Lion One Metals - Tuvatu Gold Project - Dec 2011 Presentatn

8/3/2019 Lion One Metals - Tuvatu Gold Project - Dec 2011 Presentatn

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Forward Looking Statements

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Certain information contained or incorporated by reference herein, including

any operating performance of Lion One Metals Ltd. (Lion One ), constitutes

"forward-looking statements". All statements, other than statements of

historical fact, are forward-looking statements. The words projected,

attributable, potential, will and similar expressions identify forward-

looking statements. Forward-looking statements are necessarily based upon

a number of estimates and assumptions that, while considered reasonable by

Lion One are inherently subject to significant business, economic and

competitive uncertainties and contingencies. Known and unknown factors

could cause actual results to differ materially from those projected in the

forward-looking statements. Such factors include, but are not limited to:

fluctuations in the currency markets; fluctuations in the spot and forward

price of gold or certain other commodities; changes in national and localgovernment legislation, taxation, controls, regulations and political or

economic developments in Canada or other countries in which Lion One does

or may carry on business in the future; business opportunities that may be

presented to, or pursued by, Lion One the ability to successfully integrate

acquisitions; operating or technical difficulties in connection with, mining or

development activities; the speculative nature of gold exploration and

development, including the risks of obtaining necessary licenses and permits;

diminishing quantities or grades of reserves; adverse changes in the credit

rating; and contests over title to properties. In addition, there are risks and

hazards associated with the business of gold exploration, development and

mining, including environmental hazards, industrial accidents, unusual or

unexpected formations, pressures, cave-ins, flooding and gold bullion losses

(and the risk of inadequate insurance, or inability to obtain insurance, to

cover these risks). Many of these uncertainties and contingencies can affect

the actual results and could cause actual results to differ materially from

those expressed or implied in any forward-looking statements made by, or on

behalf of, Lion One . You are cautioned that forward-looking statements are

not guarantees of future performance.

This presentation uses the terms inferred resources and measured &

indicatedresources. Lion One advises you that these terms are recognized

by Canadian securities regulations (under National Instrument 43-101

Standards of Disclosure for MineralProjects). You are cautioned not to

assume that any part or all of the mineral deposits in these categories will

ever be converted into reserves. In addition, inferred resources have a

great amount of uncertainty as to their existence, and economic and legal

feasibility. It cannot be assumed that all or any part of an inferred mineral

resource will ever be upgraded to a higher category. Under Canadian rules,

estimates of inferred mineral resources may not form the basis of feasibility

or pre-feasibility studies, or economic studies except for a preliminary

assessment as defined under NI 43-101. You are cautioned no to assume

that part or all of an inferred resource exists, or is economically or legallymineable.

The information contained herein is confidential and does not constitute a

recommendation by Lion One its agents or any vendor party nor does it form

the basis of any contract or offer for the sale of the business of gold

exploration, development and mining. The recipient of the information

contained herein agrees that the information is to be considered confidential

and proprietary to Lion One and shall hold the same in confidence, shall not

use it other than for the purposes of its business with Lion One and shall

disclose it only to its officers, directors, or employees with a specific need toknow. The recipient will not disclose, publish or otherwise reveal any of the

confidential information contained herein to any other party whatsoever

except with the specific prior written authorization of Lion One .


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Tuvatu and Analog

Vatukoula:

11M oz. gold

Tuvatu

Key Features

Same VolcanicTrend

Same BasicGeology

Same GravitySignature

Same PhysicalDimensions andScale

Same GeologicAge andFormativeEvents

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Location, Location, Location

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Fiji

Frieda River

15 M oz. Au

Grasberg46 M oz. Au

Porgera9 M oz. Au

Ok Tedi16M oz. Au

Wafi Golpu16M oz. Au

Gold Ridge1.5M oz. Au

Lihir

56 M oz. Au

Fiji

PNG

Solomon Islands

Vatukoula11M oz. Au

Namosi6.5M oz. Au

AustraliaTuvatu


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Mission Statement

Become a World Class Gold Producer

in the Pacific Rim

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Pro-Mining Government

(Fiji Times, Dec. 12, 2011)

The miningindustry is on(a) roll

The Mineral Resources Department is anticipating

another find with huge prospects(at) Tuvatu.

Tuvatu (is) earmarkedto be one of the big players in themining sector in the next few years.- Fiji Mineral

Resources Department Director Malakai Finau

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Walter H. Berukoff Gold Company Builder

Chairman & CEO - Lion One Metals

Founded:

Northern Orion: acquired by Yamana - $1.09 billion

Miramar Mining: acquired by Newmont - $1.53 billion

La Mancha: 120,000 oz./ year gold producer; 4 operatinggold mines; 2 million oz. resource base

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Key Investment Attributes

$18 million cash

No debt

40% insider ownership

40% institutional ownership

Market Cap

Currently $50 million

12 month range $50-$100 million

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Year 2000 Feasibility Study

Conducted by Tuvatus Previous Owner

Covered Only Previously-Drilled AreaExcludes Any Bulk Tonnage Potential

Assumptions: 3 g/t cutoff grade Production rate: 80,000 oz. / year

Mine life: 6.5 years Est. operating costs: $191/ounce

Gold Price Sensitivity (5% discount rate): $350/oz. NPV $36 million

$750/oz. NPV $200 million $1,500/oz. NPV $500 million

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20 Km Project Area

High Grade Outcrops

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Previously-Drilled Area


Drilling Conducted byTuvatus Previous Owner:

60,000 meters core drilling27,000 meters RC drilling

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Previous Drilling Program:

- 60,000 meters core drilling- Only 15,000 meters of core assayed

Representative Grades include:- 4.2 g/t over 94 m- 1.75 g/t over 47.6 m

- 2.3 g/t over 51.6 m- 5.1 g/t over 38.5 m

Bonanza Grades include:- 53.96 g/t over 9 m- 68.7 g/t over 1.37 m

- 79.2 g/t over 1.25 m- 107 g/t over 5.75 m- 285 g/t over 3.72 m

Surface Samples include: one at 1715 g/tand five samples over 100 g/t

Photo of core in boxes

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World Class Bulk Tonnage Potential

High grade veins overprinting bulk tonnage porphyry system

Current Work Program

Assaying All Drill Core inPreviously-Drilled Area

CompletingComprehensive IPSurveys

Scope to SignificantlyReduce Cutoff grade

Potent ia l to increase resourcein prev ious ly-dr i l led area to

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Multiple Additional Target Areas


Future High Grade and Bulk Tonnage Targets

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Well-Developed Infrastructure

20 Km from Nadi International Airport

Company compound and site camp

Roads and power lines cross property

40 Km from deep water port in Lautoka

Access to abundant water resources

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Technical Team - 120 Years Combined Experience

Brian Hall, P. Geo, Director

Helen Grond, P. Geo, VP Exploration

David Pals, P. Geo, GIS-Database Manager

Sekonaia Bulu, Geologist (former Vatukoula)

Jerry Taganesia, Geologist

Aminisitai Loco, Geologist

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Action Plan/Milestones

2012:

Core sampling and relogging

Surface exploration and drilling

Resource modeling

Significant resource expansion

NI 43-101 Resource Estimates

Thereafter: Feasibility, Development, Production

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Outstanding Investment Opportunity

Prolific Gold Geologic Setting

Walter Berukoff Proven Track Record

Fully Funded No Debt

Contained Capital Structure

Pro-Mining Government

Widely Evidenced Commercial/Bonanza Ore Grades

First-Rate Technical Team

Well-Developed InfrastructureWorld Class Potential

Significantly Undervalued in the Market

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311 West 1st Street, North Vancouver, BC, Canada, V7M 1B5Toll Free within North America: 1.855.805.1250t: 604.998.1250 f: 604.998.1253e: [email protected] w: www.liononemetals.coms: TSX-V: LIO OTCQX: LOMLF FSE:LY1

Documents

Lion One Metals - Tuvatu Gold Project - Dec 2011 Presentatn