Alice Queen Limited announced that its 100% owned Sabeto (SPL1518) Project, located on the Pacific Rim of Fire in Viti Levu, Fiji next door to Lion One Metals high grade gold project, Tuvatu, has been granted. Highlights: SPL1518 granted for Sabeto project; Sabeto is part of the Vuda-Sabeto-Tuvatu geological complex; Sabeto is next door to Lion One Metals high grade alkaline gold project, Tuvatu; A mapping and sampling program at Sabeto is currently underway. Location: Fiji is located on the pacific Rim of Fire, host to many world-class porphyry and epithermal deposits such as Grasberg (IND), Panguna, Porgera, Lihir (PNG), Marta Hill (NZ) and Vatukoula (FJ).

The Sabeto project is located on Viti Levu, the largest island of Fiji. SPL1518 lies on the Vuda-Sabeto- Tuvatu geological complex, next door to Lion One Metals high grade alkaline gold project, ‘Tuvatu' that is expected to be in production in 2023. Sabeto is easily accessible by sealed and gravel roads and is only 30 minutes from Nadi International Airport.

Mining in Fiji: Fiji is a considered a proactive mining country with supportive legislation and has a long history of mining, gold being one of its second biggest export. Fiji hosts the world-class epithermal low- sulphidation (alkaline) deposit of Vatukoula Gold Mine (former Emperor Gold Mine) which has produced in excess of 7 million ounces of gold over 75 years of production. The Tuvatu LSE alkaline gold deposit is currently being developed by Lion One Metals and has recently intersected 20.86 g/t Au over 75.9m.