Ms. Belinda Labatte reports

LOMIKO PROVIDES CORPORATE UPDATE AND ANNOUNCES FALL EVENTS AND SPEAKING ENGAGEMENTS

Lomiko Metals Inc. has provided a corporate update and has outlined its fall events and speaking engagements.

Belinda Labatte, chief executive officer and director, stated: "Our team is leading as a people-first company and operator of choice in the development of all our critical minerals opportunities. We recognize that listening to stakeholders and active engagement with first nations are key priorities to advancing our projects, and we also look forward to sharing the opportunities for development of modern, carbon-neutral and environmentally responsible operations. The only way for renewable energy transition to occur is to secure our raw natural resources and develop them responsibly. We are pleased to speak on these subjects at upcoming events and speaking engagements."

Ms. Labatte continued: "I also want to acknowledge to community members that we hear you. We will continue to respond to all local community residents with questions or concerns and develop a path for further engagement as studies and ideas progress. Lomiko believes in climate success stories and that responsible exploration, development and mining is essential to our renewable energy transition. These conversations, and ultimately agreements, on historical claims will require time, effort and collaborative commitment to evolve. We are pleased to participate as an ECOLOGO certified company to reassure ourselves and others that we maintain the highest standards for critical minerals exploration.

"We are a progressive organization and invite all stakeholders to get involved in the Canadian and Quebec critical minerals strategy. We will keep providing baseline data to all local residents and all other information as it becomes available, and we have a community page live on the Lomiko website which is fully bilingual."

Corporate update

Lomiko utilized the finances raised early in the year, including $2.1-million in flow-through financing and a $1.5-million private placement, to progress work in drilling, metallurgical testing and environmental baseline studies. In addition, geophysical fieldwork for the six new graphite properties is now complete and has identified new targets for future follow-ups. Lomiko has also completed its summer soil and surface field testing program with Critical Elements Lithium Corp. and Gold Spot AI at its Bourier lithium property. These results will be shared when they are available. The company is actively working to build a pipeline of projects suitable to feed into the critical minerals supply chain and power a transition from fossil fuels to renewables, especially for EV (electric vehicle) battery systems.

Participation in events and speaking engagements

Lomiko is pleased to be presenting and participating in the following upcoming conferences in Detroit, Toronto, Calgary and Quebec. All interested investors can meet with management here and may contact the company for further information:

• Battery Show, Detroit, Sept. 12 to Sept. 15, 2022;
• InvestorTalk event in person at National Club, Toronto, Sept. 15;
• Canada-Korea EV event in Toronto, Sept. 16;
• Belinda Labatte, CEO, panel speaker: Canada as a future battery superpower at the Energy Disruptors: Unite Event Series, Calgary, Sept. 19 and 20;
• Belinda Labatte, CEO, in conversation on the Northern Miner Podcast, September, 2022;
• Belinda Labatte, CEO, keynote speaker at Alternatives for Women AGM and 35th anniversary, Picton, Ont., Sept. 26;
• Belinda Labatte, CEO, featured speaker at Veristell Institute, Daring to Leap virtual event, Sept. 29;
• The Northern Miner Global Mining Symposium (virtual) for Q3, Sept. 28 to 29;
• Lee Arden Lewis, independent director, and Anne Chabot, strategic adviser, presenting at Voices at the Table: Climate Change, Critical Minerals & First Nations & Indigenous Women in 2022, event during the Quebec Mineral Exploration Association's XPLOR Oct. 3 at 5 p.m., hosted by Fasken;
• XPLOR, Westin Hotel Montreal, Oct. 3 to Oct. 6 (booth and core shack exhibit);
• OTC Capital Markets, Metals and Mining conference, Oct. 18 to Oct. 20;
• Energy and Mines, Toronto, Nov. 1 to Nov. 2;
• InvestorIntel, Critical Minerals Summit, Toronto, Nov. 9;
• Quebec Mines, Quebec City, Nov. 21 to 24.

The company's updated investor presentation and website can be found on the Lomiko website.

About Lomiko Metals Inc.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with purpose: a people-first company where it can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Lomiko's goal is to create a new energy future in Canada where it will grow the critical minerals work force, become a valued partner and neighbour with the communities in which it operates, and provide a secure and responsibly sourced supply of critical minerals.

The company holds a 100-per-cent interest in its La Loutre graphite development in Southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of one large, continuous block with 48 minerals claims totalling 2,867 hectares (28.7 square km). Lomiko Metals published a preliminary economic assessment (PEA) on Sept. 10, 2021, which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95 per cent Cg or a total of 1.5 million tonnes of the graphite concentrate. This report was prepared as National Instrument 43-101 technical report for Lomiko Metals by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the report authors. The Bourier project site is located near Nemaska Lithium and Critical Elements, southeast 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 square km), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

Mike Petrina, project manager, a qualified person (QP) under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release. Also, Oliver Peters of MetPro, who is leading metallurgical testing programs of the La Loutre graphite project on Lomikos's behalf, is acting as a QP.

We seek Safe Harbor.