. The options are exercisable into common shares of the Company at a price of $1.25 per share, expiring five years from the date of grant, on September 3, 2027. One third of the options will vest upon grant, with one third vesting annually thereafter until fully vested.
About Lion One Metals Limited
Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.
On behalf of the Board of Directors of
Lion One Metals Limited
Chairman and CEO
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This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.