Ms. Gordana Slepcev reports

LOMIKO METALS ANNOUNCES OPERATIONAL AND CORPORATE UPDATE

Lomiko Metals Inc. has hired Dorfner Anzaplan GmbH to conduct the anode material testing as the input to the downstream preliminary economic assessment and corporate update. Anzaplan's United Kingdom subsidiary, Dorfner Anzaplan U.K. Ltd., has been engaged to prepare a National Instrument 43-101-compliant preliminary economic assessment on the graphite value addition, micronization, spheroidization, purification and coating (the CSPG or value-add anode plant) plant in Quebec, Canada, for Lomiko Metals.

Gordana Slepcev, chief executive officer, president and director, stated: "We are pleased to continue the studies to demonstrate the full added value of La Loutre graphite and engage Anzaplan to start the testwork as the precursor to the preliminary economic assessment for a potential downstream facility. This is a significant step as we work on finalizing the prefeasibility study for La Loutre natural flake graphite project."

The engagement is to perform and prepare a PEA-level study and an NI 43-101-compliant report on the value-add anode plant, in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum best practice guidelines, and Class 5 of the Association for the Advancement of Cost Estimation. It is currently planned to locate the value-add anode plant in Quebec, Canada. The value-add anode plant will transform natural flake graphite concentrate from Lomiko's La Loutre graphite project, Quebec, Canada, into high-purity, battery-grade anode material.

The process flow of the value-add anode plant will be based on caustic bake and chemical leach purification, and conventional mechanical micronization, spheroidization and pitch tar coating. Anzaplan will ensure that all sections of the PEA technical report relating to the value-add anode plant are based on information prepared by a qualified person as defined in the NI 43-101 report guidance.

Corporate update

PDAC 2026: The company is inviting interested shareholders and investors to reach out and schedule meetings with the chief executive officer and president during PDAC, and to attend the corporate presentation on Wednesday, March 4. More information will be provided on social media.

Settlement of debts for shares

Consequent to the press release issued on Dec. 10, 2025, the company announces settlement of a portion of outstanding debts in the amount of $90,000 through the issuance of 900,000 common shares at a deemed value of 10 cents. The creditors are insiders of the company. All common shares to be issued will be issued with the required four-month-plus-one-day hold period from issuance.

Qualified person for technical content

The technical information in this press release has been prepared and approved by Gordana Slepcev, PEng, who is registered in Ontario as a qualified person as defined by NI 43-101.

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 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).

Lomiko Metals published an updated mineral resource estimate in an NI 43-101 technical report and mineral resource estimate update for La Loutre project, Quebec, Canada, prepared by InnovExplo Inc. on May 11, 2023, which estimated 64.7 million tonnes of indicated mineral resources averaging 4.59 per cent graphitic carbon 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 resulting 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 NI 43 101, are Marina Iund, PGeo (InnovExplo), 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 an 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;
• Boyd: eight sample grades 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 kilometres southwest of the town of Glenwood, Nfld., and south of the Trans-Canada Highway. 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 to 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. (See Metals Creek assessment report.)

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

We seek Safe Harbor.