Lion One Metals Limited

Lion One Metals Limited

June 22, 2012 19:44 ET

Lion One Metals Announces Changes in Management

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2012) - Lion One Metals Limited (TSX VENTURE:LIO)(OTCQX:LOMLF)(FRANKFURT:LY1) (the "Company") announces that Mr. Kelly Fielder has resigned as Corporate Secretary and Director of the Company, for personal reasons. Mr. Hamish Greig has accepted the position of Vice President and Corporate Secretary and joins the Company's Board of Directors.

"I wish to express my gratitude to Mr. Fielder for his contributions to the Company and for building our operations base in Fiji, and wish him well with his future endeavors," said Walter H. Berukoff, Chairman of the Lion One board.

Lion One Metals is a gold exploration company focused on the redevelopment of the Tuvatu Gold Project on the island of Viti Levu in Fiji. Lion One plans to advance Tuvatu towards production over the next two years and expects to increase current NI 43-101 compliant resources through exploration on portions of Tuvatu previously taken through feasibility-stage studies by previous operators.

On Behalf of the Board of Directors

Walter H. Berukoff, Chairman of the Board

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited's current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.

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