LION COPPER & GOLD CORP.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of applicable United States securities laws, including the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Bear Deposit, the Mineral Resource Estimate, the potential upgrading or conversion of the Mineral Resource, future exploration, drilling, geological interpretation engineering, mine planning, technical studies, permitting, financing, property acquisitions, access rights, and the earn-in arrangement. Forward-looking statements are generally identifiable by words such as "may", "will", "expect", "intend", "plan", "believe", "anticipate", "estimate", "potential", "could", "should" and similar expressions, and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially, including risks relating to mineral resource estimation, exploration results, technical studies, metal prices, permitting, financing, title, access and property rights, environmental and regulatory matters, and market conditions.

Forward-looking statements are based on assumptions that management believes to be reasonable as of the date of this news release, including assumptions regarding the accuracy of the Mineral Resource Estimate and supporting technical information, metal prices, recovery assumptions, operating and capital cost assumptions, availability of financing, regulatory and permitting timelines, access to lands and infrastructure, and the ability to obtain or maintain necessary property interests and authorizations.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. Such risks include, without limitation, uncertainty of Inferred Mineral Resources, inability to convert Mineral Resources to Mineral Reserves, commodity prices, metallurgical recoveries, capital and operating costs, availability of equipment, labor and services, permitting and environmental matters, title, surface rights and property access, financing availability, and general economic, political and industry conditions.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.