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Lion Rock Appoints Executive Chairman and Independent Director

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Lion Rock Resources (LRRIF) has announced two significant board appointments. Nav Dhaliwal, a capital markets expert with over 20 years of experience, joins as Executive Chairman and director. Laurence Farmer, currently General Counsel and VP of Strategic Development at Osisko Development Corp., joins as an independent director, replacing Nicholas Rodway.

Dhaliwal brings extensive experience in mining sector fundraising, having raised over $500M for exploration companies. He is also the CEO of Renegade Gold and holds positions at Badlands Resources and Mason Graphite. Farmer brings significant legal and financial expertise, with experience in transactions exceeding US$20 billion in value.

The company's main asset is the Volney project in South Dakota, a multi-commodity critical minerals project featuring lithium, gold, and tin deposits. The project's location on private land with good infrastructure access enables accelerated permitting and year-round operations.

Lion Rock Resources (LRRIF) ha annunciato due importanti nomine nel consiglio di amministrazione. Nav Dhaliwal, esperto di mercati finanziari con oltre 20 anni di esperienza, entra come Presidente Esecutivo e direttore. Laurence Farmer, attualmente General Counsel e VP dello Sviluppo Strategico presso Osisko Development Corp., si unisce come direttore indipendente, sostituendo Nicholas Rodway.

Dhaliwal porta con sé una vasta esperienza nel finanziamento del settore minerario, avendo raccolto oltre 500 milioni di dollari per società di esplorazione. È inoltre CEO di Renegade Gold e ricopre ruoli in Badlands Resources e Mason Graphite. Farmer apporta un’importante competenza legale e finanziaria, con esperienza in transazioni dal valore superiore a 20 miliardi di dollari USA.

L’asset principale della società è il progetto Volney nel South Dakota, un progetto multi-commodity di minerali critici che comprende depositi di litio, oro e stagno. La posizione del progetto su terreni privati con buona accessibilità infrastrutturale consente un’accelerazione delle autorizzazioni e operazioni tutto l’anno.

Lion Rock Resources (LRRIF) ha anunciado dos nombramientos importantes en su junta directiva. Nav Dhaliwal, experto en mercados de capital con más de 20 años de experiencia, se incorpora como Presidente Ejecutivo y director. Laurence Farmer, actualmente Consejero General y VP de Desarrollo Estratégico en Osisko Development Corp., se une como director independiente, reemplazando a Nicholas Rodway.

Dhaliwal aporta una amplia experiencia en la recaudación de fondos para el sector minero, habiendo recaudado más de 500 millones de dólares para compañías de exploración. También es CEO de Renegade Gold y ocupa cargos en Badlands Resources y Mason Graphite. Farmer aporta una significativa experiencia legal y financiera, con experiencia en transacciones por más de 20 mil millones de dólares estadounidenses.

El principal activo de la empresa es el proyecto Volney en Dakota del Sur, un proyecto de minerales críticos multicommodities que incluye depósitos de litio, oro y estaño. La ubicación del proyecto en terrenos privados con buen acceso a infraestructura permite acelerar los permisos y operar durante todo el año.

Lion Rock Resources (LRRIF)는 이사회에 두 명의 중요한 인사를 임명했다고 발표했습니다. 20년 이상의 경력을 가진 자본시장 전문가 Nav Dhaliwal가 대표이사 겸 이사로 합류했습니다. 현재 Osisko Development Corp.의 법률 고문 겸 전략 개발 부사장인 Laurence Farmer는 독립 이사로 합류하며 Nicholas Rodway를 대체합니다.

Dhaliwal은 광산 부문 자금 조달에 풍부한 경험을 보유하고 있으며, 탐사 회사들을 위해 5억 달러 이상을 조달했습니다. 그는 또한 Renegade Gold의 CEO이며 Badlands Resources와 Mason Graphite에서도 역할을 맡고 있습니다. Farmer는 200억 달러 이상의 거래 경험을 가진 뛰어난 법률 및 금융 전문 지식을 제공합니다.

회사의 주요 자산은 사우스다코타에 위치한 Volney 프로젝트로, 리튬, 금, 주석 광상이 포함된 다중 원자재 핵심 광물 프로젝트입니다. 이 프로젝트는 사유지에 위치해 있으며 우수한 인프라 접근성을 갖추고 있어 허가 절차를 가속화하고 연중 운영이 가능합니다.

Lion Rock Resources (LRRIF) a annoncé deux nominations importantes au sein de son conseil d'administration. Nav Dhaliwal, expert des marchés financiers avec plus de 20 ans d'expérience, rejoint l'entreprise en tant que Président exécutif et administrateur. Laurence Farmer, actuellement conseiller juridique principal et vice-président du développement stratégique chez Osisko Development Corp., devient administrateur indépendant, remplaçant Nicholas Rodway.

Dhaliwal apporte une vaste expérience en levée de fonds dans le secteur minier, ayant collecté plus de 500 millions de dollars pour des entreprises d'exploration. Il est également PDG de Renegade Gold et occupe des postes chez Badlands Resources et Mason Graphite. Farmer apporte une expertise juridique et financière significative, avec une expérience dans des transactions dépassant 20 milliards de dollars américains.

L'actif principal de la société est le projet Volney dans le Dakota du Sud, un projet multi-matières premières de minéraux critiques comprenant des gisements de lithium, d'or et d'étain. La localisation du projet sur des terres privées avec un bon accès aux infrastructures permet d'accélérer les autorisations et d'assurer des opérations toute l'année.

Lion Rock Resources (LRRIF) hat zwei bedeutende Ernennungen im Vorstand bekannt gegeben. Nav Dhaliwal, ein Experte für Kapitalmärkte mit über 20 Jahren Erfahrung, tritt als Executive Chairman und Direktor bei. Laurence Farmer, derzeit General Counsel und VP für strategische Entwicklung bei Osisko Development Corp., wird als unabhängiger Direktor aufgenommen und ersetzt Nicholas Rodway.

Dhaliwal bringt umfangreiche Erfahrung in der Kapitalbeschaffung im Bergbausektor mit und hat über 500 Millionen US-Dollar für Explorationsunternehmen eingesammelt. Er ist zudem CEO von Renegade Gold und hat Positionen bei Badlands Resources und Mason Graphite inne. Farmer verfügt über bedeutende rechtliche und finanzielle Expertise mit Erfahrung in Transaktionen im Wert von über 20 Milliarden US-Dollar.

Das Hauptvermögen des Unternehmens ist das Volney-Projekt in South Dakota, ein Multi-Commodity-Projekt für kritische Mineralien mit Lithium-, Gold- und Zinnvorkommen. Die Lage des Projekts auf Privatgrundstücken mit guter Infrastruktur ermöglicht beschleunigte Genehmigungsverfahren und ganzjährige Betriebszeiten.

Positive
  • Appointment of experienced mining executives with proven track records
  • Nav Dhaliwal brings strong fundraising capabilities, having raised over $500M in the sector
  • Laurence Farmer brings expertise in M&A with transactions exceeding US$20B in value
  • Strategic Volney project location on private land enables faster permitting
  • Project has access to year-round work programs and infrastructure
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (OTC Pink: LRRIF) (the "Company" or "Lion Rock") is pleased to announce Board of Director appointments of two seasoned mining executives. Nav Dhaliwal, a capital markets expert with more than 20 years of success in leading and advising mining companies, has joined the Company as Executive Chairman and director. Additionally, Laurence Farmer, who currently serves as General Counsel and Vice President of Strategic Development, for Osisko Development Corp., joins as Lion Rock's new, independent director, replacing Nicholas Rodway who has resigned as a director of the Company.

Nav Dhaliwal, Executive Chairman and Director of Lion Rock, stated, "I'm excited to be joining Lion Rock at such an important time for the Company and for the critical minerals sector. Volney is a multi-commodity, critical minerals project in South Dakota with comprehensive historic sampling showing high-grade lithium, gold, and tin. Crucially, it is located entirely on private land and has excellent access to infrastructure — allowing for accelerated permitting and year-round work programs. With the U.S. laser focused on building its domestic critical minerals supply, our timing, our location, and our asset quality couldn't be better. We have a team in place with deep technical and corporate development expertise. I am pleased to be working with Dale and Laurence to take the Company to a new level and look forward to a catalyst-filled rest of year."

Dale Ginn, President and CEO of Lion Rock, commented, "I'm very pleased to welcome Mr. Dhaliwal and Mr. Farmer to the Board. Both executives have long, successful track records in the mining sector and have been instrumental in delivering considerable growth in shareholder value. Nav and I have built and operated companies as a team for over a decade, and we look forward to Lion Rock's growth together. Mr. Dhaliwal has funded and built a series of successful junior miners, most notably as the founding CEO of Bonterra Resources, which made the award-winning Gladiator discovery. Mr. Farmer's experience is equally impressive, particularly with corporate development in critical metals. His experience with the Osisko group of companies will undoubtably benefit us as Lion Rock matures from early-stage exploration towards development."

Nav Dhaliwal is a capital markets expert with 20+ years of maximizing shareholder value in the mining sector. He has a top tier track record of identifying undervalued companies and facilitating growth through improved market awareness, optimal financing, and astute corporate leadership. Mr. Dhaliwal has built a global financial network of institutional investors, family offices, analysts, brokers, and high net worth investors. He has long standing relationships with all major gold and energy metal funds and has raised over $500M for exploration and development companies. Mr. Dhaliwal is currently president, CEO and director, of Renegade Gold, as well as Executive Chairman of Badlands Resources, and director of Mason Graphite.

Laurence Farmer is an experienced legal and financial executive, and is currently serving as General Counsel, Vice President of Strategic Development, and Corporate Secretary at Osisko Development Corp. Mr. Farmer is the Co-Founder and Chief Executive Officer of Electric Elements Mining Corp., a privately-held exploration company focused on precious and critical metals projects, spun out from Osisko Development in November 2023. Additionally, he brings more than a decade of international experience in mergers & acquisitions, corporate finance, and capital markets. Mr. Farmer’s career includes practicing corporate law with Norton Rose Fulbright in Montreal and London, followed by investment banking with RBC Capital Markets in London. Throughout his distinguished career in the mining sector, he has played key roles in developing, structuring, and closing transactions exceeding US$20 billion in aggregate value. He holds dual Bachelor of Civil Law and Juris Doctor (B.C.L./J.D.) degrees from McGill University and is a member of the Québec Bar.

The Company thanks Mr. Rodway for his many years of service and wishes him well in his future endeavours.

About Lion Rock Resources Inc.

Lion Rock Resources Inc. is a Canadian mineral exploration company committed to advancing high-grade gold and lithium projects across North America. The Company's flagship asset, the Volney Project, is located in South Dakota's Black Hills, a mining-friendly jurisdiction surrounded by active gold operations. The Volney Project hosts high-grade gold, lithium and tin mineralization, with historic drill results showing gold grades of up to 18.2 g/t, lithium concentrations as high as 5.3% Li2O, and tin grades up to 2.5% Sn. The Company is led by an award-winning team with a proven track record of mineral discoveries, project development, and financing.

On Behalf of the Board

R. Dale Ginn, President & Chief Executive Officer
O: 604-678-5308
E: dale@rsdcapital.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Such forward-looking information is based on the current expectations of management of the Company. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including without limitation, risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. In making the forward-looking statements in this press release, the Company has applied several material assumptions. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251250

FAQ

Who are the new board members appointed to Lion Rock Resources (LRRIF)?

Lion Rock Resources appointed Nav Dhaliwal as Executive Chairman and director, and Laurence Farmer as independent director. Dhaliwal is a capital markets expert with 20+ years of experience, while Farmer is currently General Counsel and VP of Strategic Development at Osisko Development Corp.

What experience does Nav Dhaliwal bring to Lion Rock Resources (LRRIF)?

Nav Dhaliwal brings over 20 years of experience in the mining sector, having raised over $500M for exploration companies. He has a global financial network and is currently CEO of Renegade Gold, Executive Chairman of Badlands Resources, and director of Mason Graphite.

What is the Volney project owned by Lion Rock Resources (LRRIF)?

The Volney project is a multi-commodity critical minerals project located in South Dakota, featuring high-grade lithium, gold, and tin deposits. It is situated entirely on private land with excellent infrastructure access, allowing for accelerated permitting and year-round work programs.

What is Laurence Farmer's background and role at Lion Rock Resources (LRRIF)?

Laurence Farmer joins as independent director, bringing over a decade of experience in M&A, corporate finance, and capital markets. He is currently General Counsel at Osisko Development Corp. and CEO of Electric Elements Mining Corp., with involvement in transactions exceeding US$20B in value.
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