Lomiko Metals Provides Update ON Arrangement with Global Battery Materials, Loan Facility and Funding of the Yellow Fox Project

LOMIKO METALS PROVIDES UPDATE ON ARRANGEMENT WITH GLOBAL

BATTERY MATERIALS, LOAN FACILITY AND FUNDING OF THE YELLOW FOX

PROJECT

Vancouver, British Columbia – August 7, 2026 – Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE:

DH8C) (“Lomiko” or the “ Company”) is pleased to announce that it has received additional shareholder

support for its previously announced transaction with Global Battery Materials Corp. (the “ Purchaser” or

“GBM”) pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of the

Company (the “Shares”) for cash consideration of C$0.13 per Share by way of a court -approved plan of

arrangement under the Business Corporations Act (British Columbia), subject to customary closing conditions

(the “Transaction”).

Subsequent to the Company's announcement on July 28, 2026, additional shareholders of the Company,

holding an aggregate 3,747,444 Shares (representing approximately 4.7% of the issued and outstanding

Shares), have entered into voting and support agreements with the Purchaser, pursuant to which they have

agreed, among other things, to vote their Shares in favour of the Transaction, subject to the terms and

conditions of their respective agreements. A copy of the form of voting and support agreement will be filed

under the Company's profile on SEDAR+ in accordance with applicable securities laws.

Together with the voting and support agreements previously entered into by certain shareholders and the

directors and officers of the Company, shareholders holding, in aggregate, approximately 22.9% of the

issued and outstanding Shares have now agreed to vote their Shares in favour of the Transaction.

Loan Facility Update

Further to the Company's news release dated July 28, 2026, the Company wishes to clarify that, in addition

to bearing interest at a rate of 8.0% per annum, the loan facility granted in connection with the Transaction

(the “Loan Facility”) permits the Company, at its option, to satisfy monthly interest obligations (other than at

maturity or upon conversion of the Loan Facility) by capitalizing accrued and unpaid interest and adding such

amounts to the outstanding principal balance of the Loan Facility. Any such capitalized interest will thereafter

accrue interest at the applicable rate in accordance with the terms of the Loan Facility. Further to the foregoing,

any future proposal to settle accrued or capitalized interest under the Loan Facility through the issuance of

securities of the Company will be subject to prior written acceptance of the TSX Venture Exchange (the

“TSXV”) and shall be completed at a price no lower than the Market Price (as defined in the policies of the

TSXV) of the Company's Shares at the time of such conversion or settlement.

The Company has also received conditional approval from the TSXV for the Loan Facility, subject to the

satisfaction of customary conditions and final acceptance of the TSXV. The Company expects to proceed with

an initial drawdown under the Loan Facility on August 7, 2026 in accordance with the terms thereof.

Securityholder Meeting

Additional details regarding the Transaction, including the background to the Transaction, the reasons for

recommendations of the special committee of the board of directors and the board of directors for the

Transaction and how securityholders can participate in and vote at the special meeting of securityholders to

be held in connection with the Transaction, will be set out in the Company's management information circular

to be prepared, filed and sent to securityholders. Copies of the management information circular, the form of

voting and support agreements and other proxy materials will be filed with Canadian securities regulators and

made available on the SEDAR+ profile of the Company at www.sedarplus.ca.

The 2026 Junior Exploration Assistance (JEA)

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The Company is also pleased to acknowledge the support of Provincial JEA by the Government of

Newfoundland and Labrador regarding its critical minerals project Yellow Fox.

The 2026 Junior Exploration Assistance (JEA) budget is $3.9 million and includes: $1.3 million from provincial

grant funds, $1.3 million from ACOA-funded Critical Mineral Assistance (CMA) and $1.3 million from the

provincially funded Provincial Critical Mineral Assistance (PCMA). Funding is provided as rebates for eligible

exploration activities. Within this funding, Lomiko can receive a rebate of up to $96,118.

About Lomiko Metals Inc.

The Company holds mineral interests in its advanced La Loutre Graphite Project in southern Québec. The

La Loutre Graphite Project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory, which 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 exclusive exploration rights totaling 4,528

hectares (45.3 km2). The Company also holds an interest in seven early-stage projects in southern Québec,

including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low, and Carmin, covering 328 exclusive

exploration rights over 18,622 hectares in the Laurentian region of Québec and within KZA territory. The

Company has optioned an early-stage property prospect in the precious metals, antimony, and REEs. The

Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood, NL, and south of

the Trans-Canada Highway.

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

at 647-391-7344 or email: [email protected].

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws.

Forward-looking information may be identified by statements including words such as: “anticipate,” “intend,”

“plan,” “budget,” “believe,” “project,” “estimate,” “expect,” “scheduled,” “forecast,” “strategy,” “future,” “likely,”

“may,” “to be,” “could,” “wo uld,” “should,” “will” and similar references to future periods or the negative or

comparable terminology, as well as terms usually used in the future and the conditional.

Forward-looking information may include, without limitation, statements regarding the expected benefits of

the Transaction, the timing of various steps to be completed in connection with the Transaction, the

anticipated timing and completion of the Transac tion, the timing of the Meeting and mailing of the

management information circular, the level of shareholder support for the Transaction and the number of

Shares expected to be voted in favour of the Transaction, the receipt of required Securityholder, court,

regulatory, stock exchange and third- party approvals, the satisfaction or waiver of the conditions to

completion of the Transaction, and other statements that are not material facts.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited

to, that the parties will receive, in a timely manner and on satisfactory terms, the necessary court,

Securityholder, stock exchange, third- party and regulatory approvals, that the shareholders who have

entered into voting and support agreements will comply with their obligations thereunder and vote their

Shares in favour of the Transaction, and that the parties will otherwise be able to satisfy, in a timely manner,

the other conditions to the closing of the Transaction.

The Company considers these assumptions to be reasonable in the circumstances. However, there can be

no assurance that such assumptions will reflect the actual outcome of such items or factors. By its nature,

forward-looking information involves known and unknown risks, uncertainties, changes in circumstances and

other factors that are difficult to predict and many of which are outside of the Company’s control which may

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cause actual results to differ materially from any future or potential results expressed or implied by such

forward-looking information.

Important factors that could cause actual results to differ materially from those indicated in the forward-

looking information include, among others: (i) the possibility that the Transaction will not be completed on

the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all,

due to a failure to obtain or satisfy, in a timely manner or otherwise, required Securityholder, court, third-

party and regulatory approvals or for other reasons; (ii) the risk that shareholders who have entered into

voting and support agreements may not comply with their obligations thereunder or may not vote their Shares

in favour of the Transaction; (iii) the possibility of adverse reactions or changes in business resulting from

the announcement or completion of the Transaction; (iv) risks relating to the Company's ability to retain and

attract key personnel during the interim period; (v) the possibility of litigation relating to the Transaction; (vi)

the potential of a third party making a superior proposal; (vii) risks related to diverting management's attention

from the Company's ongoing business operations; and (viii) other risks inherent to the business carried out

by the Company and factors beyond its control which could have a material adverse effect on the Company

or its ability to complete the Transaction. The Company has assumed that the risk factors referred to above

will not cause such forward- looking statements and information to differ materially from actual results or

events. The reader is cautioned to consider these and other factors, uncertainties and potential events

carefully and not to put undue reliance on forward-looking statements.

Other than as specifically required by applicable Canadian law, the Company undertakes no obligation to

update any forward- looking statement to reflect events or circumstances after the date on which such

statement is made, whether as a result of new information, future events or results, or otherwise.