Mr. R. Dale Ginn reports

LION ROCK CLOSES $2.16M FINANCING

Lion Rock Resources Inc. has closed a non-brokered private placement of 21.6 million units of the company at a price of 10 cents per unit for total gross proceeds of $2.16-million. Each unit consists of one common share in the capital of the company and one non-transferable share purchase warrant, with each warrant entitling the holder thereof to acquire one additional common share at a price of 20 cents per share until Feb. 6, 2027.

All securities issued under the offering are subject to a hold period and may not be traded until June 7, 2025, except as permitted by applicable securities legislation and the rules and policies of the TSX Venture Exchange.

Proceeds of the placement will be used to finance the company's initial payment obligations and work program with respect to the Volney lithium project (see the company's news releases dated Jan. 30, 2024, and Oct. , 2024), and for general working capital purposes.

About Lion Rock Resources Inc.

Lion Rock has entered into an option agreement to acquire the Volney gold/lithium project, comprising private land claims located 20 kilometres south of Spearfish in South Dakota. The property features the Giant Volney pegmatite, historically mined for high-grade lithium and tin, as well as gold from the adjacent shear zone. The property is accessible by road, and is strategically located with proximity to infrastructure and major mining jurisdiction. The company also holds properties prospective for gold, copper and lithium in Ontario and Quebec.

We seek Safe Harbor.