Ms. Belinda Labatte reports

LOMIKO LAND ACKNOWLEDGEMENT

Lomiko Metals Inc. has reaffirmed its vision to embrace indigenous people and indigenous values within its projects, and to develop a sustainable approach on its path to critical mineral development, while honouring the lives, memories and hopes of all seven generations.

The projects where Lomiko has natural flake graphite claims, namely La Loutre and surrounding claims, are located within the traditional land of the Kitigan Zibi Anishinabeg (KZ) First Nation's territory. The KZ First Nation is part of the Algonquin Nation, and the traditional KZ territory is situated within the Outaouais and Laurentides regions. The Bourier lithium project site is located near Nemaska lithium and critical elements, southeast of the Eeyou Istchee James Bay territory and within the traditional land of the Cree Eeyou Istchee peoples.

Belinda Labatte, chief executive officer and director, said: "Just over 12 months ago, we embarked on our journey to listen and learn from first nations and work toward our vision of climate success stories that are inclusive and respect community values. Our first step was the development of a land acknowledgment, and today, we take the opportunity to recognize that we are operating on KZ traditional land, where we retain mineral rights. This distinction, from land ownership, is now reflected in all our materials.

"We thank independent director Lee Arden Lewis, status member of the Mohawks of the Bay of Quinte Tyendinaga Mohawk Territory, and adviser Anne Chabot, strategic adviser to management on our work with KZ First Nation, for their guidance and support.

"Lomiko further recognizes reconciliation and supports the Canadian critical minerals strategy. Lomiko commits to call to action No. 92 of the Truth and Reconciliation Commission of Canada, which calls upon the corporate sector to:

• "Commit to meaningful consultation and seek the free and informed consent of indigenous peoples prior to any economic development projects;
• "Ensure equitable access to jobs, education and training and ensure that indigenous communities gain long-term sustainable benefits from economic development projects;
• Educate management and staff on the legacy and history of indigenous people and on UNDRIP, treaties and aboriginal rights, indigenous law, human rights, and anti-racism.

"In this past year: we have engaged with first nations leaders and colleagues to better understand how we can do better as we build Lomiko; we held a reception in Montreal, Que., "Voices at the Table," to talk about critical minerals development from a first nations perspective; we commissioned artwork from a Mohawk artist to visually show our commitments; and we continue to talk to students and other Canadians about the importance of indigenous and first nations led processes for the future of our industry."

The full artist statement can be seen on the company's website.

Lomiko has a vision and purpose: It is a people-first company, and believes it can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Lomiko is Ecologo certified and seeks to be a responsible operator of choice in Quebec.

About Lomiko Metals Inc.

Lomiko has a new vision and a new strategy in new energy. Lomiko represents a company with a 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. Its goal is to create a new energy future in Canada where it will expand the critical mineral 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. Lomiko is Ecologo certified.

The company holds mineral interests in its La Loutre graphite development in Southern Quebec. Its La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nation territory. The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of one large, continuous block with 76 minerals claims totalling 4,528 hectares (45.3 square kilometres). Lomiko 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 graphitic carbon or a total of 1.5 million tonnes of the graphite concentrate. This report was prepared as a National Instrument 43-101 technical report for Lomiko by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services and Metpro Management Inc. The Bourier project site is located near Nemaska lithium and critical elements and southeast of the Eeyou Istchee James Bay territory in Quebec and within the traditional land of the Cree Eeyou Istchee peoples. It consists of 203 claims for a total ground position of 10,252.20 hectares (102.52 square kilometres) 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 under National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the technical disclosure in this news release.

We seek Safe Harbor.