Mason returned from injury recently to captain Spurs in Lloris' absence in the Europa League last-32 first leg draw with Fiorentina last Thursday, and he opened the scoring in the 3-0 second-leg win earlier this week.
After the 24-year-old left the White Hart Lane pitch to a standing ovation on Thursday, Lloris heaped praise upon his teammate's and said that his rise to stardom highlights the strength of the pool of young talent on show at the club.
The French stopper told thfc.co.uk: "I was very pleased to see that [ovation]. It was a great and warm moment for him.
"It wasn’t easy for Ryan in the first part of the season because of injury but he’s back and we need him, he’s important for the team.
"He’s an example with the right mentality and the right profile. He shows again we have a lot of talented young players who are also very hungry and that’s a good sign for the club."
Mason rose to prominence with an excellent breakthrough season at the club last year after standing out during a loan spell at Swindon Town in 2013-14, playing 37 times in all competitions for Spurs upon his return to North London as well as making his debut for the senior England side.
He has been hampered by injury during the current campaign, missing six weeks in September and October only returning from an absence of nearly three months in the Fiorentina first leg.
After booking a last-16 tie against Borussia Dortmund with Thursday's victory, Mason and his teammates must now prepare for the visit of Swansea City on Sunday.