Lion One Metals is advancing the Tuvatu gold mining project in Fiji. The project has an inferred resource of 1.5 million tonnes at 9.47 g/t gold for 468,000 ounces. It has a low capital expenditure of $48 million and is projected to have robust economics, including a 52% IRR, 1.5 year payback period, and $145 million in net cash flow. The project remains open at depth and along strike with potential for additional discoveries.

1. LION ONE METALS
FIJI GOLD TUVATU
SUBSCRIBER INVESTMENT SUMMIT
HAMISH GREIG, VP & DIRECTOR
OCT. 8, 2015
1
ADVANCING FIJI’S NEXT GOLDMINING STARTUP

2. DISCLAIMER
Forward Looking Statements and
Qualified Person
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 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 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 .
Assumptions in this presentations are based on results from the Preliminary Economic
Assessment dated July 14, 2015 and use US dollars unless otherwise specified
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3. TUVATU OPPORTUNITY
• HIGH GRADE UNDERGROUND GOLD MINING PROJECT
• PERMITTED FOR DEVELOPMENT AND MINING BY FIJI GOVERNMENT
• 21 YEAR SURFACE LEASE AND MINING LEASE
• ENVIRONMENTAL APPROVALS AND COMMUNITY SUPPORT
• ROBUST ECONOMICS DEMONSTRATED AT CURRENT GOLD PRICES
3

4. 1.5 MILLION TONNES INFERRED
@ 9.47 G/T FOR 468,000 OUNCES
4
US$48 MILLION CAPEX
FOR 219,000 TPA PRODUCTION
352,000 OZ. GOLD @ 11.3 G/T OVER 7 YEARS
C$145 MILLION NET CASH FLOW
CASH COSTS OF US$567 PER OZ.
AISC OF US$779 PER OZ.
15 MONTHS PRE-PRODUCTION AND
UNDERGROUND DEVELOPMENT
1.1 MILLION TONNES INDICATED
@ 8.46 G/T FOR 299,500 OUNCES
RESOURCES
LOW CAPEX RAPID PAYBACK ROBUST RETURN
US $48 MILLION 1.5 YEARS 52% IRR after tax
TUVATU ECONOMICS

5. WALTER H. BERUKOFF | CHAIRMAN & CEO
MERCHANT BANKER | FOUNDER | FORMER CEO:
NORTHERN ORION RESOURCES acquired for $1.1 Billion by Yamana in 2007
MIRAMAR MINING acquired for $1.5 Billion by Newmont Mining in 2008
LA MANCHA RESOURCES acquired for $500 million by Sawiris’ Orascom in 2012
STEPHEN MANN | MANAGING DIRECTOR
GEOLOGIST | DISCOVERY | DEVELOPMENT | PRODUCTION
Successful track record for BHP, NEWCREST, AREVA, and AVOCET
Former Managing Director for AREVAAustralia (La Mancha RTO)
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LION ONE LEADERSHIP

6. NORTHERN ORION RESOURCES acquired for $1.1 Billion by Yamana in 2007
- MANTUA, Cuba
- AGUA RICA, Argentina (Yamana)
MIRAMAR MINING acquired for $1.5 Billion by Newmont Mining in 2008
- CON, NWT
- HOPE BAY, NWT (T-Mac Resources IPO 2015)
LA MANCHA RESOURCES acquired for $500 million in 2012
- FROG’S LEG & WHITE FOIL, WA (Acquired by Evolution Mining for A$300 million 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$78 million 2015)
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BERUKOFF & MANN
PREVIOUS EXPERIENCE

7. ACQUIRED EMPEROR GOLD MINES IN 2007
- VATUKOULA MINE ACQUIRED BY RED LION
- TUVATU WAS IN DEVELOPMENT PIPELINE
- EMPEROR – IVANHOE – DRD
- MINING ASSETS SOLD TO VGM
- EXPLORATION AND DEVELOPMENT ASSETS
ACQUIRED BY LION ONE
SIGNIFICANT DE-RISKING SINCE 1997
• PRE-FEASIIBILITY STUDY1
• FEASIBILITY STUDY1
• EXPLORATION DECLINE
• 100,000 METERS DRILLING
• 4 INDEPENDENT METALLURGICAL STUDIES
• UNDERGROUND BULK SAMPLE TESTWORK
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11: These reports are historical and are not compliant with NI 43-101. A qualified person has not done sufficient work to classify the historical estimate as
current mineral resources or mineral reserves and Lion One is not treating the historical estimates as current mineral resources or mineral reserves.
FIJI GOLD HISTORY

8. 8
MINE PLAN INCLUDES PRODUCTION OF 257,200 OZ. AU
OVER YEARS 2-3-4 AT AVG. GRADE OF 15.76 G/T
Stope No. tonnes Grade g/t Au
S1 14,505 18.37
S2 13,685 16.69
S3 16,958 14.42
S4 15,220 21.26
S5 7,663 17.14
S6 14,833 12.34
S7 8,180 25.02
Gold NPV 5% IRR Payback Undiscounted
Per oz. after tax after-tax
Post-tax
(years)
Net cash flow
$USD $USD $ USD
1,000 45,227,847 33% 2 62,376,147
1,100 65,508,126 43% 1.75 87,057,303
1,200 86,649,949 52% 1.5 112,663,317
1,300 107,791,771 62% 1.33 138,269,330
1,400 128,933,594 71% 1.25 163,875,344
STEEPLY DIPPING VEINS SUITABLE
FOR SHRINKAGE STOPING
YEAR 1 STOPES
SENSITIVITIES
TUVATU SENSITIVITIES

9. • -
• DEPOSIT REMAINS OPEN AT DEPTH AND ALONG STRIKE
• EXTENSIVE HIGH GRADE PROSPECTS WITHIN MINING LEASE
• ADDITIONAL DISCOVERY POTENTIAL IN VOLCANIC CALDERA SETTING
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LION ONE TUVATU GOLD

10. 10
PORGERA LIHIR VATUKOULA
WAIHI
OCEANA PURCHASED WAIHI FROM
NEWMONT FOR US$101 MILLION IN 2015
360,000 OZ. GOLD; 2.0 MT @ 5.5 G/T AU
MAJOR SOUTH PACIFIC VOLCANIC SYSTEMS
TUVATU - NAVILAWA
LION ONE TUVATU GOLD
2 KM

11. Major Shareholders: Management & Directors: 33%
Franklin Templeton Gold & Precious Metals Fund: 4.88%
SHARES OUTSTANDING 60 MILLION
RECENT PRICE CAD $0.35
MARKET CAPITALIZATION CAD $21 MILLION
TUVATU PROJECT NPV5% CAD $112 MILLION after tax
PROJECT CASH FLOW CAD $145 MILLION undiscounted, after tax
LOW CAPEX RAPID PAYBACK ROBUST RETURN
US $48 MILLION 1.5 YEARS 52% IRR after tax
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VALUATION UPSIDE
TRANSACTION POTENTIAL