Ms. Belinda Labatte reports

ANNUAL AND SPECIAL MEETING RESULTS

On Dec. 6, 2022, shareholders approved all the resolutions put forth at the annual and special meeting of shareholders.

The number of Directors was set at six and each of the following individuals was re-elected as directors of the Company: A. Paul Gill, Belinda Labatte, Eric Levy, Sagiv Shiv, Dominique Dionne and Lee Arden Lewis. Anu Dhir, who has been a director of the Corporation since 2021, did not stand for re-election. The Company thanks Ms. Anu Dhir for her guidance and service at Lomiko in the important first year for this new team. In addition, subsequent to the meeting, the Board of Directors appointed Sagiv Shiv as Lead Independent Director, Dominique Dionne as Chair of the ESG Committee (Environment, Social and Governance Committee) and Lee Arden Lewis as member of the Audit Committee.

The appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditors of the Company, and the authorization for the directors to fix the remuneration to be paid to the auditors, was approved. The 2022 Omnibus Incentive Plan was re-approved.

Interested shareholders can view the Company's Investor presentation at the following link: https://lomiko.com

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 we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.

The Company holds exclusive mineral interests 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 1 large, continuous block with 76 minerals claims totaling 4,528 hectares (45.3 km2). Lomiko Metals published a Preliminary Economic Assessment ("PEA") on September 10, 2021 which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. 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 south-east 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 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

Mr. 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.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact Belinda Labatte at 647-402-8379 or email: info@lomiko.com.

We seek Safe Harbor.