LION SELECTION GROUP LIMITED. — Net Asset Value 2018

Jun 11, 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 May 2018 is $0.32 per share (after tax).

CommodityApril 2018A$MPani Joint Venture (33.3% Interest)Gold15.4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 ResourcesGold8.2RoxgoldGold7.2Egan Street ResourcesGold5.8Erdene ResourcesGold3.3Toro GoldGold1.6Other4.3Portfolio holdings measured at fair valueIncludes investments held directly by Lion and the value to Lion ofinvestment held by African Lion Fund.Net Cash4.9

May 2018A$M¢ps16.611.17.04.77.45.05.43.62.91.91.51.03.72.73.42.3

Net Tangible AssetsA$50.6m

A$48.7m32¢ps

Capital Structure

Shares on Issue:	150,134,879
Share Price:	33¢ps	31 May 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

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