Fiji’s Gold Fields

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Leadership

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CAPITAL STRUCTURE

Common Shares:

Warrants:

Options:

Fully Diluted:

PREVIOUS PRIVATE PLACEMENTS:

101,722,044

41,536,436

6,525,000

149,783,480

$1.35 Warrants Expire March 16, 2018

Accelerated Expiry to 30 Days

Closing Price over $1.75 for 20 Days

2016: C$38.2 million @ C$0.92

2011: C$14.2 million @ C$1.55

2011: C$11.5 million @ C$1.00

Institutional Ownership: 37%

Management 21%

Current Price: C$0.90

Current Market Cap: C$90M

POISED FOR GROWTH

20 YEARS IN THE MAKING Tuvatu developed by Emperor Gold Mines 1997-2000 during Ivanhoe era;

Feasibility study completed on Tuvatu in 2000;

Over 80,000 meters drilled, underground development, trial mining;

Replacement value of sunk costs over $50 million

10 YEARS IN THE PLANNING 2007-2008 Red Lion acquired Emperor Gold Mines (Vatukoula)

2009 Emperor sold; Tuvatu acquired by Lion One Limited (Fiji)

2011 Lion One Metals public offering TSX-V January 2011

6 YEARS OF EXECUTION Coming to Market in 2016 Fully Permitted & Well Funded

Significantly De-risked & Development Ready

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AUGUST: ANSTEEL – CAPITAL ASIA EPC

A Global Fortune 500 Corporation in 2015

MOU for Construction of Tuvatu Gold Project

Includes Vendor Financing for 80% of Capex

SEPTEMBER: $38.2 MILLION PRIVATE PLACEMENT

Donald Smith & Co.(USA)14%

Franklin Gold & Precious Metals Fund (USA) 9.9%

JP Morgan Gold Fund (UK) 5.88%

MacKenzie Financial (Canada) 2.8%

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Recap

FULL PERMITTED & DEVELOPMENT READY

Building a solid revenue generator in a mining friendly jurisdiction with the

ability to internally fund aggressive resource expansion and exploration in

Fiji’s emerging Tuvatu goldfield

SCARSDALE EQUITIES – JUNE 2016

We are initiating research coverage of Lion One with a Buy rating and

price target of C$1.40 per share

RECAP

WALTER H. BERUKOFF – PROVEN COMPANY BUILDER

Credited with selling three mining startups he founded to major mining

companies for $3 Billion in aggregate value.

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