Mr. Gordana Slepcev reports

LOMIKO METALS ANNOUNCES PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$500,000 AND PROVIDES COMMUNITY UPDATE

Lomiko Metals Inc. has arranged a private placement for aggregate gross proceeds of up to $500,000 through the issuance of five million units of the company at a price of 10 cents per unit. Each unit will consist of one common share of the company and one-half common share purchase warrant, with each warrant entitling the holder to acquire one common share of the company at a price of 15 cents per share for a period of three years following the closing of the offering.

The company intends to use the proceeds of the offering for general working capital purposes, the advancement of the La Loutre natural flake graphite project and for regional graphite exploration.

All securities issued shall be subject to a hold period expiring four months and one day from the Closing. completion of the offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Community update

Lomiko is pleased to announce that it is working more closely with a local construction partner on further development of the project and is currently reviewing a number of mutually beneficial cooperation opportunities. This working relationship solidifies and demonstrates Lomiko's commitment to regional participation, and creates community alignment and opportunities not just for this specific group but also for other service providers and community members via direct employment, and underscores the importance of critical mineral projects in Quebec and Canada as economic engines of growth. Lomiko is continuing to work with many local contractors and Quebec suppliers throughout its study phase, as previously announced, given the region's qualified work force and many established engineering services.

Lomiko is working on finalizing the National Instrument 43-101 preliminary feasibility report for its La Loutre graphite project, with the report expected to be published on or before May 8, 2026. The preliminary feasibility study forecasts similar outputs to previously published preliminary economic assessment (see press release issued on Aug. 4, 2021) of around 97,000 tonnes of concentrate per year for the first 20 years and 39,000 tonnes per year for the last eight years and, also reaffirms that, even with the doubling of the mine life, which solidifies the project's sustainability for jobs and industry capacity building, the project footprint remains under the 5 per cent of the total claim package. The project is expected to support the creation of over 250 jobs during construction and 160 jobs in production. The projected revenue of $4.7-billion can have a significant economic impact on the province and Southern Quebec. The mining and plant are assumed to be operated by a local work force (see the company's news release issued on March 24, 2026).

Qualified person

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 National Instrument 43-101.

The PFS has been prepared by DRA. The contributors to the report are qualified persons (QP) under National Instrument 43-101 and are independent of Lomiko for the purposes of the NI 43-101. The technical content of the PFS and this press release has been reviewed and approved by: Colin Fyfe, PEng, Danielle Demers, PEng, ing, David Sims, PGeo (British Columbia), Geo, Denys Vermette, PGeo (Qc), Georgi Doundarov, PEng, PMP, CCP, MSc, Jessica Breault, ing, Jordan Zampini, PEng, Kerrine Azougarh, PEng, Marina Iund, PGeo, MSc, Oliver Peters, PEng.

About Lomiko Metals Inc.

The company holds mineral interests in its advanced La Loutre graphite development in Southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory, which 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 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 over 18,622 hectares in the Laurentian region of Quebec and within KZA territory.

The company has optioned an early stage property prospect in the precious metals, antimony and REES. The Yellow Fox property is located approximately 10 km southwest of the town of Glenwood, Nfld., and south of the Trans-Canada Highway.

We seek Safe Harbor.