LION SELECTION GROUP LIMITED. — Net Asset Value 2018

Oct 9, 2018

==> picture [216 x 128] intentionally omitted <==

==> picture [391 x 127] intentionally omitted <==

ASX RELEASE: LSX

Net Tangible Asset Backing

Net Tangible Asset Backing

Lion Selection Group Limited (Lion) advises that the unaudited net tangible asset backing of Lion as at 30 September 2018 is $0.29 per share (after tax).

CommodityAugust 2018A$MPani Joint Venture (33.3% Interest)Gold16.9Fair value for Pani reflecting the consideration paid by Lion to acquire33.3% interest from One Asia Resources in May 2018 and furtherfunding advanced to Pani JVPortfolioNusantara ResourcesGold6.6RoxgoldGold5.8Egan Street ResourcesGold4.4Erdene ResourcesGold3.4Toro GoldGold1.6Other3.5Portfolio holdings measured at fair valueIncludes investments held directly by Lion and the value to Lion ofinvestments held by African Lion.Net Cash1.3	ani Joint Venture (33.3% InFair value for Pani refle33.3% interest from Onfunding advanced to Paortfoliousantara Resourcesoxgold	Commterest)Golcting the consideratioe Asia Resources in Mni JVGolGol	Commterest)Golcting the consideratioe Asia Resources in Mni JVGolGol	odityAugust 2018A$Md16.9n paid by Lion to acquiay 2018 and furtherd6.6d5.8	re	re	September 2018A$M¢ps16.911.27.14.85.33.5	September 2018A$M¢ps16.911.27.14.85.33.5
							4.43.02.61.7
	oro GoldtherPortfolio holdings measured at fair valIncludes investments held directly byinvestments held by African Lion.et Cash		Gold1.63.5ueLion and the value to Lion of1.3				1.61.03.72.51.30.9
N	et Tangible Assets		A$43.5m
							A$42.9m29¢ps
Capital StructureShares on Issue:150,134,879Share Price:30¢ps 30 September 2018Options on Issue:15,720,958$0.50 expiry 12 April 2020	ital Structure
	Shares on Issue:		150,134,879

Capital Structure
Shares on Issue:	150,134,879
Share Price:	30¢ps	30 September 2018
Options on Issue:	15,720,958	$0.50 expiry 12 April 2020

Further enquiries: Craig Smyth E: csmyth@lsg.com.au

Lion Selection Group Limited ABN 26 077 729 572 Level 2, 175 Flinders Lane, Melbourne Vic 3000 T: +61 3 9614 8008 www.lsg.com.au