Lion Copper Announces Director Transition and Appointment of Co-Chairman

Rhea-AI Summary

Lion Copper and Gold (OTCQB: LCGMF) announced that Travis Naugle has resigned as director and Co-Chairman. Naugle led initial negotiations with Nuton LLC that established an earn-in relationship providing US$58.5 million of funding through Q2 2026 and advancing the Yerington Copper Project to feasibility and permitting stages.

Tony Alford has assumed the role of Co-Chairman alongside Dr. Thomas Patton, who remains in that position. The company also welcomed Frederick Scruggs and Mark Sharman to its Board following their election at the August 12, 2026 annual shareholder meeting.

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Vancouver, British Columbia--(Newsfile Corp. - August 18, 2026) - Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) (the "Company") announces that Travis Naugle has resigned as a director and Co-Chairman of the Company. Mr. Naugle led the Company's initial negotiations with Nuton LLC, a subsidiary of Rio Tinto, establishing the earn-in relationship that has since funded US$58.5 million through the second quarter of 2026 and carried the Yerington Copper Project to the feasibility study and permitting stage now underway. The Board thanks Mr. Naugle for that work and for his stewardship of the Company, and is fortunate to retain him as an advisor on corporate and strategic matters.

Tony Alford has assumed the role of Co-Chairman, serving together with Dr. Thomas Patton, who continues in that role.

The Company also wishes to welcome Frederick Scruggs and Mark Sharman following their election to the Board of Directors at the annual meeting of shareholders held on August 12, 2026. Information on each of Messrs. Scruggs and Sharman is available in the Company's information and proxy circular prepared for the shareholder meeting which can be viewed on the Company's website.

About Lion Copper and Gold Corp.

Lion Copper and Gold Corp. is advancing its flagship copper project in Yerington, Nevada through an earn-in agreement with Nuton LLC, a Rio Tinto venture.

Further information can be found at www.lioncg.com.

On behalf of the Board of Directors,

John Banning
Chief Executive Officer

For more information, please contact:

Email: info@lioncg.com

Website: www.lioncg.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310362

FAQ

What board changes did Lion Copper and Gold (OTCQB: LCGMF) announce on August 18, 2026?

Lion Copper and Gold announced the resignation of director and Co-Chairman Travis Naugle and the appointment of Tony Alford as Co-Chairman. The company also confirmed the election of new directors Frederick Scruggs and Mark Sharman following its August 12, 2026 annual shareholder meeting.

Who is the new Co-Chairman of Lion Copper and Gold (LCGMF) and who remains in that role?

Tony Alford has assumed the role of Co-Chairman of Lion Copper and Gold, serving alongside Dr. Thomas Patton. According to the company, Dr. Patton continues in his Co-Chairman role, creating a shared board leadership structure following Travis Naugle’s resignation.

Why is Travis Naugle’s resignation significant for Lion Copper and Gold (LCGMF)?

Travis Naugle’s resignation is notable because he led initial negotiations with Nuton LLC that established Lion Copper and Gold’s key earn-in relationship. According to the company, this agreement has funded US$58.5 million through Q2 2026 and advanced the Yerington Copper Project.

How much funding has Lion Copper and Gold received from Nuton LLC for the Yerington Copper Project?

Lion Copper and Gold reports that the Nuton LLC earn-in relationship has funded US$58.5 million through the second quarter of 2026. According to the company, this funding has carried the Yerington Copper Project to feasibility study and permitting stages now underway.

Who are the new board members elected at Lion Copper and Gold’s August 12, 2026 shareholder meeting?

The new board members are Frederick Scruggs and Mark Sharman, elected at the August 12, 2026 annual shareholder meeting. According to Lion Copper and Gold, additional information on both directors is available in the company’s information and proxy circular on its website.

What is Lion Copper and Gold’s flagship project mentioned in the August 18, 2026 update?

Lion Copper and Gold’s flagship project is its copper project in Yerington, Nevada, advanced through an earn-in agreement with Nuton LLC. According to the company, this relationship has funded US$58.5 million and moved the project into feasibility and permitting stages.