Lion One Acknowledges Receipt of Shareholder Requisition and Reiterates Constructive Dialogue and Engagement with All Shareholders

Core Viewpoint - Lion One Metals Limited has received a shareholder meeting requisition notice from Concept Capital Management Ltd, proposing significant changes to the board of directors [1][2]. Group 1: Shareholder Requisition - The requisition proposes the removal of two directors and setting the number of directors between nine to eleven, with six nominees from the requisitioning shareholder [2]. - The company is reviewing the requisition with professional advisors and will respond appropriately, indicating no immediate action is required from shareholders [1][7]. Group 2: Strategic Transaction - Approval of a strategic transaction with Arete Capital Advisors, which includes a $15 million equity investment, remains under review by the TSX Venture Exchange [3].