Lion One Announces Changes to the Board of Directors

Rhea-AI Summary

Lion One Metals (OTCQX: LOMLF) has announced changes to its Board of Directors. Casey Spreeuw has stepped down from his position for personal reasons, while Tayfun Eldem has been appointed as an Independent Director.

Mr. Eldem brings over 35 years of operations and project development experience in the mining sector. His notable positions include COO at Baffinland Iron Mines (2020-2025), CEO at Alderon Iron Ore Corp. (2011-2015, 2018-2020), and extensive experience at Iron Ore Company of Canada, where he managed a $2.0 billion expansion program. He is currently serving as lead director at Mason Resources.

Positive

• Appointment of highly experienced mining executive with 35+ years of operations and project development expertise
• New director brings significant leadership experience from major mining companies
• Addition of director with proven track record in managing large-scale projects ($2.0B expansion program)

Negative

• Loss of board member Casey Spreeuw

North Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") announces today that Casey Spreeuw has stepped down from the Company's Board of Directors for personal reasons, and Tayfun Eldem has been appointed as an Independent Director of the Company.

Lion One Chairman Walter Berukoff wishes to thank Mr. Spreeuw for his contributions and welcomes Mr. Eldem to the Board of Directors.

Tayfun Eldem, P. Eng.
Mr. Eldem is an accomplished mining executive with over 35 years of operations and project development experience. Mr. Eldem's previous roles include Chief Operating Officer and Group EVP at Baffinland Iron Mines (2020-2025), President and CEO at Alderon Iron Ore Corp. (2011-2015, 2018-2020) and Managing Director and Associate at Hatch Ltd. (2015-2018). Prior experience also includes over 20 years working for the Iron Ore Company of Canada (IOC), a Rio Tinto subsidiary, in various senior roles including Chief Operating Officer, Vice President, Expansion Projects & Engineering, and General Manager of Processing Operations. As COO Mr. Eldem was accountable for all of IOC's operations from the mine through the processing plants to rail and port and oversaw the development and delivery of a nearly $2.0 billion program of green and brown fields expansion projects. Mr. Eldem is currently lead director at Mason Resources.

A graduate of Dalhousie University Mr. Eldem is a professional engineer and has completed the Operations Management Program at the Richard Ivey School of Business and the Strategic Leadership Program at London Business School.

About Lion One Metals Limited

Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.

On behalf of the Board of Directors,
Walter Berukoff, Chairman

Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com

Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release

This press release may contain statements that may be deemed to be "forward-looking statements" 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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258360

FAQ

Who is the new board director at Lion One Metals (LOMLF)?

Tayfun Eldem has been appointed as an Independent Director at Lion One Metals. He is a professional engineer with over 35 years of mining industry experience.

What is Tayfun Eldem's experience in the mining industry?

Tayfun Eldem has served as COO at Baffinland Iron Mines (2020-2025), CEO at Alderon Iron Ore Corp. (2011-2015, 2018-2020), and held senior roles at Iron Ore Company of Canada, where he managed a $2.0 billion expansion program.

Why did Casey Spreeuw leave Lion One Metals' board?

Casey Spreeuw stepped down from Lion One Metals' Board of Directors for personal reasons.

What are Tayfun Eldem's educational qualifications?

Tayfun Eldem is a professional engineer and graduate of Dalhousie University. He completed the Operations Management Program at Richard Ivey School of Business and the Strategic Leadership Program at London Business School.