Lion Rock Resources Inc. announced a non brokered private placement to issue 10,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,000,000 on February 21, 2024. Each unit will be composed of one common share and one non-transferable share purchase warrant, with each warrant entitling the holder thereof to acquire one additional common share at a price of CAD 0.20 per share for two years from the date of issue. Finders' fees may be payable in whole or in part on the offering, pursuant to the policies of the TSX Venture Exchange.

All securities issued under the offering will be subject to regulatory hold periods expiring four months and one day from the date of issue. The offering is subject to the acceptance of the TSX Venture Exchange.