Ms. Gordana Slepcev reports

LOMIKO METALS ANNOUNCES MANAGEMENT CHANGE

Lomiko Metals Inc. has appointed Robert Boisjoli as the company's chief financial officer, effective immediately. Mr. Boisjoli, based in Montreal, replaces the company's outgoing CFO, Jacqueline Michael.

Mr. Boisjoli, who is a fellow chartered professional accountant, is a corporate finance/operational professional with over 30 years of operational and advisory experience. He is the managing director of Atwater Financial Group, a company specializing in financial reporting services for listed mining companies. He is an adviser to various public exploration companies. Mr. Boisjoli was an investment banker with various Canadian securities firms. He is also a board member of CPA Professional Liability Plan Inc. and various non-profit community organizations.

About Lomiko Metals Inc.

The company holds mineral interests in its La Loutre graphite development in Southern Quebec. La Loutre project site is within the Kitigan Zibi Anishinabeg 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).

The property is underlain by rocks from the Grenville province of the Precambrian Canadian Shield. The Grenville was formed under conditions that were very favourable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism.

Lomiko Metals published an updated mineral resource estimate in an National Instrument 43-101 technical report and mineral resource estimate update for La Loutre project, Quebec, Canada, prepared by InnovExplo on May 11, 2023, which estimated 64.7 million tonnes of indicated mineral resources averaging 4.59 per cent carbon graphite per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184 per cent. Indicated mineral resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional mineral resources reported downdip and within marble units resulted in the addition of 17.5 million tonnes of inferred mineral resources averaging 3.51 per cent Cg per tonne for 650,000 tonnes of contained graphite, and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the inferred mineral resources to the indicated mineral resource category, relative to the 2021 mineral resource estimate. The MRE assumes a $1,098.07 (U.S.) per tonne graphite price and a cut-off grade of 1.50 per cent Cg. The independent and qualified persons for the mineral resource estimate, as defined by National Instrument 43-101, are Marina Iund, PGeo (InnovExplo Inc.), Martin Perron, PEng (InnovExplo), Simon Boudreau, PEng (InnovExplo), and Pierre Roy, PEng (Soutex Inc.). The effective date of the estimate is May 11, 2023.

The company also holds interest in seven early-stage projects in Southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on seven early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within the KZA territory.

The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in Southern Quebec. The grades presented below for the Laurentides graphite portfolio were press released on Jan. 7, 2025:

• Ruisseau: grades up to 27.9 per cent carbon graphite from four distinct high-grade mineralized zones that are over three kilometres long;
• Meloche: grades up to 13.3 per cent Cg from two distinct mineralized clusters;
• Tremblant: grades up to 11.6 per cent Cg from numerous, widespread spot anomalies;
• Dieppe: grades up to 6.82 per cent Cg from numerous, widespread spot anomalies and a distinct mineralized cluster; and
• Boyd: eight samples grade range from 5.61 per cent Cg to 17.10 per cent Cg with all samples above 5.00 per cent Cg.

The technical content regarding the exploration results presented was reviewed by Mark Fekete, PGeo, who acts as an independent consultant to the company and is the qualified person.

The Yellow Fox property is located approximately 10 km southwest of the town of Glenwood, Nfld., and south of the Trans-Canada Highway. The property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of licence 027536M, five kilometres from the western end of Gander Lake.

This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25 km southwest of the property. Yellow Fox is an early-stage exploration property prospective in antimony, gold and silver where historic works returned samples anomalous in gold, antimony, lead, zinc and silver. The trenching exposed the rocks, resulting in grab samples of 59.43 grams per tonne Au, 11.10 per cent Sb, 7.00 per cent Zn, 72.90 g/t Ag and 5.50 per cent Pb in arsenopyrite-stibnite veins within altered monzogranite.

A Lomiko qualified relied on the information provided by Metals Creek. Metals Creek's QP is Wayne Reid, PGeo, is registered in Newfoundland.