LION COPPER & GOLD CORP.

Project Overview

The Yerington Copper Project integrates the Yerington and MacArthur deposits, located in Nevada's Yerington Copper District, a historic mining region with excellent infrastructure (rail, power, U.S. Highway 95A). The Project benefits from 100% Lion Copper and Gold owned water rights of 6,014 acre-feet/year permitted for mining use for the life of the project and de-risked permitting and mine development. The PFS envisions conventional open-pit mines feeding a heap leach operation, producing LME Grade A copper cathode via SX/EW, with Nuton's technology enhancing sulfide recoveries. The Project plans to create approximately 400 direct jobs during construction and up to 250 permanent jobs during operations, contributing significantly to the local and state economies.

The Project offers significant environmental benefits compared to traditional copper production. Benefits of the Project include utilizing previously disturbed project facilities area suitable for new mine infrastructure, using pit water for multiple beneficial uses in Mason Valley, zero discharge of water from copper processing operations, lower carbon intensity, and efficiently delivering refined copper cathode directly into U.S. supply chains. These environmental benefits are an important part of the Project being a partner in the Mason Valley to foster growth and diversity in the local economy together with the local stakeholders.

The Project is approximately 70 miles by road from Reno, Nevada, 50 miles south of Tahoe-Reno Industrial Center, and 10 miles from the nearest rail spur of Wabuska. The Project includes both the historic Yerington and MacArthur open pit mines with shared mineral processing infrastructure for operational efficiency. The Project is bordered on the east by the town of Yerington, Nevada, which provides access via a network of paved and gravel roads that were used during previous mining operations.