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LMR.V ·

Annual and Special Meeting Results

Shareholder Meetings

#439, 7184 120th Street, Surrey, BC, V3W 0M6● Ph: (778) 228- 1170 ● Fax: (604) 583-1932 ● Website: www.lomiko.com

Annual and Special Meeting Results

Montreal, Quebec – December 7, 2022 - Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals”

or the “Company”) is pleased to announce that on December 6, 2022 shareholders approved all

the resolutions put forth at the Annual and Special Meeting of Shareholders.

The number of Directors was set at six and each of the following individuals was re -elected as

directors of the Company: A. Paul Gill , Belinda Labatte , Eric Lev y, Sagiv Sh iv, Dominique

Dionne and Lee Arden Lewis. Anu Dhir, who has been a director of the Corporation since 2021,

did not stand for re -election. The Company thanks Ms. Anu Dhir for her guidance and service at

Lomiko in the important first year for this new team. In addition, subsequent to the meeting, the

Board of Directors appointed Sagiv Shiv as Lead Independent Director, Dominique Dionne as

Chair of the ESG Committee (Environment, Social and Governance Committee) and Lee Arden

Lewis as member of the Audit Committee.

The appointment of Dale Matheson Carr -Hilton Labonte LLP, Chartered Professional

Accountants, as the auditors of the Company, and the authorization for the directors to fix the

remuneration to be paid to the auditors, was approved. The 2022 Omnibus Incentive Plan was re-

approved.

Interested shareholders can view the Company’s Investor presentation at the following link:

https://lomiko.com

About Lomiko Metals Inc.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company

with purpose: a people -first company where we can manifest a world of abundant renewable

energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is

to create a new energy future in Canada where we will grow the critical minerals workforce,

become a valued partner and neighbour with the communities in which we operate, and provide a

secure and responsibly sourced supply of critical minerals.

The Company holds exclusive mineral interests in its La Loutre graphite development in southern

Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First

Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory

is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of

Montreal, the property consists of 1 large, continuous block with 76 minerals claims totaling 4,528

hectares (45.3 km2). Lomiko Metals published a Preliminary Economic Assessment (“PEA”) on

September 10, 2021 which indi cated the project had a 15 -year mine life producing per year

100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite

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concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko

Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain

Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier

project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee

James Bay territory in Quebec which consists of 203 claims, for a total ground position of

10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of

Quebec that has historically housed lithium deposits and mineralization trends.

Mr. Mike Petrina, Project Manager, a Qualified Person (“QP”) under National Instrument 43-101

– Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure

in this news release.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact Belinda

Labatte at 647-402-8379 or email: [email protected].

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian

securities legislation that is based on expectations, estimates, projections and interpretations as at the date

of this news release. The informa tion in this news release about the Company; and any other information

herein that is not a historical fact may be "forward-looking information" (“FLI”). All statements, other than

statements of historical fact, are FLI and can be identified by the use of statements that include words such

as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts",

“proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should",

"believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the

Company’s objective to become a responsible supplier of critical minerals, exploration of the Company’s

projects, including expected costs of exploration and timing to achieve certain milestones, including timing

for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded

for the implementation of its business strategy and for exploration of any of its projects (including from the

capital markets); any anticipated impacts of COVID-19 on the Company’s business objectives or projects,

the Company's financial position or operations, and the expected timing of announcements in this regard.

FLI involves known and unknown risks, ass umptions and other factors that may cause actual results or

performance to differ materially , and statements relating to the intended use of proceeds of the Offering

and the receipt of final acceptance of the TSX Venture Exchange. This FLI reflects the Company’s current

views about future events, and while considered reasonable by the Company at this time, are inherently

subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will

accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation:

current market for critical minerals; current technological trends; the business relationship between the

Company and its business partners; ability to implement its business strategy and to fund, explore, advance

and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a

safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental

and other permits or approvals in Quebec; any unforeseen impacts of COVID -19; impact of increasing

competition in the mineral exploration business, including the Company’s competitive position in the

industry; general economic conditions, including in relation t o currency controls and interest rate

fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement,

the “Forward -Looking Statements” section contained in the Company’s most recent management’s

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discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor

presentation on its website. All FLI in this news release are made as of the date of this news release. There

can be no assurance that such statements will prove to be accurate, as actual results and future events could

differ materially from those anticipated in such statements. Accordingly, readers should not place undue

reliance on forward-looking information. The Company does not undertake to update or revise any such

forward-looking statements or forward- looking information contained herein to reflect new events or

circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news

release. No stock exchange, securities commission or other regulatory authority has approved or

disapproved the information contained herein.

On behalf of the Board,

Belinda Labatte

CEO and Director, Lomiko Metals Inc.

Kimberly Darlington

Investor Relations, Lomiko Metals

[email protected]

514-771-3398