Mr. John Banning reports

LION COPPER ANNOUNCES AMENDMENT TO ADVISORY AGREEMENT FOR SHARE-FOR-SERVICE

Lion Copper and Gold Corp. has amended an existing advisory services agreement to permit payment of advisory fees through the issuance of common shares of the company in lieu of cash.

The advisory agreement was originally entered into in April, 2025, and provided for a monthly cash retainer of $10,000 (U.S.) in exchange for advisory services, including strategic planning, corporate development and general advisory assistance. The amendment, effective Dec. 1, 2025, does not change the scope or nature of the advisory services.

Pursuant to the amended agreement, the monthly retainer will be paid in common shares of the company, issued at the end of each month for services provided during that month. The number of common shares to be issued will be calculated based on the 10-day volume-weighted average price of the company's common shares for the 10 trading days immediately preceding the first day of the applicable month. All other terms of the agreement remain unchanged.

All common shares issued pursuant to the agreement will be subject to applicable securities laws and the policies of the Canadian Securities Exchange. The shares will also be subject to resale restrictions under Rule 144 under U.S. Securities laws, which impose holding periods and other conditions on resale.

About Lion Copper and Gold Corp.

Lion Copper is advancing its flagship copper project in Yerington, Nev., through an option to earn-in agreement with Nuton LLC, a Rio Tinto venture.

We seek Safe Harbor.