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LMR.V ·

Annual General 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 General and Special Meeting Results

November 30, 2020 Lomiko Metals Inc. (the “Company”) (TSX -V: LMR, OTC: LMRMF, FSE: DH8C) is

pleased to announce that on November 27, 2020 it held its Annual General and Special Meeting of Shareholders (the

“Meeting”). A total of 38,690,224 common shares (33.77% of the outstanding common shares) were represented at

the Meeting in person and/or proxy.

1. The Number of Directors

The number of Directors to be set at four (4) was approved by resolution passed by a vote by ballot with 25,567,656

(98.89%) total votes cast “FOR” and 286,485 (1.11%) votes cast “AGAINST”.

2. Election of Directors

Each of the following individuals were elected as directors of the Company as approved by a vote by ballot, for a

term expiring at the conclusion of the next annual meeting of shareholders of the Company or until their successors

are elected or appointed, as follows:

Name Votes “For” (%) Votes “Withheld” (%)

A. Paul Gill 25,228,977 (97.58%) 625,164 (2.42%)

Jacqueline Michael 25,234,998 (97.61%) 619,143 (2.39%)

Julius Galik 25,393,088 (98.22%) 461,053 (1.78%)

Gabriel Erdelyi 25,409,073 (98.28%) 445,068 (1.72%)

3. Appointment of Auditor

The appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditors

of the Company, the authorization for the directors to fix the remuneration to be paid to the was approved by a

resolution passed by a vote by ballot, with 38,337,844 (99.09%) total votes cast “FOR” and 352,380 (0.91%) total

votes “WITHHELD”.

4. 2020 Stock Option Plan

The 2020 Stock Option Incentive Plan was approved by a resolution passed by a vote by ballot with 24,423,543

(94.47%) total votes cast “FOR” and 1,430,598 (5.53%) total votes cast “AGAINST”.

5. Approval to the Extension of Closing the Sale of the Company’s Subsidiary

The approval to the extension of the closing date of the sale of the Company’s wholly owned subsidiary in accordance

with the Business Corporations Act (BC) to Promethieus Technologies Inc was approved by a special resolution

passed by a vote by ballot with 25,561,041 (98.87%) total votes cast “FOR” and 293,100 (1.13%) total votes cast

“AGAINST”. The resolution was non-arm’s length transaction.

6. Other Matters

At the first meeting of the newly constituted Board of Directors held immediately after the Meeting, A. Paul Gill was

elected to serve as President and Chief Executive Officer and Jacqueline Michael as Chief Financial Officer until the

next annual general meeting of the Company. The Board also elected Julius Galik, Gabriel Erdelyi and Jacqueline

Michael to serve as the Company’s Audit Committee until the next annual general meeting of the Company.

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For more information on the Company, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312

or email: [email protected].

On Behalf of the Board,

LOMIKO METALS INC.

Jacqueline Michael

Director

We seek safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) a ccepts responsibility

for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities in any jurisdiction in which such offer or solicitation would be

unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities offered under the offering have not been and will not be

registered under the United States Securities Act of 1933, as amended (the " Securities Act"), or the securities laws of any state of the United States, and may not be

offered or sold in the United States or to, or for the account or benefit of, any U.S. Person (as defined in Regulation S of the Securities Act) or a person in the United

States, unless an exemption from such registration requirements is available.

Forward Looking Statements

This release includes forward-looking statements regarding Lomiko and its business. Such statements are based on the current expectations and views of future events

of Lomiko’s management. In some cases, the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”,

“intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-

looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to consummate the project financing, the

economic feasibility of the La Loutre Project, known and unknown risk factors and uncertainties affecting Lomiko, including r isks regarding the resource industry,

economic factors and the equity markets generally and many other factors beyond the control of Lomiko. No forward-looking statement can be guaranteed. Forward-

looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause

our actual results, performance or achievements, or industry results, to be materially different from any future results, per formance or achievements expressed or

implied by such forward- looking statement or information. Accordingly, readers should not place undue reliance on any forward- looking statements or

information. Forward-looking statements speak only as of the date on which they are made and Lomiko undertakes no obligation to publicly update or revise any

forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.