Corporate Matters Update

#439- 7184 120th Street, Surrey, B.C. V3W 0M6

CORPORATE MATTERS UPDATE

Vancouver, B.C JULY 24, 2021 Lomiko Metals Inc. (“Lomiko” or “the Company”) (TSX -V: LMR, OTC:

LMRMF, FSE: DH8C). The Company wishes to announce that is has renewed the management

agreements with each of A. Paul Gill (AJS Management Ltd.) as President and Chief Executive Officer and

Jacqueline Michael (M&M Corporate Services Ltd.) as Chief Financial Officer. The terms of the

agreement provide for a salary of $7,500 per month plus GST and reasonable out of pocket expenses.

The agreements contain termination clauses whereby the Company is obligated to pay termination pay

of 18 times the salary in case of termination or change of control.

On Behalf of the Board,

“A. Paul Gill”

A. Paul Gill

Chief Executive Officer

We Seek Safe Harbour. Neither 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 release.