(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 24, 202 2 – Gold LionResources Inc. (“ Gold Lion ” or the“ Company ”) ( CSE:GL)(OTC:GLIOF) (FWB:2BC) announces today that theproperty option agreements dated April 6, 2020, under which theCompany had the right to earn a 100% interest in the Erickson Ridgeproject and the South Orogrande project, have been terminated.
The Company completed two seasons of exploration at theErickson Ridge project and the South Orogrande. While the results wereencouraging, the Company has determined that it is in
its best interest to acquire a new exploration ordevelopment project and it is reviewing several
new opportunities.
About Gold Lion Resources Inc.
Gold Lion Resources Inc. is a mineral explorationcompany actively involved in the exploration of its precious metalfocused portfolio including the Cuteye and Fairview Properties locatedin Idaho and British Columbia. For moreinformation please visit: https://goldlionresources.com/ .
ON BEHALF OF THE BOARD OF DIRECTORS
Borzoo Zare, interim CEO
T: 604-687-2038
The CSE and Information ServiceProvider have not reviewed and does not accept responsibility for theaccuracy or adequacy of this release.
Forward-lookingInformation Cautionary Statement
Except for statements of historicfact, this news release contains certain "forward-lookinginformation" within the meaning of applicable securities law.Forward-looking information is frequently characterized by words suchas "plan", "expect", "project","intend", "believe", "anticipate","estimate" and other similar words, or statements thatcertain events or conditions "may" or "will"occur. Forward-looking statements are based on the opinions andestimates at the date the statements are made, and are subject to avariety of risks and uncertainties and other factors that could causeactual events or results to differ materially from those anticipatedin the forward-looking statements including, but not limited to delaysor uncertainties with regulatory approvals, including that of the CSE.There are uncertainties inherent in forward-looking information,including factors beyond the Company’s control. There are noassurances that the business plans for Gold Lion Resources describedin this news release will come into effect on the terms or time framedescribed herein. The Company undertakes no obligation to updateforward-looking information if circumstances or management's estimatesor opinions should change except as required by law. The reader iscautioned not to place undue reliance on forward-looking statements.Additional information identifying risks and uncertainties that couldaffect financial results is contained in the Company’s filings withCanadian securities regulators, which are available at www.sedar.com .
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