Lion Copper & Gold Corp. Announces Key Milestones Advancing the Yerington Copper Project

• Lion Copper & Gold Corp. announced key milestones for its Yerington Copper Project in Nevada on April 15, 2026.
• Completion of all consultant engagements required for the Definitive Feasibility Study (DFS) has been achieved.
• An on-site kickoff workshop was held to align technical assumptions and engineering design parameters.
• Multiple drilling programs are currently underway focusing on resource expansion, geotechnical stability, and groundwater assessment.
• Piezometer installation is active in the Yerington pit area to advance understanding of groundwater conditions.
• Geotechnical drilling aims to optimize pit slope design and stability analysis while supporting environmental permitting workstreams.

• The news represents expected execution following the March 10, 2026 announcement of consultant appointments (Samuel Engineering and NEXUS Environmental Consultants).
• No new capital or financing was announced in this release; it confirms the utilization of the $31 million Nuton Stage 3 funding received in January.
• The stock price dropped from a high of $0.44 in March to approximately $0.29 by April 15, despite positive operational updates. This divergence suggests the market may have already priced in DFS progress or is concerned about future dilution and permitting timelines.
• While operationally positive, the lack of new catalysts (such as a resource estimate release or final financing) limits immediate upside potential relative to recent highs.
• The news validates the project's progression toward FAST-41 permitting framework inclusion but does not guarantee schedule certainty given the inherent risks in US mining permitting.

• Lion Copper & Gold Corp. is focused on the development of the Yerington Copper Project in Nevada, USA.
• The project is positioned as a Tier-1 U.S. jurisdiction asset aimed at supplying domestic copper cathode for electrification and critical mineral supply chains.
• Development stage involves Definitive Feasibility Study (DFS) and permitting leading toward commercial production using Nuton® bio-heap-leach technology.
• The project aims to qualify under the FAST-41 federal framework to streamline infrastructure and critical mineral permitting.