Lomiko Selects Ausenco for La Loutre PEA

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Lomiko Selects Ausenco for La Loutre PEA

(Montreal, Quebec) April 1, 2021 - Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C)

(Lomiko or the “Company”) is pleased to announce the selection of Ausenco Engineering Canada

Inc. (“Ausenco”) as the lead study consultant to complete the preliminary economic assessment

(“PEA”) for the Company’s La Loutre Flake Graphite Pro perty (“La Loutre” or the “Project”). The

Project includes the Graphene Battery (GB) zone to the south and the Electric Vehicle (EV) zone

to the north. The PEA will be completed by Ausenco in accordance with National Instrument 43 -

101 (“NI 43-101”).

The Project is located only 192 km north-west of the Port of Montreal and 100 km west of Saint-

Jérôme, Quebec where the Quebec and Federal governments announced March 15, 2021 that

they will each provide $50 million to Lion Electric to build a battery pack assembly plant.

Ausenco is a global ly-diversified engineering, construction and project management company

providing consulting, project delivery and asset management solutions to the resources, energy

and infrastructure sectors. Ausenco ’s specialist environmental group Hemmera will provide

support from Montreal, Quebec and Moose Mountain Technical Services will be responsible for

the resource estimate and mine design . Ausenco’s experience in mining projects, ranges from

conceptual, pre -feasibility and feasibility studies for new project developments to project

execution with EPCM and EPC delivery. Their involvement in the study and execution of projects

similar to La Loutre will be invaluable in driving optimized value enhancing outcomes for the

stakeholders.

Quebec’s Role in The New Green Economy

In 2020, The Quebec Government released the Quebec Plan for Development of Critical and

Strategic Minerals (“The Quebec Plan”) which indicates graphite demand would likely increase

300-500% in the coming decades as more is used in the production of spherical graphite for anode

portion of Electric Vehicle Lithium-ion batteries. Quebec has an opportunity to play a vital role in

reducing carbon emissions and become a key provider of critical battery materials to the North

American economy.

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