Fiji’s Next Gold Producer December 2014
Forward Looking Statements Certain information contained or incorporated by reference herein, including This presentation uses the terms “inferred resources” and “measured & any operating performance of Lion One Metals Limited (“Lion One”), indicated resources”. Lion One advises you that these terms are recognized constitutes "forward-looking statements". All statements, other than by Canadian securities regulations (under National Instrument 43-101 statements of historical fact, are forward-looking statements. The words “Standards of Disclosure for Mineral Projects”). You are cautioned not to “projected”, “attributable”, “potential”, “will” and similar expressions assume that any part or all of the mineral deposits in these categories will identify forward-looking statements. Forward-looking statements are ever be converted into reserves. In addition, “inferred resources” have a necessarily based upon a number of estimates and assumptions that, while great amount of uncertainty as to their existence, and economic and legal considered reasonable by Lion One are inherently subject to significant feasibility. It cannot be assumed that all or any part of an inferred mineral business, economic and competitive uncertainties and contingencies. Known resource will ever be upgraded to a higher category. Under Canadian rules, and unknown factors could cause actual results to differ materially from estimates of inferred mineral resources may not form the basis of feasibility those projected in the forward-looking statements. Such factors include, but or pre-feasibility studies, or economic studies except for a preliminary are not limited to: fluctuations in the currency markets; fluctuations in the assessment as defined under NI 43-101. You are cautioned no to assume spot and forward price of gold or certain other commodities; changes in that part or all of an inferred resource exists, or is economically or legally national and local government legislation, taxation, controls, regulations mineable. and political or economic developments in Canada or other countries in The content of this presentation has been reviewed by Mr. Rob McLeod, which Lion One does or may carry on business in the future; business P.Geo, a consultant to the Company and a Qualified Person for the purposes opportunities that may be presented to, or pursued by, Lion One the ability of National Instrument 43-101. to successfully integrate acquisitions; operating or technical difficulties in connection with, mining or development activities; the speculative nature of The information contained herein is confidential and does not constitute a gold exploration and development, including the risks of obtaining necessary recommendation by Lion One its agents or any vendor party nor does it form licenses and permits; diminishing quantities or grades of reserves; adverse the basis of any contract or offer for the sale of the business of gold changes in the credit rating; and contests over title to properties. In exploration, development and mining. The recipient of the information addition, there are risks and hazards associated with the business of gold contained herein agrees that the information is to be considered confidential exploration, development and mining, including environmental hazards, and proprietary to Lion One and shall hold the same in confidence, shall not industrial accidents, unusual or unexpected formations, pressures, cave-ins, use it other than for the purposes of its business with Lion One and shall flooding and gold bullion losses (and the risk of inadequate insurance, or disclose it only to its officers, directors, or employees with a specific need to inability to obtain insurance, to cover these risks). Many of these know. The recipient will not disclose, publish or otherwise reveal any of the uncertainties and contingencies can affect the actual results and could cause confidential information contained herein to any other party whatsoever actual results to differ materially from those expressed or implied in any except with the specific prior written authorization of Lion One . forward-looking statements made by, or on behalf of, Lion One . You are cautioned that forward-looking statements are not guarantees of future performance. 2 2 2
Company Advancing Fiji’s Next Gold Startup • Emerging gold company listed on TSX-V: LIO • Veteran team with impressive track record in mine development and M&A transactions • Strong capital structure and insider ownership • Advancing Tuvatu to production, discovering value in Fiji 3 3 3
Tuvatu Gold Project Value Drivers: • High grade gold resource in stable mining region; feasibility study carried out by previous operator • Updating mine plan and project economics • Mine permitting underway ; Environmental approvals, 21 year surface lease agreement signed in 2014 4 4 4
In Progress - Processing Plant Studies - Mine Planning and Scheduling - Geotechnical Studies and Tailings Dam Design - Ongoing exploration - Mine Permitting 5 5 5
Leadership Chairman, & CEO Walter H. Berukoff Previous companies started, built, and later sold; founder & former CEO of Northern Orion Resources : acquired for $1.1 Billion by Yamana Gold in 2007 Miramar Mining: acquired for $1.5 Billion by Newmont in 2008 La Mancha Resources: acquired for $499 million by Weather II in 2012 20 mines developed in 7 countries 6 6 6
Capital Structure Shares Issued: 60,175,608 Stock Market Listings Canada TSX-V: LIO Options: 4,240,000 Australia ASX: LLO (CDI’s) Fully Diluted: 64,415,608 USA OTCQX: LOMLF Recent Price: $0.25 Market Cap: $15 million Cash: $7 million Percentage held by insiders: 33% 7 7 7
People Walter Berukoff, Chairman & CEO; Founder Richard Meli, Director; Former Kennecott, and CEO of Miramar Mining, Northern Orion, La Mancha; former SVP of Mergers and La Mancha Resources; Red Lion Management Acquisitions at Rio Tinto Stephen Mann, Managing Director; Geologist, George S. Young, Director; Former Former Utah Development Corp., BHP, President & Director MAG Silver, Former Newcrest; Managing Director of AREVA Director International Royalty Corp. Australia and Avocet Resources Kevin Puil, Director; CFA, Former Portfolio Samantha Shorter, Chief Financial Officer; Manager at Malcolm Gissen & Associates, CA, former audit manager at major Canadian and Senior Analyst at the Encompass Fund accounting firm specializing in mining industry Stephanie Martel, VP Admin; Chief Operating Hamish Greig, VP, Director, Corporate Officer of Red Lion Management and Lion One Secretary; 15 years experience in investor Limited Fiji relations, corporate finance and administration 8 8 8
High Grade Resource Excerpt from “Technical Report and Resource Estimate on the Tuvatu Gold Deposit” Dated June 4, 2014 Cutoff Indicated Resource (diluted) Inferred Resource (diluted) g/t tonnes g/t oz. Au tonnes g/t oz. Au 1.0 1,943,000 5.61 350,300 3,022,000 5.8 561,000 2.0 1,435,000 7.07 326,200 2,156,000 7.5 520,000 3.0 1,101,000 8.46 299,500 1,506,000 9.7 468,000 5.0 683,000 11.25 247,000 872,000 13.9 390,000 - Minimum widths of 1.2m (ranging up to 9m) for mineralized structures; average width of 2m in resource model - Free gold present in both fine and coarse grains amenable to conventional gravity processing - Gold also contained in quartz or pyrite composite particles amenable to extraction by floatation and leaching 9 9 9 9
Location Tuvatu: a low-sulphidation, narrow vein, high grade epithermal gold system in Fiji; Located along trend from 7 million oz. historic production at Vatukoula; Situated in one of Fiji’s major volcanic intrusive complexes Frieda River (Xstrata) 51 Mt @ 0.57 g/t Au & 2.43% Cu (Nena) Lihir (Newcrest) 880 Mt @ 2.1 g/t Au Hidden Valley (Harmony-Newcrest) 59 Mt @ 1.5 g/t Au Wafi Golpu (Newcrest-Harmony) 590 Mt @ 0.76 g/t Au Porgera (Barrick) 40.3 Mt @ .08 g/t Au Vatukoula (VGM) 21 Mt @ 6.0 g/t Ok Tedi (OTML) 391 Mt @ 0.77 g/t Au & 0.58% Cu (2009) 10 10 10
Infrastructure - Close to international airport at Nadi Lautoka and deep water port at Lautoka - Close to urban centers and skilled mining workforce Tuvatu - Lion One Fiji head office and Nadi LIO tenements industrial compound located 1 km from airport; less than 20 km to fully equipped site camp at Tuvatu 10 km Nadi 11 11 11
Geology Section view along exploration decline GM contours Eleven lodes delineated in main Upper Ridges mineralized zone - Strike length of NS lodes varies from 150m to over 600m; not drilled past 300m depth - E-W striking Murau zone consists of two major lodes with mapped strike Vatukoula length in excess of 800 m 41 lodes identified, 37 modelled in 2014 resource estimate Tuvatu Intermediate wavelength gravity field; western Viti Levu Excerpted from 1998 AusAid Fiji Airborne Geophysical Survey 12 12 12
Tenements Special Prospecting Licenses Tuvatu SPL’s 1283, 1296, 1465 21 Year Surface Lease Lion One Fiji Intl. Airport Mine Licensing Underway 13 13 13
Environment - Environmental Impact Assessment approved in 2013 - Environmental approvals in 2014 for Construction and Operations at Tuvatu - Over 240 meetings with communities and stakeholders over 4 years - Recommendation for mining to commence 14 14 14
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