LMR.V · 2025-09-29 12:00:00

Lomiko Metals announces the hard dollar financing

Financings

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

Website: www.lomiko.com

September 29th, 2025 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”)

is pleased to announce a private placement (the “Offering”) for aggregate gross proceeds of up to $800,000 through

the issuance of 8,000,000 units of the Company (each, a “Unit”) at a price of C$0. 10. Each Unit will consist of one

common share of the Company and one-half common share purchase warrant exercisable for three years at $0.15.

Gordana Slepcev, CEO, President, and Director, stated: “ The proceeds of the private plac ement 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 baseline data collection, the bulk sample , and

anode piloting at the La Loutre project, and general working capital purposes. The engineering studies support a wide

range of independent consultants, principally based in Quebec, to assess the geology and project potential, and to

select the optimal production model that will also serve to 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.

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 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 6 4.7 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 Resource s 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

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)

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 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.

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