LMR.V · 2026-01-22 12:00:00

Lomiko Announces Omnibus Equity Incentive Plan Grants and Stock Option Cancellations

Share Capital & Compensation

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

Montreal, Quebec – January 22nd, 2026 - Lomiko Metals Inc. (TSX-V: LMR) (“Lomik o” or the

“Company”) is pleased to announce grants for management and board compensation. As part of the

annual short and long-term incentive program, as determined by the Board, Lomiko is announcing

the grant of Restricted Share Units (“RSUs”) to management and RSUs and Deferred Share Units

(“DSUs”) to the Board , and stock options to management in accordance with the Company’s

approved 2025 Omnibus Equity Incentive Plan (the “Plan”).

On the recommendation of the Compensation, Corporate Governance, and Nominating Committee

(“CCGNC”), the Board has approved the grant of an aggregate of 411,095 RSUs and 731,953 DSUs

to the Company's directors. Management, including the Executive Chair, has been granted an

aggregate of 425,133 RSUs, and 50,000 stock options have been issued.

The Plan’s objective is to create an incentive compensation program that is aligned with the

Company’s long-term objectives. Stock options, DSUs, RSUs and PSUs are granted in accordance

with Policy 4.4 – Security Based Compensation of the TSX Venture Excha nge (the “Exchange”),

the terms and conditions of the Plan and the terms of the award agreement evidencing such equity

compensation security.

RSUs: Each vested RSU can be redeemed for one fully paid and non -assessable common share of

Lomiko issued from treasury. RSUs are vested by January 22, 2027. The number of RSUs granted

was calculated based on the compensation to be paid to the director, as recommended by CCGNC

and approved by the Board, and was calculated using a 5- day volume weighted average closing

price of C$0.15 per common share.

DSUs: Each vested DSU can be redeemed for one fully paid and non- assessable common share of

Lomiko issued from treasury. For directors, the DSUs granted vest on January 22, 2027, and are

settled on a director’s retirement from the board. The number of DSUs granted was calculated based

on the compensation to be paid to the director, as recommended by CCGNC and approved by the

Board, and was calculated using a 5 -day volume weighted average closing price of C$0.15 per

common share.

Stock options: Stock options for management have a 5 year term from the grant date. The v esting

Schedule is as follows: equal instalments of one -third (1/3) on grant date, in year 1, the first

anniversary of the grant date and the balance in year 3, the third anniversary of the grant date. The

exercise is C$0.15 per option.

In addition, the board has cancelled a total of 355,000 stock options at an exercise price of C$1.20

per common share and an expiry date of August 2026 and October 2026, in order to increase

available capacity under the Plan. .

About Lomiko Metals Inc.

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

The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s 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 kilometers northwest of Montreal, the

property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares (45.3

km2).

The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian Shield.

The Grenville was formed under conditions that were very favorable for the development of coarse-

grained, flake -type graphite mineralization from organic -rich material during high- temperature

metamorphism.

Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical

Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared

by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral

Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of

184%. 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 down-

dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral

Resources averaging 3.51% Cg per tonne for 0.65 million 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 US$1,098.07 per tonne graphite price and a cut -off grade

of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral re source

estimate, as defined by NI 43 101, are Marina Iund, P.Geo. (InnovExplo Inc.), Martin Perron,

P.Eng. (InnovExplo Inc.)., Simon Boudreau, P.Eng. (InnovExplo Inc.). and Pierre Roy, P.Eng.

(Soutex Inc.). The effective date of the estimate is May 11, 2023.

The Company also holds 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 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and within

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 January 7 th, 2025. ( https://lomiko.com/news/lomiko-metals-

encounters-up-to-27-9-graphite-at-its-laurentides-early-stage-projects-including-the-discovery-

of-four-new-zones-at-the-ruisseau-project-spanning-over-3-kilometres-long/)

• Ruisseau –grades up to 27.9 percent carbon graphite (“% Cg”) from four distinct high grade

mineralized zones that are over 3km long;

• Meloche –grades up to 13.3% Cg from two distinct mineralized clusters;

• Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and

• Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct

mineralized cluster.

• Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg.

The technical content regarding the exploration results presented was reviewed by Mark Fekete,

P.Geo. who acts as an independent consultant to the Company and is the Qualified Person.

The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood NL,

and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14 and

15 with excellent access along several logging and skidder roads originating from Glenwood. The

main Yellow Fox showing is located in the central part of License 027536M, 5km 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 25km 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

(Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks, resulting

in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-

stibnite veins within altered mo nzogranite. (See Metals Creek assessment report

at https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf)

Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid

P.Geo. is registered in Newfoundland.

On behalf of the Board, Gordana Slepcev, CEO & President and Director, Lomiko Metals Inc.

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

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 information 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 total gross proceeds of the

Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering;

the Company’s ability to successfully fund, or r emain fully funded for the implementation of its

business strategy and for exploration of any of its projects (including from the capital markets);, and

the expected timing of announcements in this regard. FLI involves known and unknown risks,

assumptions and other factors that may cause actual results or performance to differ materially.

The FLI in this news release 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 certaint y that they will accurately reflect actual

results. Assumptions upon which such FLI is based include, without limitation: the Company’s,

ability to implement its overall business strategy and to fund, explore, advance and develop each of

its projects, including results therefrom and timing thereof, the impact of increasing competition in

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

general economic conditions, including in relation to 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 discussion and analysis (MD&A), which is available on SEDAR+

at www.sedarplus.ca. 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. Ac cordingly, readers should not

place undue reliance on such forward -looking information. The Company does not undertake to

update or revise any 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.

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