LMR.V · 2025-04-21 12:00:00

Lomiko Metals Announces the closing of the first tranche of the 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 21, 2025 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko” or the “Company”) is pleased to

announce it will apply to the TSX Venture Exchange (the “Exchange”) to close the first tranche of the non-brokered

private placement for aggregate gross proceeds of $411,499.98 through the issuance of 3,048,148 units of the

Company (each, a “Unit”) at a price of C$0. 135. Each Unit will consist of one common share of the Company and

one warrant exerciseable for three years at $0.20.

Gordana Slepce v, CEO, President, and Director, stated: “We are pleased to close the first tranche of the

private placement, which will be used to continue the pre-feasibility level of the engineering studies for the

La Loutre natural flake graphite deposit. The proceeds raised will also support other strategic initiatives,

including the bulk sample and anode piloting at the La Loutre project, exploring the Company’s Yellow

Fox property, regional graphite exploration, and general working capital purposes. A pre-feasibility study

enables a wide range of independent consultants, principally based in Quebec, to assess the geology and

production model opportunities to select the optimal model that will also mitigate environmental and social

risk factors, and best satisfies the vision and objectives of Lomiko as a responsible developer of natural

flake graphite in Quebec, Canada for a North American energy supply chain.”

While the Company intends to spend the proceeds from the financing as stated above, there may be

circumstances where, for sound business reasons, funds may be reallocated at the discretion of the Board.

A cash finder’s fee $8,775 has agreed to be paid pursuant to the policies of the Exchange.

One insider of the Company subscribed for a total of 400,000 Units. As such, this participation constitutes

a “related party transaction” as defined under Multilateral Instrument 61 - 101 Protection of Minority

Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal

valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of

the Units acquired by the insider nor the consideration for the Units paid by such insider exc eeds 25% of

the Company’s market capitalization. The Company did not file a material change report 21 days prior to

the closing date of this private placement as details of the respective participation of such insiders in the

financing was unknown at such time.

All securities issued shall be subject to a hold period expiring four months and one day from their date of

issuance. Completion of the financing and the issuance of the securities remain subject to receipt of all

necessary regulatory approvals, including the approval of the TSXV.

The Company confirms there is no material fact or material change related to the Company which has not

been generally disclosed.

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 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%

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 origi nating 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 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, 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 statemen ts 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 a ny 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 r eflect 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 Ven ture Exchange) accepts responsibility for the adequacy or

accuracy of this news release.

← Back to feed