Ms. Belinda Labatte reports

LOMIKO ANNOUNCES COLLABORATION WITH FEMINA COLLECTIVE AND UPCOMING PDAC EVENTS

Lomiko Metals Inc. has started a collaboration with Femina Collective to build on and provide momentum for a more strategic approach to responsible critical minerals development and energy security in North America.

Femina and Lomiko share common goals to address critical issues in the industry, including women's participation, investment and advancement in mining and energy transition and the need to draw in new talent and indigenous world views into the energy transition sector. The collaboration can also mitigate the wave of retiring miners in the next years by working with young people and leaders in the industry.

For related facts and statistics, please see Femina's website. Of note, for the third consecutive year, mining executives have identified environmental, social and governance (ESG) issues as one of the key risks facing the industry, according to EY (2023 report), and this collaboration intends to face these risks with new actions and conversations.

Femina was founded by Beth Borody, a social enterprise that represents women in mining and related sectors through mentorship, networking and advocacy. She was recognized as one of The Globe and Mail's top 50 changemakers in Canada for 2021 for her work in pushing the boundaries for mining to be more diverse and inclusive. The enterprise has members across Canada, the United States and abroad. She is also the founder of the Femina Investment Club.

Belinda Labatte, chief executive officer and interim chair of the board, stated: "The Lomiko team is delighted to collaborate with Femina at this pivotal time. The speed needed to ensure energy security at home, and therefore access to natural resources here, and the urgency to decarbonize requires a transition that engages everyone in new ways. Together with Femina members, Lomiko will expand its reach in education, mentorship and hiring opportunities and support the formation of an investment club led by Beth Borody. The club is focused on improving the investment landscape for mining and enabling more women to access investment opportunities to influence mining projects. This collaboration is another way to lead as a responsible developer and be inclusive in the studies we plan to undertake in 2024, and beyond. We look forward to sharing specific initiatives in the near future and achieving net positive impacts."

Lomiko's participation at the Prospectors and Developers Association of Canada (PDAC):

• March 3 to 6, 2024: PDAC, Toronto: booth No. 2547 in the South Building, 800 Level;
• March 4: Ms. Labatte, CEO and interim chair of the board, panel presentation, the Anishnawbe Business Association, "Reconciliation in mining" at the Northern Mining Showcase, 11 a.m. to 12 p.m.;
• March 5: Ms. Labatte will present live at Quebec: Unique Mining Ecosystem on March 5, 2024, PDAC, in room 205D at 4:15 p.m.

As events are updated, they will be posted on all Lomiko's social channels.

About Lomiko Metals Inc.

The company holds mineral interests in its La Loutre graphite development in Southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of one large, continuous block with 76 mineral claims totalling 4,528 hectares (45.3 square kilometres).

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