LMR.V · 2025-04-01 12:00:00

Lomiko Metals Announces Private Placement

Financings

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

Website: www.lomiko.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

April 1st, 2025 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or

the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for

aggregate gross proceeds of up to C$1,000,000 from the sale of the following:

 up to 4,444,444 units of the Company (each, a “Unit”) at a price of C$0.135 per Unit for

gross proceeds of up to C$600,000 from the sale of Units. Each Unit will consist of one

common share of the Company (each, a “Common Share”) and one common share

purchase warrant (each, a “Warrant”) exerciseable for three years at $0.20.

 up to 2,352,941 flow-through units of the Company (the “FT Units”, and collectively with

the Units, the “Offered Securities”) at a price of C$0.17 per FT Unit for gross proceeds of

up to C$400,000 from the sale of FT Units. Each FT Unit will consist of one Common

Share to be issued as a “flow-through share” within the meaning of the Income Tax Act

(Canada) (the “Income Tax Act”) (each, a “FT Share”) and one half of one Warrant. Each

whole Warrant will entitle the holder thereof to purchase one Common Share at a price of

C$0.20 for a period of two (2) years.

The Company intends to use the proceeds of the Offering to start the engineering phase of the pre-

feasibility study of the La Loutre graphite project, progressing with the bulk sample and anode

piloting at the La Loutre project, explore the Company’s Yellow Fox property, regional graphite

exploration, and general working capital purposes.

The gross proceeds from the issuance of FT Shares will be used to incur resource exploration

expenses, which will constitute “Canadian exploration expenses” as defined in subsection 66.1(6)

of the Income Tax Act and “flow-through critical mineral mining expenditures” as defined in

subsection 127(9) of the Income Tax Act (the “Qualifying Expenditures”), which will be incurred

on or before December 31, 2026 and will be renounced with an effective date no later than

December 31, 2025 to the subscribers of FT Units in an aggregate amount not less than the gross

proceeds raised from the issue of the FT Shares. For subscribers of FT Units that are residents of

Québec at all relevant times, the Qualifying Expenditures shall qualify for inclusion in the

“exploration base relating to certain Québec exploration expenses” within the meaning of section

726.4.10 of the Taxation Act (Québec) and expenses qualifying for inclusion in the “exploration

base relating to certain Québec surface mining expenses or oil and gas exploration expenses”

within the meaning of section 726.4.17.2 of the Taxation Act (Québec).

A finder’s fee may be payable pursuant to the policies of the TSX Venture Exchange (the

Exchange”).

The closing of the Offering is subject to receipt of all necessary regulatory approvals including the

Exchange.

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 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 7 early-stage projects covering

18,622 hectares in southern Quebec.

• 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%Cgto 17.10 %Cg with all samples above 5.00% Cg

In addition to La Loutre, Lomiko has earned-in its 49% stake in the Bourier Project from Critical

Elements Lithium Corporation as per the option agreement announced on April 27 th, 2021. The

Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou

Istchee James Bay territory in Quebec, which consists of 203 claims for a total ground position of

10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of

Quebec that has historically housed lithium deposits and mineralization trends.

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. The property is centered at approximately UTM (NAD 27)

grid coordinates 5,419,400m North and 645,300m East.

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 Metals Creek assessment report at

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

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 remain 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 certainty 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. Accordingly, 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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