Gold Lion Appoints Jin to Board of Directors and Receives DTC Eligibility

VANCOUVER, British Columbia, April 27, 2020 (GLOBE NEWSWIRE) -- Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce that Hannah Jin has been appointed to the Company’s board of directors. Ms. Jin has 15 years of mineral exploration and business development experience specializing in project evaluation, due diligence and valuation analysis of precious and base metal projects. As a geologist, Ms. Jin worked on several grassroots to operating precious metal projects throughout Canada and the United States. As a business development consultant, Ms. Jin has provided business development services to various investors including private and public Canadian Companies, as well as a Shanghai based Private Equity firm.

Presently, Ms. Jin is a Business Development Geologist for High Power Exploration Inc., a privately owned investment and multi-commodity mineral exploration and development firm. Ms. Jin holds an M.Sc. in geology from Western University and an M.B.A. from the University of British Columbia. She is a registered Professional Geoscientist in BC.

Furthermore, the Company announces that Oliver Friesen has resigned as a director of Gold Lion, effective immediately. Mr. Friesen will remain on as the Company’s CEO and Corporate Secretary.

DTC Eligibility

Gold Lion's common shares are now eligible for electronic clearing and settlement through Depository Trust Company (DTC). DTC is a subsidiary of Depository Trust & Clearing Corp. (DTCC), which manages the electronic clearing and settlement of publicly traded companies in the United States.

Gold Lion’s common shares are now fully DTC eligible and will continue to trade under the ticker symbol “GLIOF” on the OTC Markets. Through an electronic method of clearing securities, DTC eligibility simplifies the process of trading and transferring the company's common shares between brokerages in the United States.

About Gold Lion Resources Inc.

Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its precious metal focused portfolio including the South Orogrande, Erikson Ridge, Robber Gulch, Cuteye and the Fairview Properties located in Idaho and British Columbia. For more information please visit: https://goldlionresources.com/.

ON BEHALF OF THE BOARD OF DIRECTORS

Oliver Friesen
CEO
T: +1 (778) 772-1751
E: info@goldlionresources.com

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for Gold Lion Resources described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com.

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