LION COPPER & GOLD CORP - LCGMF STOCK NEWS

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) has announced drill results from its 2024 exploration program at the Yerington Copper Project. Key highlights include:

1. Yerington drill hole YM-047A intercepted 864 ft of 0.23% TCu.

2. MacArthur drilling intercepted oxide and transition mineralized zones in 14 of 18 RC drill holes, averaging 0.18% TCu.

3. The program aimed to convert inferred resources to indicated for the prefeasibility study (PFS).

4. Drilling discovered an extension of the mineralized footprint at the Yerington Pit.

5. Results suggest potential to increase current estimates of copper pounds in the ground.

The company believes these findings may positively impact the scale, life, and economics of the project.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) has announced its transition from the TSX Venture Exchange to the Canadian Securities Exchange (CSE). The company has received conditional approval to list its common shares on the CSE and will voluntarily delist from the TSXV. This strategic move is aimed at leveraging the CSE's more cost-effective platform and streamlined regulatory framework, which aligns better with Lion CG's current development stage.

The company expects to delist from the TSXV around September 19, 2024, and list on the CSE around September 20, 2024. Lion CG will maintain its trading symbol "LEO" and continue to be quoted on the OTCQB under "LCGMF". Despite the exchange change, the company assures it will remain a reporting issuer and continue to meet all obligations under Canadian securities and SEC regulations.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) has released results from its Bear deposit 2024 exploration drilling program in Nevada. Highlights include:

• Diamond core drill hole B-056A encountered 2,376 ft of 0.40% TCu, including 130 ft of 0.65% TCu and 138 ft of 0.62% TCu
• B-056A is the 2nd best grade-thickness intercept made to date at Bear
• The drilling program was funded by an additional US$1,500,000 from Nuton , a Rio Tinto venture

The results highlight the significant size and potential of the Bear deposit, with wide intercepts of copper mineralization throughout the porphyry system. The company believes continued systematic exploration has the potential to unlock substantial new zones of high-grade copper mineralization and expand the deposit's footprint.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) has announced two key appointments to strengthen its leadership team. John Banning has been named Vice President and Chief Operating Officer, bringing 25 years of experience in mining operations with a focus on copper. Doug Stiles joins as Vice President of Sustainability & Environment, contributing 25 years of expertise in regulatory and environmental aspects of mining.

Both executives will be based in Yerington, Nevada, where they will play important roles in advancing the Yerington Copper Project through Pre-Feasibility. CEO Steven Dischler expressed enthusiasm about the new additions, highlighting their experience in developing mining operations on brownfield sites.

The company has also granted incentive stock options to officers, allowing the purchase of up to 7,500,000 common shares at CS$0.08 (US$0.058) per share over a five-year period, subject to vesting conditions.

Lion Copper and Gold Corp. announces commencement of Stage 2b and Stage 3 Advance Programs of Work for the Yerington Copper Project with a total funding of US$11,500,000. The Company aims to complete a Pre-Feasibility Study, progress permitting, and advance Bear exploration initiatives with Nuton LLC, a subsidiary of Rio Tinto.

Lion Copper and Gold Corp. announces positive results of a Preliminary Economic Assessment on its Yerington Copper Project, envisioning an open pit mining strategy followed by a heap leach operation. The PEA outlines post-tax NPV7% of $356 million and IRR of 17.4%, calculated at a copper price of $3.85/lb. The Project has a 12-year open pit mine life with projected lifetime copper production of 1.4 billion pounds, a post-tax payback period of 5.0 years, and cumulative cashflow of $1.00 billion post-tax. The PEA was completed with funding from Nuton LLC, a subsidiary of Rio Tinto. The technical report will be filed within 45 days. The Project aims to minimize environmental impacts and prioritize environmental stewardship, water conservation, and benefits for tribal and local communities.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) announces Nuton LLC's full funding of US$10 million for a pre-feasibility study and US$1.5 million advance for exploration on the Yerington Copper Project. The company also enters into a fourth amendment to the option to purchase agreement with Circle Bar N Ranch, LLC.

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) announced a joint venture agreement with Kennecott Exploration Company to advance exploration on Falcon Copper Corp.'s Cabin property and Kennecott's Muncy Creek property in Nevada. Falcon Copper will have a 60% interest if Kennecott elects to vest, and if not, Falcon Copper will retain 100% ownership, subject to a 2.0% net smelter return royalty in favor of Kennecott on the Muncy Creek property.

Lion Copper and Gold Corp. released assay results from its 2023 exploration program in the Yerington District of Nevada. The most compelling results were found at the Bear deposit, expanding its size and highlighting additional targets. The CEO believes that systematic exploration can unlock substantial new zones of high-grade copper mineralization and significantly expand the known footprint of the deposit.