LION ONE METALS LIMITED (ASX.LLO)

delisted by ASX under Listing Rule 17.12

we understand ASX removed the company from listing after it had breached the Listing Rules and concluding that it was unwilling or unable to comply with the Listing Rules - the company had previously applied for voluntary delisting because of the low frequency of trading, low volumes traded and low percentage of CDIs on its Australian Register coupled with the costs and administrative burden of maintaining a listing

The company releases a statement of CDIs on issue.

The company releases a notification regarding unquoted securities.

The Company has closed the fully-subscribed upsized brokered private placement financing previously announced on July 18, 2024 and July 19, 2024 by issuing 27,027,027 units of the Company at a price of C$0.37 per Unit for aggregate gross proceeds of C$10,000,000, pursuant to the listed issuer financing exemption available under National Instrument 45-106 "“ Prospectus Exemptions in each of the Provinces of Canada other than Quebec, pursuant to the terms of the agency agreement dated as of July 26, 2024, among the Company, Eight Capital, and Canaccord Genuity Corp.

The company releases a notice of proposed issue of securities.

The company has arranged a non-brokered private placement of up to 5,405,405 units at a price of $0.37 per unit for total gross proceeds of up to $2,000,000. Each unit consists of one common share and one common share purchase warrant, each such warrant exercisable at a price of $0.50 per share and expiring 36 months from the date of issue.

The company releases a notice of proposed issue of securities.

The Company has entered into an amended agreement with Eight Capital as lead agent, to upsize the previously announced private placement. The Company will issue up to 27,027,027 units of the Company at a price of $0.37 per Unit for aggregate gross proceeds of up to $10,000,000. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.50 for a period of three years from the date of issuance.

The Company reports Q2 CY2024 gold production for the Tuvatu Gold Mine in Fiji. Highlights are as follows: 3,551 oz of gold recovered during Q2 2024, 3,251 oz of gold poured during Q2 2024, 32,100 tonnes milled during Q2 2024.

The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

The company releases a statement of CDIs on issue.

The Company reports record preliminary gold production at Tuvatu for the month of June and significantly expands the surface gold-in-soil anomaly to the south of Tuvatu. The company also announces an increase in the planned mill expansion to 600-700 TPD, and files an updated NI43-101 compliant Technical Report with an effective date of June 24, 2024.

The Company is pleased to report significant new high-grade gold results from Zone 5 infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji. Top New Drill Results: 97.46 g/t Au over 3.3 m (including 750.05 g/t Au over 0.3 m) (TGC-0208, from 82.8 m depth); 54.70 g/t Au over 1.8 m (including 134.10 g/t Au over 0.3 m) (TGC-0187, from 100.5 m depth); 79.64 g/t Au over 1.2 m (including 315.46 g/t Au over 0.3 m) (TGC-0191, from 75 m depth); 42.11 g/t Au over 1.5 m (including 95.33 g/t Au over 0.3 m) (TGC-0204, from 117.2 m depth); 167.55 g/t Au over 0.3 m (TGC-0188, from 60.3 m depth).

The securities of Lion One Metals Limited were suspended by ASX on 14 February 2024 due to LLO's failure to comply with Listing Rule 7.1. ASX has today formally censured LLO for a breach of Listing Rule 7.1. LLO's securities will now continue to be suspended from quotation under Listing Rule 17.3 until such time that LLO confirms to the satisfaction of ASX that LLO is in compliance with the Listing Rules and that it is otherwise appropriate for LLO's securities to be reinstated to quotation.

ASX has today formally censured Lion One Metals Limited (the "˜Company') for breach of Listing Rule 7.1. ASX provided the Company with an opportunity to make submissions and comment on this censure notice prior to making this determination. The Company declined to provide a response.

The company reports the start of mechanized production at Tuvatu and reports significant new high-grade gold results from Zone 5 infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji.

The company releases its Q3 2024 CEO Certificate.

The company releases its Q3 2024 MD&A Report.

The company releases its Q3 2024 Financial Statements.

The company has reported high-grade gold results from nearmine expansion drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling took place in the Murau down-dip extension and SKL areas of Tuvatu, both outside the current mine plan but close to underground workings. The Murau down-dip extension will expand the Murau lode system in Zone 2, which will begin production in Q3 2024. The SKL area is in Zone 5 and is one of Lion One's priority resource expansion targets. High-grade results have been returned from both areas.

The company releases a statement of CDIs on issue.

The company provides an operations update. 2,630 m of sludge hole drilling complete in the URW1 and Murau lodes in Zone 2. Airleg mining of the UR2 leading stopes ongoing in Zone 5. Two longhole drill rigs successfully commissioned. Two remote capable loaders to be commissioned by early May. Upgrades to CIL circuit advancing, two new blowers to be installed in late April and early May.

The company releases a statement of CDIs on issue.

The company releases a statement of CDIs on issue.

The company releases a notification of cessation of securities.

The company releases a statement of CDIs on issue.

The Company provides an update on ongoing operations at the company's 100% owned Tuvatu Alkaline Gold Project in Fiji. Mechanized mining commencing on Zone 2 stopes in the URW1 stockwork vein system. Airleg mining commencing on Zone 5 stopes at the UR2 and URW3 lode systems. Limited mechanized mining in Zone 5 scheduled to commence in April. Stope mining at Tuvatu scheduled to increase throughout March and April. Continuous gravity concentrator is commissioned and in operation. Intensive leach reactor is commissioned and in operation. First long hole drill is in operation conducting sludge hole drilling. Second long hole drill is on site undergoing commissioning.

The Company announces the discovery of copper porphyry-style mineralization in a newly identified mineralized system 1 km northeast of the company's 100% owned Tuvatu Alkaline Gold Project in Fiji.

The company releases a response to Further ASX Query.

The company releases a response to ASX Query.

The company lodges its Q2 2024 MD&A Report.

The company lodges its Q2 2024 Financial Statements.

The company releases a notification regarding unquoted securities.

The Company has closed the underwritten offering previously announced on February 7, 2024 by issuing 24,150,000 units of the Company at a price of $0.50 per Unit for aggregate gross proceeds of $12,075,000, which includes the exercise, in full, by the Underwriters of the over-allotment option granted by the Company to purchase up to an additional 3,150,000 Units at the Offering Price pursuant to the terms of an underwriting agreement dated as of February 8, 2024, among the Company, Cantor Fitzgerald Canada Corporation, Canaccord Genuity Corp., Eight Capital, and Raymond James Ltd.

The securities of Lion One Metals Limited will be suspended from quotation immediately under Listing Rule 17.3 due to LLO's failure to comply with Listing Rule 7.1. The securities will remain suspended until ASX is satisfied with LLO's compliance with the Listing Rules (including Listing Rule 7.1) and that it is otherwise appropriate for LLO's securities to be reinstated to quotation.

listed entity carried for record purposes only