Lion One Announces Changes to the Board of Directors

Rhea-AI Summary

Lion One Metals Limited (LOMLF) has announced changes to its Board of Directors. Kevin Puil has stepped down from the Board, and Casey Spreeuw has been appointed as a new director effective May 9, 2025. Spreeuw brings over 35 years of experience in business accounting and securities industry. He is a Chartered Professional Accountant who previously served as Chief Examiner at the Vancouver Stock Exchange and held various CFO positions at financial firms including Sora Group Wealth Advisors, Jordan Capital Markets, and GF Securities. Spreeuw holds a Bachelor of Commerce in accounting from UBC and earned his CA designation in 1989.

Positive

• Addition of Casey Spreeuw brings extensive financial and securities industry expertise to the board
• New director has strong background in compliance and financial operations
• Spreeuw's current role with Red Lion Group indicates familiarity with the company's operations

Negative

• Loss of Kevin Puil's experience and insights after nearly 10 years of service

North Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") announces that Kevin Puil has stepped down from the Company's Board of Directors and announces the appointment of Mr. Casey Spreeuw to the Company's Board of Directors (the "Board") effective today.

Walter Berukoff, Chairman of Lion One's Board of Directors and President of the Company, commented "On behalf of the Board and the Company's management team we wish to thank Mr. Puil for his service and contributions to the Company since 2013. We wish him all the best in his future endeavours, and we welcome Casey Spreeuw to the Lion One Board."

Mr. Spreeuw is a Chartered Professional Accountant with over 35 years' experience in business accounting and the securities industry. From 1989 to 2001 he was a Financial and Business Operations Compliance Examiner with the Vancouver Stock Exchange, becoming the Chief Examiner before transitioning to the Investment Dealers Association of Canada. From 2001 to 2006 he was based in Amsterdam as Manager of Accounting with Unsworth & Associates BV which provided corporate and directorship services to Canadian and international corporate clients. Returning to Canada he remained active in the securities industry as Chief Financial Officer of Sora Group Wealth Advisors Inc., Jordan Capital Markets Inc., GF Securities (Canada) Company, Limited, and most recently Vered Wealth Management (Canada) Company, Limited. He continues to work with the Red Lion Group of companies as its accountant.

He holds a Bachelor of Commerce degree in accounting from the University of British Columbia, a Diploma of Technology in Computer Systems from the British Columbia Institute of Technology and earned his Chartered Accountant (CA) designation in 1989.

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 & President

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/251592

FAQ

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

Casey Spreeuw, a Chartered Professional Accountant with over 35 years of experience in business accounting and securities industry, was appointed to Lion One's Board of Directors on May 9, 2025.

What is Casey Spreeuw's professional background?

Casey Spreeuw is a Chartered Professional Accountant who served as Chief Examiner at Vancouver Stock Exchange, worked in Amsterdam with Unsworth & Associates BV, and held CFO positions at several financial firms. He holds a Bachelor of Commerce from UBC and earned his CA designation in 1989.

Who left the Board of Directors at Lion One Metals?

Kevin Puil stepped down from Lion One Metals' Board of Directors after serving since 2013.

Who is the current Chairman of Lion One Metals?

Walter Berukoff is the Chairman of Lion One's Board of Directors and President of the Company.