John Banning - Jul 26, 2024 Form 4 Insider Report for LION COPPER & GOLD CORP. (LCGMF)

Role: VP, Chief Operating Officer
Signature: /s/ John Banning
Stock symbol: LCGMF
Transactions as of: Jul 26, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/13/2024, 04:01 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LCGMF	Options	Award	$0	+2.5M		$0.00	2.5M	Jul 26, 2024	Common Shares	2.5M	$0.06	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	(1) 500,000 options vested on 7-26-24; (2) 1,000,000 options will vest upon completion of Stage 2b and, if applicable, Stage 2c pursuant to the terms of the option agreement between Singatse Peak Services, LLC and Rio Tinto America Inc. ("Rio Tinto") dated 3-18-22 (the "RT Agreement"), as currently amended or as may in the future be amended, and (3) 1,000,000 options will vest upon entering Stage 3 by Nuton, LLC or Rio Tinto in accordance with the RT Agreement.

Content

(1) 500,000 options vested on 7-26-24; (2) 1,000,000 options will vest upon completion of Stage 2b and, if applicable, Stage 2c pursuant to the terms of the option agreement between Singatse Peak Services, LLC and Rio Tinto America Inc. ("Rio Tinto") dated 3-18-22 (the "RT Agreement"), as currently amended or as may in the future be amended, and (3) 1,000,000 options will vest upon entering Stage 3 by Nuton, LLC or Rio Tinto in accordance with the RT Agreement.