Lomiko Encouraged by Quebec Critical and Strategic Mineral Development Plan and U.S. – Canada Joint Action Plan on Critical Minerals

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Lomiko Encouraged by Quebec Critical and Strategic Mineral

Development Plan and U.S. – Canada Joint Action Plan on Critical Minerals

(Vancouver, British -Columbia) February 10, 2021 - Lomiko Metals Inc. ( TSX-V: LMR, OTC:

LMRMF, FSE: DH8C) (Lomiko or the “Company ) has been monitoring government initiatives

within the Critical Minerals industry. Recently, the Quebec Plan for Development of Critical and

Strategic Minerals (“The Quebec Plan”) indicated that graphite demand would likely increase 300-

500% in the coming decades.

Government Initiatives

The Quebec Plan calls for s upport for companies and local communities in the development of

critical and strategic mineral industries with ethical and responsible practices which would attract

investment.

The Quebec Plan is prepared to support the exploration and mining of Critical and Strategic

Minerals (CSMs) including sharing the financial risk of exploration and assistance in relations with

local communities and First Nations. The Plan also addresses the need for infrastructure

improvement and meshes with the Canada-U.S. Joint Action Plan on Critical Minerals

Collaboration, which is focused on securing sup ply chains for the critical minerals needed for

important manufacturing sectors in North America.

What is graphite and what is it used for?

Graphite is a naturally occurring crystalline form of carbon which is soft, greyish -black with a

metallic sheen. Interest in graphite has increased because it is used in the lithium -ion batteries

that power electric cars. However, there are other significant uses. In steelmaking it increases its

carbon content and makes steel products stronger. In the automobile industry, graphite is used

in gaskets, brake linings and clutch materials. It also has a range of other industrial uses, including

in components of electric motors, batteries, lubricants, and pencils.

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

A. Paul Gill at 604-729-5312 or email: [email protected].

On Behalf of the Board,

“A. Paul Gill”

Chief Executive Officer

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) accepts responsibility for the adequacy

or accuracy of this release