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Lomiko Retains Hemmera for Environmental Base -line Studies and Bridge © for Community Consultation Meetings on La Loutre Graphite Project

Corporate Updates

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Lomiko Retains Hemmera for Environmental Base -line Studies and Bridge © for

Community Consultation Meetings on La Loutre Graphite Project

(Montreal, Quebec) August 27, 2021 - Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C)

(Lomiko or the “Company”) announces that it has engaged Hemmera, a wholly owned subsidiary

of Ausenco, Engineering Canada Inc. a leading Canadian environmental consultancy.

“Lomiko is focused on investigating the best methods of handling mineralized and non -

mineralized material for the duration of the project and remediation of the area as quickly as

possible.” Stated A. Paul Gill, CEO of Lomiko Metals Inc.

Environmental Baseline Studies

Lomiko Metals decided early on to explore as many layout alternatives as possible in order to

reduce environmental impacts, upstream of the impact assessment process for the La Loutre

Graphite Project (“Project”). In fact, during its Preliminary Economic Assessment (“PEA”) study,

which is typically economic in nature, the internal team made an early decision to reduce the

project's footprint to a minimum and reduce encroachment upon local wetlan ds and lakes.

Several different alternatives were evaluated. Very early on during the concept studies, Lomiko

decided to evaluate environmentally friendly options for tailings, in order to avoid the creation of

traditional tailings disposal areas which comprise impoundment of tailings and water . This

approach led to the choice of co-disposal of tailings with mine waste rock, , even though it is a

higher-cost option for tailings disposal. By making early, well thought out and proactive decisions,

the Project is seeking to minimise its environmental footprint and, wherever possible, avoiding

contact with water, rather than simply implementing mitigation solutions.

With this approach in mind, Lomiko Metals has retained Hemmera to begin baseline studies of

the surrounding area of the La Loutre Project, as of August 2021. These studies will make it

possible to properly understand and document the environment of the area. The baseline studies

will start with the characterization of wetlands, the characterization of fish habitat, hydrology,

and surface water quality. These studies will progress through to next year, to provide the

required information for the next project study phases as well as the environmental impact study,

focussing on minimizing and compensating for any potential environmental impacts. The

methodology used is in full compliance with all provincial and federal regulations.

Community Consultation

On August 20, 2021, Lomiko announced that Bridge© would be hired to facilitate community

consultation. O pportunities for community participation are currently planned for the end of

September 2021. These meetings will provide the opportunity to everyone conc erned to learn

more about the various stages of the Project, as well as the purpose of the current baseline

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studies. The community will be able to get involved by viewing the project presentation, asking

questions after the presentation or more casually wh ilst mingling , and learn more about the

opportunities created by the Project as well as the economic, social, and environmental benefits

for all stakeholders in the area.

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

A. Paul Gill at 604-729-5312 or email: [email protected].

On Behalf of the Board,

“A. Paul Gill”

Chief Executive Officer

We Seek Safe Harbour. Neither 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 release.