Lions Bay Capital Inc. Reports $2,117,271 or $0.02 per Share of Net Income for the Three Months Ended August 31, 2020

Vancouver, British Columbia--(Newsfile Corp. - October 15, 2020) - Lions Bay Capital Inc. (TSXV: LBI) ("Lions Bay" or the "Company") is pleased to report net income of $2,117,271 or $0.02 per share for the three (3) months ended August 31, 2020. Net income was derived from an increase in the fair value of the Company's investment portfolio from $3,449,504, as at May 31, 2020, to $5,260,259, as at August 31, 2020. The value of the portfolio has continued to increase subsequent to the period end. The unaudited Financial Statements and the respective Management Discussion and Analysis are available for viewing at www.sedar.com.

About Lions Bay Capital Inc.

Lions Bay Capital Inc. is a TSX-V listed Investment Issuer that is focused on high return investment opportunities, principally in the mining, clean energy and clean technology sectors, where it provides public and private companies with strategic and financial support.

On behalf of the Board of Lions Bay.

John Byrne
Executive Chairman
Tel: +61 3 9236 2800
Email: jbyrne@lionsbaycapital.com

For more information, please visit the corporate website at www.lionsbaycapital.com or contact the above.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66102

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