LION SELECTION GROUP LIMITED. — Net Asset Value 2018

Aug 13, 2018

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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 31 July 2018 is $0.31 per share (after tax).

CommodityJune 2018A$MPani Joint Venture (33.3% Interest)Gold16.6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 ResourcesGold7.5RoxgoldGold6.9Egan Street ResourcesGold4.8Erdene ResourcesGold3.3Toro GoldGold1.5Other3.7Portfolio holdings measured at fair valueIncludes investments held directly by Lion and the value to Lion ofinvestments held by African Lion.Net Cash2.0

July 2018A$M¢ps16.611.18.15.46.54.34.93.23.12.11.51.03.92.71.71.2

Net Tangible AssetsA$46.3m

A$46.3 m31¢ps

Capital Structure
Shares on Issue:	150,134,879
Share Price:	31¢ps	31 July 2018
Options on Issue:	15,720,958	$0.50 expiry 12 April 2020

Lion Selection Group Limited ABN 26 077 729 572 Level 2, 175 Flinders Lane, Melbourne Vic 3000 T: +61 3 9614 8008 F: +61 3 9614 8009 www.lsg.com.au

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