LMR.V · 2025-11-29 12:00:00

Lomiko Metals Announces Management Change

Management Changes

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

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DISSEMINATION IN THE UNITED STATES

November 29, 2025 – Montreal, Québec: Lo miko Metals Inc. (TSX.V: LMR) (“Lomiko” or the

“Company”) is pleased to announce the appointment of Robert Boisjoli as the Company’s Chief

Financial Officer (CFO), effect ive immediately. Mr. Boisjoli, based in Montreal, replaces the

company’s outgoing CFO, Jacqueline Michael.

Mr. Boisjoli, who is a Fellow Chartered Professional Accountant, is a corporate

finance/operational professional with over 30 years of operational and advisory experience. He is

the managing director of Atwater Financial Group, a company specializing in financial reporting

services for listed mining companies. He is an advisor to various public exploration companies.

Mr. Boisjoli was an investment banker with various Canadian securities firms. He is also a Board

Member of CPA Professional Liability Plan Inc. and various nonprofit community organizations.

About Lomiko Metals Inc.

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

The La Loutre project site is within the Kitiga n 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 bloc k with 76 mineral claims totaling 4,528 hectares

(45.3 km2).

The Property is underlain by rocks from the Gre nville 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 mineraliz ation 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 fo r 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 tonn e 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 ma rble units resulted in the a ddition of 17.5 million tonnes of

Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 milli on 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 categor y, 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

resource estimate, as defined by NI 43 101, ar e Marina Iund, P.Geo. (Innov Explo Inc.), Martin

Perron, P.Eng. (InnovExplo Inc.)., Simon Boudre au, 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, No rth Low and Carmin, covering 328 claims in

total on 7 early-stage projects covering 18,622 hectares in the La urentian 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 s pot 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 monzogranite. (See Me tals 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.

Signed: “Gordana Slepcev”

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

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