LION COPPER & GOLD CORP.

Significantly Derisked Project at PFS level with Resource Upside Potential

• Strong reserve and resource confidence with 60% of the resources in Proven and Probable and 88% Measured and Indicated categories with over 125 miles (660,000 ft) of drilling in 1,662 drill holes across the Yerington and MacArthur deposits.

• +10 years of extensive metallurgical testwork and modelling completed including over 50 column tests thoroughly assessing performance characteristics across numerous composites and configurations to optimize reliable metallurgical outcomes.

• 6,014 acre-feet/year of secured water rights permitted for mining use for the life of the project.

• Regional infrastructure is in place to support a major mine, with rail, power, highway, airport and proximity to skilled workforce.

• Clear path to permitting with strong eligibility potential for Fast-41 streamlined permitting process.

Strategically Important U.S. Copper Production

• Heap leach operation with solvent extraction-electrowinning (SX/EW), enhanced by Nuton's proprietary sulfide leaching technology, achieving a project average of 73.2% copper recovery from sulfide ore.

• Run of mine (ROM) oxide ore heap leached with recoveries at the project of 60%.

• On-site production of refined cathode copper for use in U.S. supply chains.