Acquisition Of High-Grade Gold-Lithium Volney Project

VANCOUVER - Lion Rock Resources Inc. has entered into an option agreement with Tinton Partners and The Tinton Land, LLC, pursuant to which it has granted to the Company the exclusive right and option to acquire an undivided 100% interest in the Volney property, a high-grade gold-lithium project, strategically located in the northern Black Hills of South Dakota. The Volney Project is comprised of 38 private claims extending over 351 acres (142 ha) and features two predominant styles of mineralization: shear-hosted gold and Lithium-Tantalum-Tin within the pegmatites. The Volney Project hosts the Giant Volney Pegmatite (Li) and numerous historic workings including Rusty Mine (Au), Rough and Ready (Sn) and Hydliff Adit (Au) shown in Figure 2. Historic results include 18.2 g/t Au over 18.3 m in channel sampling at Rough and Ready and 15 grab samples with an average grade of 4.4% Li2O at the Giant Volney pegmatite.

Dale Ginn, President and CEO, said, "The Volney Project is unique in that it contains multiple commodities including gold, lithium, tantalum and tin, all of which are of a high-grade nature and near surface. The gold system runs the full length of the property and contains numerous shallow trenches, pits and other workings, but is remarkably absent of any meaningful drilling or recent exploration work. The fact that the entire project lies on private land and is road accessible year-round, decreases permitting time and allows for a timely and aggressive exploration program."