The Gold Report

Lawrence Roulston, Resource Opportunities (2/18/13) "Lion One Metals Ltd. reported further drill results from its Tuvatu gold project in Fiji that continue to extend the zone of known mineralization. . .the company has produced a compliant resource estimate that outlines a total resource (Indicated plus Inferred) of 652 Koz gold grading 5.7–7 g/t. . .the recent results suggest that number could be well exceeded. . .the Tuvatu project is very attractive as a high-grade gold deposit, with underground development already in place, in an area with good access and with a government highly supportive of mine development."

The Gold Report Interview with Brien Lundin (12/28/12) "Lion One Metals Ltd. is progressing with permitting and development of its Tuvatu gold project in Fiji, a project with upside potential that I don't believe is being valued by the market at all. Over $30M was spent on this project by Emperor Mines Ltd. in the late 1990s, including over 85,000m of drilling and 1,600m of underground infrastructure. All Lion One has to do is dust off and update an existing feasibility study, and get the necessary permits to get into production. It is doing that right now, and will use proceeds from Tuvatu to fund exploration of the multimillion-ounce potential of the project. Management, including legendary financier Walter Berukoff, owns about 40% of the company, so it has solid support going forward. It's a great buy at these levels." More >

Brien Lundin, Gold Newsletter (Jefferson Financial) (10/8/12) "The real goal for Lion One Metals Ltd. is to get Tuvatu into near-term production, by updating the existing (if somewhat old) feasibility study. . .this project already looks quite feasible to the naked eye. The company is still a Buy."

Lawrence Roulston, Resource Opportunities (9/27/12) "Results of the first two holes in the diamond drilling program at Lion One Metals Ltd.'s Tuvatu gold project in Fiji have extended the gold-bearing veins to the west beyond the resource area. . .intervals include bonanza grades of 248 g/t gold over .09m from TUDDH-347 and 855 g/t gold over 0.17m from TUDDH-348. Importantly, the reported intervals, outside of the bonanza intervals, carry 3.7m at 10.5 g/t and 7.3m at 3.7 g/t—that is, if we completely ignore the bonanza values, the reported intervals carry economic grades, over minable widths. . .from the current resource base, a plus-million ounce target is within easy reach."

The Gold Report Interview with Brien Lundin (9/26/12) "Lion One Metals Ltd. has a great project in Fiji progressing toward production in about 12 or 18 months. It has a feasibility study that just needs to be updated and remarkably low capital expenses to get back into production. . .the numbers in its updated feasibility study should show the market that this is a viable project. That would be a catalyst. Remarkably, it should take only $20–30M to get the project into production. Raising that kind of capital should be relatively easy, so the company does not have to get the economics buttoned down too tightly before actually going out and building a mine." More >

The Gold Report Interview with Carlos Andres (8/3/12) "Lion One Metals Ltd. is making good progress on its Tuvatu gold project in Fiji. It has become evident that the company is sitting at the periphery of a large volcanic system at one edge of a large caldera. In geologic and physical terms, it is very similar to the nearby historic and still-operating Vatukoula mine, which also sits in a caldera. . .Tuvatu has an initial existing deposit of roughly 650 Koz established in the early 2000s. Over the last eight months, Lion One has established that consistent mineralization is extensive laterally and at depth from the existing deposit. In short, this deposit is going to grow. . .the company has a deep pool of local geo and mining talent to draw on from Vatukoula, who have lengthy first-hand experience with the above- and below-ground geology. Thus, on the exploration front Lion One is working hard to nail down the geological system underpinning the deposit. At the same time, it is pushing to establish a commercially viable mine plan scenario that could support the long-term exploration and development of what is shaping up to be an extensive gold field. This is a project to keep an eye on. The company is well-managed by an experienced team and it has about $15M in the bank." More >

The Gold Report Interview with Andrew Richmond (7/11/12) "I'm working on a project in Fiji owned by Lion One Metals Ltd. It's quite fortunate because it has access to infrastructure and a trained workforce. . .Tuvatu is a high-grade underground project. It's an epithermal gold deposit, which tends to be a narrow vein. . .a positive about this deposit is that the gold is visible on the drill core. I've worked on over 100 gold deposits during my career and there's probably only three or four where I've seen visible gold. It also has 600 drill holes going through deposits. I'm really confident that there's mineralization there. The company is also implementing a very good quality assurance and control program to ensure that the samples are high quality and the assay results are robust." More >

Lawrence Roulston, Resource Opportunities (6/21/12) "Lion One Metals Ltd. is now drilling at its Tuvatu gold project in Fiji. The program includes infill and stepout holes for a total of 5,000m of diamond drilling. The program is intended to upgrade Inferred resources to the Indicated category and to add to the existing resource. An Indicated resource hosts 172 Koz grading 7.05 g/t and an Inferred 480 Koz at 5.7 g/t. A number of high-grade drill intercepts occur outside of the resource area. One of the objectives is to bridge the gaps and thereby add to the resource. . .the company now intends to advance the current resource area to production on the basis of a high-grade underground operation using the existing development. Lion One is particularly interesting as the geological system also holds the potential for a multimillion-ounce, bulk-minable resource. Surface sampling and trenching have identified wide-spread gold values in the area of a gram per tonne."

Anthony Vaccaro, The Northern Miner (6/18/12) "Lion One Metals Ltd. is brimming with optimism and bracing itself for a bountiful year. Such bullishness can be attributed to the company's enviable position amongst juniors: Not only does it have a highly prospective project in the heart of elephant country, but it also has the cash it needs to push ahead on exploration and development without having to worry about turning to fickle markets."

Pope & Company Morning Notes (6/6/12) "Lion One Metals Ltd. commenced drilling at the Tuvatu gold project, near Nadi on the island of Viti Levu in Fiji; the program consists of a combination of infill and step out holes for a total of 5,000m of diamond drilling. The objective of the program is to upgrade existing Inferred resources to the Indicated category, add new resources and capture further historic resources (87,000m of drilling and 1.6km UG workings); the program is expected to run for three months alongside ongoing metallurgical test work."

Lawrence Roulston, Resource Opportunities (5/31/12) "Lion One Metals Ltd. continues to demonstrate the large-scale potential of its Tuvatu gold deposit in Fiji, even as it moves toward the start of underground development. . .there is enormous exploration potential near the existing ore body. . .Tuvatu has a substantial resource, with potential to expand it by half or more based on information already in hand. The presence of the underground workings makes near-term production a realistic expectation; the real upside to this story remains the ultimate potential for a multimillion-ounce resource."

Richard Reinhard, Growth Stocks Weekly (3/8/12) "The large-scale potential of Lion One Metals Ltd.'s advanced Tuvatu gold project is impressive, with the lower-risk objective of bringing the current resource into production within reach. . .the company still has about $18M in cash with which to aggressively advance the project. With only 49M shares outstanding and trading near $1/share, each ounce of gold being valued at less than $50, which is ignoring the exceptional exploration potential."

Lawrence Roulston, Resource Opportunities (3/1/12) "Lion One Metals Ltd. has engaged an Australian mining services company to conduct metallurgical test work on its Tuvatu gold project. . .drilling and underground development in the 1990s supports a resource estimate of 652 Koz gold with a grade in excess of 6 g/t. Recent work by Lion One and re-interpretation of the earlier drilling have outlined a large volume of material potentially minable as an open pit, with a scope for a multimillion-ounce deposit within the area presently tested. . .the company intends to continue to test the larger-scale exploration potential at Tuvatu while simultaneously advancing the known resource toward production."

The Gold Report Interview with Lawrence Roulston (2/29/12) "If I were to describe the ideal company for the present market, it would be in gold. It would have near-term production potential with longer term, large-scale discovery potential. One company, Lion One Metals Ltd., fits that description well. It has a project in Fiji where about 650,000 oz of gold have been identified. There is underground development. It is in the process of evaluating near-term production, but at the same time, it has enormous potential for a large deposit similar to others in the same geological setting in the South Pacific region. In fact, there is a deposit just 50 kilometers (km) away in an identical setting that has 11 million ounces (Moz). That, to me, would be the ideal company for this market—gold, near-term production but also that large, longer term upside potential." More >

Lawrence Roulston, Resource Opportunities, Metallica Development Fund Ltd. (2/24/12) "The implications of a porphyry system underlying Lion One Metals Ltd.'s Tuvatu gold zone are extremely important: Such systems, especially in the South Pacific trend, can host enormous gold-copper deposits. . .there is ample evidence to believe that the Tuvatu deposit has the potential to be every bit as large as the nearby Vatukoula deposit, where past production and current resources total 11 Moz. . .in addition to near-term value, the exceptional exploration potential of the Tuvatu project offers enormous upside potential."

The Gold Report Interview with Carlos Andres (2/22/12) "Lion One Metals Ltd. is advancing the Tuvatu gold deposit in Fiji. A previous owner had defined an underground deposit and prepared a feasibility study. The project was shelved due to low gold prices in the late '90s. This was all prior to the advent of NI 43-101 standards so Lion One has to carry out definition drilling again to define the deposit based on current standards. The bottom line is that we know there's gold there; the question is how much. All indications are that there is a great deal. In addition, survey work and drill results have caused the company to reinterpret the geology of Tuvatu in a way that suggests the potential for a large open-pit bulk mining operation. . .we should see a maiden resource estimate and some light should be shed on whether the mineralization conforms to an open-pit bulk-mining solution." More >

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/21/11) "Lion One Metals Ltd.'s Tuvatu had been advanced by previous owner Emperor Mines through the point of a feasibility study and to a considerable degree of underground development. The feasibility study completed in 2000 showed that the projected exploitation of high-grade epithermal gold veins (with an average grade of over 8 g/t) would be profitable, even at the $300/ounce gold prices in place at the time."