Lion Copper & Gold releases maiden resource estimate for Bear

Yerington, Nevada--(Newsfile Corp. - August 4, 2026) - Lion Copper & Gold Corp. (CSE: LEO) (OTCQB: LCGMF) ("Lion" or the "Company") is pleased to announce its maiden Mineral Resource Estimate ("MRE") for the Bear Deposit located within the Company's Yerington Copper Project in Lyon County, Nevada.

Highlights

Maiden MRE containing an Indicated Resource of 6.71 billion pounds of contained copper (1,064 Mt @ 0.29% Cu) and an Inferred Resource of 8.77 billion pounds of contained copper (1,770 Mt @ 0.22% Cu).

The MRE provides a significant technical platform for future engineering, mine planning and resource conversion activities.

Resource remains open for expansion and upgrading, subject to further exploration and evaluation.

The Bear Deposit is contiguous with the Company's flagship Yerington Copper Project and materially expands Lion's district-scale copper mineral resource endowment within the Yerington Copper District.

CEO Comment

John Banning, Chief Executive Officer, commented: "The maiden Mineral Resource Estimate for the Bear Deposit represents a defining technical milestone for Lion and significantly enhances the scale and long-term potential of the Yerington Copper Project. Early in my time with Lion, our Co-Chair, Dr. Tom Patton — whose career includes leading exploration teams responsible for world-class discoveries of the Diavik diamond mine in Canada and the Peñasquito silver deposit in Mexico — challenged management to 'Tackle the Bear!' That simple challenge became one of our strategic priorities. We immediately set about systematically reevaluating our existing knowledge of the deposit, geological modelling and data compilation with rigorous technical analysis to determine its true potential. Today's Mineral Resource Estimate of approximately 6.71 billion pounds Indicated and 8.77 billion pounds Inferred is the culmination of that work and reflects the vi