(GLIOF) – Gold Lion Establishes Special Committee to Investigate Battery Recycling Technologies; In addition to ongoing exploration activities

Vancouver, British Columbia – TheNewswire – June 13, 2022 – Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE:GL) (CNSX:GL.CN) (OTC:GLIOF) (FWB:2BC) is pleased to announce that it has appointed a special committee (the “Special Committee”) founded to research next-generation battery recycling technologies, with the aim of complementing its ongoing exploration activities. Gold Lion has a diverse portfolio of property claims spanning British Columbia, Saskatchewan and Idaho, US, and is actively involved in the exploration of precious metals and battery metals.

The formation of the Special Committee encourages Gold Lion to initiate due diligence on battery recycling technologies that promote sustainable circular economic value for the global battery/electronics supply chain for critical materials such as gold, silver, cobalt, copper, lithium, nickel , manganese and zinc.

The global automotive battery recycling market is expected to boom in 2028 due to the high demand for lithium-ion batteries in electric vehicles around the world. The hydrometallurgical process sub-segment is expected to be highly lucrative due to its wide adoption for automotive battery recycling. $19,222.3 million market and growth at 8.1% CAGR over the time frame of 2022-20281.

It is expected that 12 million tons of used lithium-ion batteries per year will be available for recycling by 2030, but with the inefficient recycling methods used today, the value of the materials in these batteries will be lost in a black slag, polluting the environment, and will not be reused for the production of new lithium-ion batteries. Using optimal closed loop recycling processes, Gold Lion Resources can recover tons of cobalt, copper, lithium, nickel, manganese and zinc with low environmental risk and minimal capital expenditure2.

Guy Bourgeois, CEO of Gold Lion commented: “Gold Lion follows a clear strategy to ramp up battery supply chains while conserving resources through its ongoing exploration activities and now through its special commission. Sustainable battery recycling is a key factor in this global energy revolution With new recycling technology and methodology, we are increasing the recycling rate while expanding our expertise in creating battery value and creating wealth for our investors.”

About Gold Lion Resources Inc.

Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its precious metals focused portfolio, which includes Black Lake, Cuteye and Fairview Properties in British Columbia, Saskatchewan and Idaho, USA. For more information, visit: https://goldlionresources.com/.

ON BEHALF OF THE BOARD OF DIRECTORS

Guy Bourgeois, CEO

T: 902.225.8881

info@goldlionresources.com

The CSE and the Information Service Provider have not reviewed the accuracy or appropriateness of this release and assume no responsibility.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Often, but not always, forward-looking information and information can be identified through the use of words such as “plan”, “expect” or “don’t expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and expressions or states that certain actions, events or results “may”, “could”, “could” or “will” have been taken, occur or be reaches. Actual future results may differ materially. In particular, this release contains forward-looking information regarding the Company’s anticipated benefits of establishing a special committee to explore next-generation battery recycling technologies and opportunities that will arise from the results of their due diligence. The forward-looking information reflects management’s current expectations based on information currently available and is subject to a number of risks and uncertainties that could cause results to differ materially from those discussed in the forward-looking information. Such risk factors may include, but are not limited to: general economic conditions in Canada and worldwide; industrial conditions, including government and environmental regulations; the availability of capital on acceptable terms; the need to obtain required regulatory approvals; stock market volatility; competition for, among other things, skilled personnel and supplies; inaccurate estimates of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the expected benefits of acquisitions and disposals; and the other factors. While the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, such information should not be relied upon undue reliance and no assurance can be given that such events will occur within the timeframes disclosed or entirely. will not occur. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; and (ii) other factors beyond the Company’s control. From time to time, new risk factors emerge and it is impossible for the company’s management to predict all risk factors, nor can the company assess the impact of all factors on the company’s business or the extent to which any factor, or combination of factors, could cause actual results to differ from those shown in forward-looking information. The forward-looking information in this press release is prepared as of the date of this press release and the company expressly disclaims any intent or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by the applicable law. Additional information identifying the risks and uncertainties that could affect financial results can be found in the company’s filings with Canadian securities regulators, which are available at www.sedar.com.

1 Source. Investigation Dive, Global Newswire March 29, 2022

2 Source. The Guardian Xiao Zhi Lim August 20, 2021

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This post (GLIOF) – Gold Lion Establishes Special Committee to Investigate Battery Recycling Technologies; In addition to ongoing exploration activities was original published at “https://www.benzinga.com/22/06/27777725/gold-lion-to-establish-special-committee-to-investigate-battery-recycling-technologies-complementing”

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