Lion Rock Resources begins drilling at Volney

Executive Summary

• Lion Rock Resources Inc. has commenced its inaugural drill program at the Volney project in South Dakota's historic Black Hills mining district.
• The company is fully financed for an extensive multiphase exploration program following a $5.3-million financing completed in Q3 2025.
• The drilling aims to test multiple gold and lithium targets identified through historical data, surface sampling, and recent geophysical surveys, marking the first modern subsurface testing of the Volney trend.

Key Details

• Drilling Status: Inaugural drill program has begun at the Volney project.
• Financial Position: The company is fully financed to execute an extensive multiphase exploration and drilling program, following the completion of a $5.3-million financing in Q3 2025.
• Project Scope: The program targets multiple gold and lithium (LCT - lithium-caesium-tantalum) pegmatite systems defined over a 1,000-metre strike length.
• Gold Potential: Surface sampling has identified high-grade gold zones, including a shear trend with chip samples returning up to 14.0 g/t Au and float samples up to 189.5 g/t Au.
• Lithium and Tin Potential: Sampling across a 1,000 m by 500 m corridor confirmed high-grade lithium-bearing pegmatites:
  • Outcrop samples returned up to 3.7% Li2O.
  • Historical stockpiles averaged 3.8% Li2O, with a peak of 5.3% Li2O.
  • Tin assays exceeded 1.0% Sn in 13 stockpile samples.
• Geophysical Data: ExMAG drone survey and 3-D inversion data identified a large magnetic high coinciding with gold mineralization along the Rusty shaft shear corridor and magnetic lows correlated with lithium-bearing pegmatites.
• Permitting: The South Dakota Department of Agriculture and Natural Resources (DANR) has approved a strategic permit area for efficient advancement of multiple high-priority targets.
• Technical Review: Content reviewed and approved by Carl Ginn, PGeo, a qualified person under National Instrument 43-101.

Notable Quotes

• "We're very excited to begin drilling at Volney, following an exceptional year of groundwork that defined strong gold and lithium systems across the project. The new magnetic data and recent surface results have given us a clear picture of where to focus initial drilling. This is the first modern subsurface testing of the Volney trend and we believe it has the potential to outline a significant multicommodity discovery." — Dale Ginn, President and CEO