Lions Bay Announces Further Implementation of South African Gold Strategy

Vancouver, British Columbia--(Newsfile Corp. - March 23, 2026) - Lions Bay Capital Inc. (TSXV: LBI) ("LBI" or the "Company") announces it has increased its loan facility with Metals One plc ("Metals One") from CAD $4.0 million facility to CAD $10.0 million to provide additional funds to accelerate the creation of a vertically integrated gold business in South Africa through Lions Bay Resources (LBR). LBR is currently owned as 47.5 per cent each by LBI and the Salamander mining Group with the balance of 5 per cent owned by Metals One.