Ms. Gordana Slepcev reports

LOMIKO METALS SECURITYHOLDERS APPROVE ARRANGEMENT WITH GLOBAL BATTERY MATERIALS

Lomiko Metals Inc. has released the results of the special meeting of holders of common shares and holders of common share purchase warrants, held earlier today. At the meeting, the securityholders voted in favour of the special resolution approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia).

The purpose of the arrangement is to effect, among other things, and subject to the satisfaction or waiver of all applicable conditions precedent, in an all-cash transaction, the acquisition by Global Battery Materials Corp. of the outstanding shares of Lomiko for 13 cents per share, all in accordance with the terms of the arrangement agreement dated July 27, 2026, between Lomiko and GBM.

The arrangement resolution was approved by: (i) 88.13 per cent of the votes cast by the shareholders present in person or represented by proxy at the meeting; (ii) 87.81 per cent of the votes cast by the securityholders present in person or represented by proxy at the meeting, voting together as a single class; and (iii) 86.34 per cent of the votes cast by the shareholders present in person or represented by proxy at the meeting, excluding votes attached to the shares held by persons described in items (a) through (d) of Section 8.1(2) of Multilateral Instrument 61-101 (Protection of Minority Securityholders in Special Transactions).

Belinda Labatte, executive chair of the board of directors of Lomiko, stated: "I would like to take this opportunity to thank our board of directors and members of the special committee for their advice and guidance throughout this process and our journey together at Lomiko; the special committee financial adviser, EY Parthenon; the services of Evans & Evans Inc. for their fairness opinion; and Olympia Trust Company, Carson Proxy and the Fasken Martineau DuMoulin LLP team for their ongoing advisory work at Lomiko and transaction advice throughout this intense and complex process. Finally, I thank our partners, team members and investors for their support of this transaction."

The arrangement remains subject to final approval by the Supreme Court of British Columbia. The company intends to seek a final order of the court approving the arrangement, which is expected to be heard during the week of Sept. 28, 2026, at the courthouse located at 800 Smithe St., Vancouver, B.C., or in such other place as the court may determine. Assuming all other closing conditions under the arrangement agreement are satisfied, it is expected that the arrangement will be completed shortly thereafter.

Further information about the arrangement can be found in the company's management information circular dated Aug. 26, 2026, for the meeting, which is available under the company's profile on SEDAR+ and on the company's website.

About Lomiko Metals Inc.

The company holds mineral interests in its advanced La Loutre graphite project in Southern Quebec. Its La Loutre graphite project site is within the Kitigan Zibi Anishinabeg First Nation's territory, which is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of one large, continuous block with 76 mineral exclusive exploration rights totalling 4,528 hectares (45.3 square kilometres). The company also holds an interest in seven early-stage projects in Southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 exclusive exploration rights over 18,622 hectares in the Laurentian region of Quebec and within the KZA territory. The company has optioned an early-stage property prospect in the precious metals, antimony and rare earth elements. The Yellow Fox property is located approximately 10 kilometres southwest of the town of Glenwood, Nfld., and south of the Trans-Canada Highway.

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