LION COPPER & GOLD CORP.

CEO Comment

John Banning, Chief Executive Officer, commented:

"The maiden Mineral Resource Estimate for the Bear Deposit represents a defining technical milestone for Lion and significantly enhances the scale and long-term potential of the Yerington Copper Project.

Early in my time with Lion, our Co-Chair, Dr. Tom Patton - whose career includes leading exploration teams responsible for world-class discoveries of the Diavik diamond mine in Canada and the Peñasquito silver deposit in Mexico - challenged management to 'Tackle the Bear!' That simple challenge became one of our strategic priorities. We immediately set about systematically reevaluating our existing knowledge of the deposit, geological modelling and data compilation with rigorous technical analysis to determine its true potential.

Today's Mineral Resource Estimate of approximately 6.71 billion pounds Indicated and 8.77 billion pounds Inferred is the culmination of that work and reflects the vision of the Lion Board, dedication and expertise of our employees, consultants and technical team over several years. With approximately 43% of the contained copper classified as an Indicated Mineral Resource, Bear provides a strong foundation for future engineering studies while also presenting significant opportunities to further upgrade and expand the Inferred Mineral Resource through additional drilling.

The Bear Deposit materially strengthens Lion's copper endowment and reinforces the exceptional geological potential of the Yerington Copper District. As with many large development-stage mining projects, advancing the Bear Deposit toward potential future development will require continued engineering, permitting, financing and securing any additional property interests that may ultimately be required. We believe this Mineral Resource Estimate represents an important step toward unlocking the long-term value of the Bear Deposit and creating lasting value for our shareholders."