Subject: Lion Rock Resources Inc.
Word Document
File: '\\swfile\EmailIn\20250501 151751 Attachment 2025-05-01-2 ROAR NR RSD.docx'
200 Burrard Street, Suite 1680, Vancouver, BC, V6C 3L6
LION ROCK ANNOUNCES ENGAGEMENT OF RESOURCE STOCK DIGEST
Vancouver, British Columbia - May 1, 2025 - Lion Rock Resources Inc. (TSX-V: ROAR), (FSE: KGB1) (the "Company" or "Lion Rock") announces that it has entered into a services agreement (the "Services Agreement") and an awareness campaign agreement with Resource Stock Digest ("RSD") (the "AWC Agreement"). Under the terms of the Services Agreement, RSD will assist the Company in the preparation of a company specific webpage on RSD's website, conduct interviews with the Company's management and distribute news and interviews on RSD's website and to RSD's subscriber email list. The initial term (the "Initial Term") of the Services Agreement is three months starting April 25, 2025 (the "Services Agreement Effective Date") and will renew automatically on a quarterly basis until the date that is 18 months from the Services Agreement Effective Date, unless terminated by either party in accordance with the terms of the Services Agreement. In consideration of the services to be provided under the Services Agreement, the Company has agreed to pay to RSD a fee of US$10,000 for the first three-month term and will pay RSD an additional US$10,000 for each subsequent three-month term until the Services Agreement expires or is terminated. Additional services may be provided by RSD for additional costs during the term of the Services Agreement.
Under the terms of the AWC Agreement, RSD will create in-depth reports on behalf of the Company and distribute such reports to its existing database. It will also purchase media to generate new interest in the Company, including display advertisements, native advertisements and email dedicated advertisements. The AWC Agreement is for a three-month term starting May 15, 2025. Pursuant to the terms of the AWC Agreement, the Company has agreed to pay RSD a fee of US$125,000 for its services under the AWC Agreement.
All fees payable by the Company to RSD pursuant to the terms of the Services Agreement and the AWC Agreement will be paid out of general working capital of the Company.
RSD is owned and operated by Nicholas Hodge and Gerardo Del Real and is based in Texas, USA. The Company and RSD act at arm's length, and RSD has no present interest, directly or indirectly, in the Company or its securities, or any right or present intent to acquire such an interest except Nicholas Hodge owns or controls 200,000 common shares of the Company ("Shares") and 200,000 Share purchase warrants; and Gerardo Del Real owns or controls 1,000,000 Shares and 1,000,000 Share purchase warrants.
The Services Agreement and the AWC Agreement are both subject to the approval of the TSX Venture Exchange (the "Exchange"). RSD has agreed to comply with all applicable securities laws and the policies of the Exchange in providing the services to the Company under both the Services Agreement and the AWC Agreement.
About Lion Rock Resources Inc.
Lion Rock Resources Inc. is a Canadian mineral exploration company committed to advancing high-grade gold and lithium projects across North America. The Company's flagship asset, the Volney Project, is located in South Dakota's Black Hills, a mining-friendly jurisdiction surrounded by active gold operations. The Volney Project hosts high-grade gold, lithium and tin mineralization. The Company is led by an award-winning team with a proven track record of mineral discoveries, project development, and financing.
On Behalf of the Board
R. Dale Ginn, President & Chief Executive Officer
O: 604-678-5308
E: dale@rsdcapital.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Forward-looking information in this press release include statements regarding the investor relations activities to be performed by RSD and the approval of the Exchange of the Services Agreement and the AWC Agreement. Such forward-looking information is based on the current expectations of management of the Company. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including without limitation delays in obtaining or failure to obtain required approval of the Exchange for the Services Agreement or the AWC Agreement, risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that the Company will obtain the required Exchange approval for the Services Agreement and the AWC Agreement. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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