North Vancouver, British Columbia--(Newsfile Corp. - June 29, 2026) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement offering of convertible debenture units of the Company (the "Debenture Units") for total gross proceeds of $12,500,000 (the "Offering") and its non-brokered private placement of units ("Units") for gross proceeds of $2,788,184.75 (the "Private Placement"). Pursuant to the Offering, the Company issued 12,500 Debenture Units at a price of $1,000 per Debenture Unit.