Gold Lion Provides Management Update

Christopher Paul has been the Exploration Manager of Gold Lion since February 2020. Mr. Paul holds a B.Sc. in Geology from Simon Fraser University and a Diploma in Mining & Mineral Exploration Technology from the British Columbia Institute of Technology. He has served in various senior exploration management roles including most recently as Vice President of Exploration for Golden Ridge Resources Ltd. where he was fundamental in the discovery of the Williams copper gold porphyry in the Golden Triangle region of British Columbia. Mr. Paul is a founder of Ridgeline Exploration Services Inc., an integrated geological and geophysical exploration services company with a full suite of senior geologists, geochemists, geophysicists, structural and resource geologists. Mr. Paul brings over fifteen years of geological and corporate experience to the Company's management team.

The appointment follows the resignation of Mr. Oliver Friesen as the Company's CEO and Corporate Secretary effective immediately. Mr. Friesen remains a valuable member of the Company's technical team and has been appointed to the Company's board of directors effective immediately following Mr. Houman Ershadi's resignation from the board of directors.

Gold Lion wishes to thank Mr. Ershadi for his contributions to the Company and wishes him well with his current and future endeavors.

The Company also announces that it has issued 625,000 incentive stock options to an officer of the Company at a price of $0.18 per common share for a period of five years, pursuant to its Stock Option Plan.

About Gold Lion Resources Inc.

Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its precious metal focused portfolio including the South Orogrande, Erikson Ridge, Robber Gulch, Cuteye and the Fairview Properties located in Idaho and British Columbia. For more information please visit: https://goldlionresources.com/.

ON BEHALF OF THE BOARD OF DIRECTORS

Christopher Paul, CEO

T: +1 (250)762-5777

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Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for Gold Lion Resources described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com.

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