Lion One Metals Limited presented on its Tuvatu Gold Project in Fiji. The project has one of the highest grade new gold deposits in the world, with an average head grade of 11.3 g/t gold. An underground mine plan targets 1.1 million tonnes of ore over a 6 year mine life, producing an average of 57,320 ounces of gold annually. At a gold price of $1,200/ounce, the project has an after-tax NPV of $86 million and IRR of 52%. The project is fully permitted for production.

1. FIJI GOLD
LION ONE METALS
Tuvatu Gold Project
January 2016 Presentation

2. Disclaimer
Forward Looking Statements and Qualified Person
January 2016 Lion One Metals Limited 2
Certain information contained or incorporated by reference herein, including any
operating performance of Lion One Metals Limited (“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 local government
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 & indicated
resources”. Lion One advises you that these terms are recognized by Canadian
securities regulations (under National Instrument 43-101 “Standards of Disclosure for
Mineral Projects”). 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
economic assessment as defined under NI 43-101. You are cautioned not to assume
that part or all of an inferred resource exists, or is economically or legally mineable.
The content of this presentation has been reviewed by Mr. Rob McLeod, P.Geo, a
consultant to the Company and a Qualified Person for the purposes of National
Instrument 43-101.
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 to know. 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 .

3. Tuvatu Gold Project
January 2016 Lion One Metals Limited 3
ASX: LLO :LOMLF
One of the highest grade new gold projects in the world,
fully permitted for production by the Government of Fiji
Low capex of US$48.6 million for underground gold
project in SW Pacific goldfield
Robust economics at current and lower gold prices,
significant upside to increases in gold price
Lead by an experienced mining entrepreneur and founder
of three mining companies built and sold for C$3 Billion
Lion One personnel (L to R):
Mr. Walter H. Berukoff, Chairman & CEO
Mr. Moape Navia, Tuvatu Mine Manager
Mr. Stephen Mann, Managing Director

4. January 2016 Lion One Metals Limited 4
Mining License Area
Exploration License Areas
Caldera
Port of Lautoka
35 km
Nadi town center
20 km
Permits, Licenses, Locations
 Mining Lease
 21 Year Surface Lease
 EIA & EMP
 Community Support
Lion One Fiji office
15 km
10 km
7M oz. Au
Fiji
Tuvatu
SML 62

5. Processing Plant Design
January 2016 Lion One Metals Limited 5
 Economic study includes fixed cost
EPC quote for $25 million plant,
through construction to
commissioning;
 Throughput of 400 tonnes per day;
219,000 tonnes per year
 Two stage crushing & grinding
followed by gravity concentration,
flotation, and leaching;
 Extensive metallurgical testwork Tuvatu Plantsite Layout

6. Mine Plan
January 2016 Lion One Metals Limited 6
100 m
Deposit consists of steep dipping parallel quartz veins, widths ranging from
<1m to 8m; stopes averaging 60m x 60m x 2m vein average thickness
Projection of
current decline
Average head grades of 11.3 g/t
Operating costs US$567 per oz.
and US$779 per oz. all in costs
15 month development and
preproduction schedule; 1.5 year
payback on capital after tax
Projected production of 352,000
oz. Au including 226,000 oz. Au in
first 3 years;
Projected revenues of US$423
million and cash flow of US$112
million after tax

7. Tuvatu Underground
January 2016 Lion One Metals Limited 7
Vein intersections of
SKL – Nasivi Zone
Steep dipping veins
of UR1 & UR2 Zone
Existing underground includes 1,600 meters of decline, strike, and raise development
Mineralized zones accessible through existing decline
decline
decline
planned stope

8. January 2016 Lion One Metals Limited 8
Select Channel Samples:
SKL Nasivi Zone
Drift Channels
3.03m @ 43.43 g/t Au
3.00m @ 50.52 g/t
3.40m @ 79.37 g/t
3.00m @ 83.85 g/t
3.60m @ 109.19 g/t
Rib Channels
1.85m@ 26.47 g/t
2.10m @ 33.10 g/t
2.30m @ 50.06 g/t
3.10m @ 116.32 g/t
2.35m @ 290.60 g/t
20 m
20 m
20 m
High Grade Channels
Source: Emperor Gold Mining Co. (1998)
Select Rib Channels:
UR1 & UR2 Zones
2.9m@ 12.18 g/t Au
2.3m @ 13.79 g/t
2.6m @ 14.14 g/t
2.9m @ 14.15 g/t
2.2m @ 14.51 g/t
2.5m @ 14.76 g/t
2.3m @15.58 g/t
2.05m @ 17.46 g/t
2.6m @ 33.99 g/t
2.6m @ 46.6 g/t
2.5m @ 72.47 g/t
2.2m @ 72.616 g/t

9. Highest Grades
January 2016 Lion One Metals Limited 9
Source: Mining.com article “The world’s highest grade gold mines” Vladimir Basov July 16, 2015
Mine Country Owner Grade g/t Reserve
tonnes 000’
Oz. Au
Fire Creek USA Klondex 44.1 170 172,000
Macassa Canada Kirkland Lake 22.2 1,330 950,000
Kedrovka Russia Zapadnaya 22 380 269,000
Turquoise Ridge USA Barrick 16.9 10,932 5,943,000
Toguraci Indonesia Newcrest 16 1,000 514,000
Orcopampa Peru Buenaventura 15.8 630 321,000
Dvoinoye Russia Kinross 15 2,137 1,028,000
Pinson USA Atna 13.8 353 157,000
Midas USA Klondex 12.9 220 92,000
Pimenton Chile Cerro Grande 11.1 138 49,000
Ore reserves are Proven & Probable, except for Kedrovka, where A+B categories calculated

10. Production Summary
January 2016 Lion One Metals Limited 10
Project Production Summary Basis of Estimate
Total ore mined and processed 1,125,548 tonnes (dry)
Average head grade 11.30 g/t Au per tonne
Contained gold in mined ore 408,958 oz. Au
Recovered gold 352,931 oz. Au
Average recovery 86.3%
Production mine life 6.16 years
Nominal production rate 219,000 tonnes per year
Average annual production 182,802 tonnes per year
Average annual production 57,320 oz. Au per year

11. Robust Economics
January 2016 Lion One Metals Limited 11
ASX: LLO :LOMLF
LIO: C$24 M
Market cap
60M Shares@$0.40
33% IRR
after tax
@ $US 1,000 Gold
43% IRR
after tax
@ $US 1,100 Gold
52% IRR
after tax
@ $US 1,200 Gold
US$86M NPV
After tax
@ US $1,200 Gold

12. Walter H. Berukoff, CEO
January 2016 Lion One Metals Limited 12
Notable Projects, Companies, and Transactions Include:
(as founder & former CEO)
Northern Orion acquired for $1.1B by Yamana Gold in 2007
- Mantua, Cuba
- Agua Rica, Argentina
Miramar acquired for $1.5B by Newmont in 2008
- Con, Hope Bay, NWT (T-Mac IPO 2015)
La Mancha RTO of AREVA minerals assets in 2006
La Mancha acquired for $500M in 2012
- Frog’s Leg & White Foil, Western Australia
(Acquired by Evolution Mining for A$300M in 2015)
- Hassai VMS, Sudan
(La Mancha sold its 44% for US$100 million in 2015)
- Ity Gold, Cote d’Ivoire
(55% acquired by Endeavour Mining for US$78M in 2015)
Emperor Gold Mining Co. assets in Fiji acquired in 2008

13. Company Contacts
Thank you
January 2016 Lion One Metals Limited 13
Lion One Metals Limited
311 West 1st Street, North Vancouver, BC, Canada, V7M 1B5
Toll Free within North America: 1.855.805.1250
tel: 604.998.1250 fax: 604.998.1253
e: info@liononemetals.com w: www.liononemetals.com
Stephen Mann, Managing Director (Perth, WA) Tel: 604-973-3007
Hamish Greig, Vice President (Vancouver, BC) Tel: 604-973-3008
Joe Gray, Investor Relations (Vancouver, BC) Tel: 604-973-3004
Toll Free IR Line (North America) Tel: 1-855-805-1250