Lion Copper Corp.

ENGINEERING

The PFS is on track to establish engineering inputs for infrastructure and facility siting locations and layout, trade-off studies and optimization of mine design and sequencing, as follows:

• Geotechnical test pitting and drilling programs are ongoing that will be used to inform the design of heap leach and mineral processing facilities.

• Optimization of mine design and sequencing continues following the favorable Yerington and MacArthur Mine exploration drilling results.

• Preliminary rail spur corridor design is underway.

• Updates to OPEX, CAPEX and pricing forecasts are progressing and,

• Sensitivity studies and engineering evaluations are ongoing.

"We are very pleased with the progress we're making on the Pre-Feasibility Study for the Yerington Copper Project,"said John Banning, COO of Lion CG, who is leading the team responsible for the PFS."Our team is fully aligned and remains on schedule to complete the PFS by June of this year. We are committed to keeping our shareholders informed with regular updates as we continue to advance this important project."