Ms. Gordana Slepcev reports

LOMIKO METALS CONTINUES TO EXPAND ON NEWLY DISCOVERED REE ANOMALIES AT THE YELLOW FOX CRITICAL METALS/REE PROPERTY LOCATED IN CENTRAL NEWFOUNDLAND

Lomiko Metals Inc. has released results from additional REE (rare-earth element) analysis on 32 samples from the phase II soil sampling program at the Yellow Fox property. Recent success from the 2025 phase II soil sampling program resulted in the identification of new REE anomalies (cerium (Ce) and lanthanum (La)). These positive results led to rerunning seven samples with a rare-earth ICP package, yielding highly anomalous light rare-earth element (LREE) and heavy rare-earth element (HREE) assays hosted within the Mount Peyton intrusion. This new REE discovery prompted the submission of 32 additional samples for REE analysis, which will serve as the basis for this release.

Highlights:

• Highly elevated dysprosium (Dy) and terbium (Tb) results. Both Dy and Tb are used in high performance magnets and are essential for high-heat magnet applications.
• Highly anomalous HREE plus Y samples demonstrate a potential HREE-enriched system.
• Pervasive yttrium values in close spatial association with dysprosium
• Strong HREE+Y/LREE ratios indicate the higher value of REE projects as the HREEs are more sought after and entitle higher-selling prices.
• Multiple samples exceeding HREE+Y/LREE ratios of 0.5, which is very rare.

Gordana Slepcev, chief executive officer, president and director, stated: "We are very happy to build on the encouraging results from the soil sampling program, with an additional 32 samples processed with the REE package, identifying further REE anomalies and outlining the yttrium potential on the land package. The results from these additional 32 assays confirm continuity of the previously identified zones and exhibit highly elevated LREE accompanied by HREE, including yttrium (Y), over a minimum length of 1,200 m, indicating a mixed LREE and HREE mineralized system with highly anomalous values in dysprosium and terbium, with select samples up to 10 to 20 times background values. We're very encouraged to see those elevated values as Dy and Tb are considered the two most sought-after HREEs due to their scarcity and high value."

These results are from additional REE analysis from the phase II soil sampling and prospecting program (see news release dated Sept. 23, 2025) on the Yellow Fox antimony property and follow-up to the initial seven samples assayed for REEs (see news release dated Jan. 14, 2026). Lomiko acquired the Yellow Fox project from Metals Creek in 2025 (see MEK news release dated Jan. 21, 2025).

Results from these 32 assays (see Table 2) continue to exhibit strong LREE enrichment (La-Ce-Pr-Nd-Eu) accompanied by highly elevated HREE (Dy-Tb-Ho-Er-Tm-Yb-Lu), including yttrium (Y), over a minimum length of 1,200 m, indicating a mixed LREE and HREE mineralized system hosted by what is interpreted to be a highly fractionated peralkaline granite. These peralkaline granites are considered to be one of the primary hosts for HREE enriched systems. Assays revealed an enriched REE system with highly anomalous HREEs, including dysprosium (Dy) and terbium (Tb), with select samples up to 10 to 20 times background.

This latest batch of assays at Yellow Fox continues to return highly encouraging results, characterized by an unusually high ratio of heavy rare-earth elements (HREE) and yttrium (Y) relative to light rare-earth elements (LREE). Ratios as high as 1.25 has been achieved with a large majority of these reassay results achieving ratio's greater than 0.20. These results illustrate this REE system is HREE enriched. Yttrium (Y) values are highly enriched making up 61 to 69 percent of the HREE+Y totals. The enrichment of yttrium is highly encouraging in that it is almost always associated with dysprosium (Dy), serving as a strong pathfinder. Dy's primary value lies in its ability to allow neodymium magnets to maintain their strength at high temperatures, making it indispensable for electric vehicle (EV) motors and wind turbines. This enrichment of Y plus Tb plus Dy is a critical indicator for the identification of high-priority HREE targets within the Yellow Fox project, highlighting the potential host the high-demand rare-earth minerals required for high performance magnets.

The exploration potential at Yellow Fox is underpinned by what appears to be a highly specialized geological environment, characterized by a highly fractionated peralkaline granite host and a highly evolved magmatic system. These specific granitic systems are recognized as primary sources for heavy rare-earth elements (HREE) because their unique chemistry allows incompatible elements like dysprosium, terbium and yttrium to remain in the melt until the final, most enriched stages of crystallization.

The presence of such a highly evolved system is further confirmed by the identification of elevated gallium (Ga) and rubidium (Rb). These elements serve as critical geochemical indicators, often correlating with the presence of HREE-hosting accessory minerals such as zircon and xenotime. Assays up to 41.9 ppm (parts per million) gallium and 194.6 ppm rubidium exhibit geochemical pathfinders for this potential rare-earth system. In peralkaline systems, such elevated gallium is a primary indicator of extreme magmatic differentiation, where rare metals are concentrated in the final stages of crystallization. Rubidium (Rb) values reached a peak of 194.6 ppm, with a broad distribution of samples exceeding 150 ppm. High rubidium is another strong indication for a highly evolved granitic system.

The simultaneous enrichment of Ga, Rb and yttrium (Y) alongside highly elevated HREE+Y/LREE ratio's up to 1.25 creates a highly prospective geochemical signature. High Zr levels are also present, averaging 546 ppm with values up to 1,169 ppm, in conjunction with elevated niobium (Nb), further validating the presence of a potentially highly fractionated magma.

The geochemistry of the Yellow Fox project continues to point toward a highly evolved peralkaline granite that has similar characteristics to alkaline granites of the Strange Lake complex. With HREE+Y/LREE ratios up to 1.25 and heavy yttrium content (61 to 69 per cent of HREE), this aligns well with Strange Lake, which is considered to be rich in HREE oxides. The highly anomalous Zr and Rb paired with moderate Nb and Ga pathfinders are strong geochemical signatures of a peralkaline A-type granite like the Strange Lake Alkalic complex located in Labrador.

Rare-earth metals are essential to modern technology, enabling high performance electronics, clean energy and defence systems to operate at high temperatures. A renewed focus on exploration is under way for REEs with particular emphasis on HREEs like dysprosium and terbium, which are vital for the permanent magnets used in electric vehicle (EV) motors and wind turbines. Beyond green tech, these metals are highly important for miniaturizing components in smart phones and medical devices, as well as powering precision-guided missiles and radar systems.

The rare-earth market is currently characterized by a significant supply-demand imbalance and extreme geographic concentration. China dominates the sector, accounting for approximately 70 per cent of global mine production and 90 per cent of refined supply. This has created a tight market where even minor export restrictions can cause immediate global shortages and price volatility. Future demand is projected to surge significantly in the coming decades, making exploration for HREEs all the more critical.

Strategic growth in the green technology and defence sectors will drive increased demand for REEs. Primary drivers for the increased use of REEs include wind turbines, electric vehicles, defence and aerospace as well as advanced electronics.

Last summer saw the identification of several expansive, untested critical metal soil anomalies (Sb-Pb-Zn-Ag-Au) up to 1,200 m in length, as well as the discovery of highly anomalous LREE and HREE anomalies. These REE results in conjunction with the results discussed in this release further indicate a second type of highly prospective untested targets with highly anomalous LREE and HREE assays. These results will form the basis of this coming summers exploration plans for Yellow Fox.

Yellow Fox antimony and REE prospect exploration -- future steps

• Next work phase will include additional RE-assaying of previously collected soil samples for LREE and HREE as well some infill sampling to better define true extent of these REE anomalies.
• Ground geophysics followed by surface trenching.
• Line cutting, drilling, ground geophysics and surface trenching permits have been received.
• Surface stripping will be followed by channel sampling and geological mapping.

Location details

The Yellow Fox property is located approximately 10 kilometres southwest of the town of Glenwood NL, and south of the Trans-Canada Highway. The property occurs within NTS map sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is located in the central part of licence 027536M, five kilometres from the western end of Gander Lake. The property is centered at approximately UTM (NAD 27) grid co-ordinates 5,419,400 m north and 645,300 m east.

Geologically, Yellow Fox's surface antimony showing and critical metal soil anomalies (Sb-Pb-Zn-Ag-Au) exhibits similar traits to those of Beaver Brook with cross-cutting structural zones that show intense carbonate alteration with sulphide-bearing stringers to veins of stibnite and arsenopyrite with similar high-grade tenors of antimony, gold, lead, zinc and silver. Arsenopyrite is also present in both locations. Two prominent fracture vein sets are present, one being the muscovite-pyrite-rutile veins trending 356 degrees and the second stibnite-quartz-arsenopyrite being the most abundant and trending 025 degrees. Both these vein sets are similar to that of the past-producing Beaver Brook antimony mine, and both vein sets trend in north to northeast direction, which is the same as the prospective regional structures. Yellow Fox has never been explored for REEs. Importantly, the project is underlain by the mount peyton intrusion which potentially appears to be a fertile environment for the emplacement of REEs. Soil sample results indicate that the mount peyton intrusion may form part of a highly evolved peralkaline granite highly prospective for LREEs and HREEs.

Yellow Fox is an early stage exploration property prospective in antimony, zinc, lead, gold, silver and, more recently, REEs. Historic work has returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), gold (Au) and silver (Ag), which included trenching which exposed bedrock. Results included grab samples up to 59.43 g/t Au, 11.10 per cent Sb, 7.00 per cent Zn, 72.90 g/t Ag and 5.50 per cent Pb in arsenopyrite-stibnite veins within altered monzogranite.

The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades on the property.

Please note that the results on an adjacent or nearby property (Beaver Brook) are not necessarily what can be expected on the Yellow Fox project and that the results of surface or grab samples, by their nature, this type of sample is selective and that the assay results may not be indicative of underlying mineralization.

Qualified person

The technical content presented in this press release was reviewed and approved by Gordana Slepcev, PEng, who is the chief executive officer and president of Lomiko Metals and acts as the qualified person as that term is defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Also, Wayne Reid, PGeo, and director for the corporation and a qualified person as defined in National Instrument 43-101, has reviewed and approved the disclosure of the exploration information in this news release.

All 851 initial soil samples from this past summer's programs were dried and then sent to Eastern Analytical Ltd., located in Springdale, Nfld., Canada. Samples are analyzed by ICP34 method that delivers a 34-element package and analyzed by ICP-OES analytical technique with blanks and standards inserted every 20 to 25 samples. The 32 samples in this press release were sent to Bureau Veritas, located in Vancouver, B.C., Canada. Samples are analyzed by ICP-OES utilizing multiacid digestion analytical technique. Standards and blanks were inserted to this batch of samples.

Please note that the results on an adjacent or nearby property (Beaver Brook) are not necessarily what can be expected on the Yellow Fox project, and that the results of surface or grab samples, by their nature, are selective and that the assay results may not be indicative of underlying mineralization.

About Lomiko Metals Inc.

The company holds mineral interests in its La Loutre graphite development in Southern Quebec. The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation's 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 mineral claims totalling 4,528 hectares (45.3 square kilometres).

Lomiko Metals published an updated mineral resource estimate (MRE) in a NI 43-101 technical report and mineral resource estimate update for the La Loutre project, Quebec, Canada, prepared by InnovExplo on May 11, 2023, which estimated 64.7 million tonnes of indicated mineral resources averaging 4.59 per cent Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184 per cent. Indicated mineral resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional mineral resources reported down dip and within marble units resulted in the addition of 17.5 million tonnes of inferred mineral resources averaging 3.51 per cent Cg per tonne for 650,000 tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the inferred mineral resources to the indicated mineral resource category, relative to the 2021 mineral resource estimate. The MRE assumes a $1,098.07-(U.S.)-per-tonne graphite price and a cut-off grade of 1.50 per cent Cg (graphitic carbon). The independent and qualified persons for the mineral resource estimate, as defined by NI 43 101, are Marina Iund, PGeo (InnovExplo Inc.), Martin Perron, PEng (InnovExplo)., Simon Boudreau, PEng (InnovExplo), and Pierre Roy, PEng (Soutex Inc.). The effective date of the estimate is May 11, 2023.

The company also holds interest in seven early-stage projects in Southern Quebec, including Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in total on seven early stage projects covering 18,622 hectares in the Laurentian region of Quebec and within KZA territory.

The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622 hectares in Southern Quebec. The grades presented below for the Laurentides graphite portfolio were press released on Jan. 7, 2025.

• Ruisseau -- grades up to 27.9 per cent carbon graphite from four distinct high-grade mineralized zones that are over three km long;
• Meloche -- grades up to 13.3 per cent Cg from two distinct mineralized clusters;
• Tremblant -- grades up to 11.6 per cent Cg from numerous, widespread spot anomalies;
• Dieppe -- grades up to 6.82 per cent Cg from numerous, widespread spot anomalies and a distinct mineralized cluster;
• Boyd -- eight samples grades range from 5.61 per cent Cg to 17.10 per cent Cg with all samples above 5.00 per cent Cg.

The technical content regarding the exploration results presented was reviewed by Mark Fekete, PGeo, who acts as an independent consultant to the company and is the qualified person.

The Yellow Fox property is located approximately 10 kilometres southwest of the town of Glenwood NL, and south of the Trans-Canada Highway. The main Yellow Fox showing is located in the central part of licence 027536M, five km from the western end of Gander Lake.

This property is on the same trend as the past-producing antimony mine Beaver Brook, which is located 25k m southwest of the property. Yellow Fox is an early stage exploration property prospective in antimony, gold and silver where historic works returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn) and silver (Ag). The trenching exposed the rocks, resulting in grab samples to 59.43 g/t Au, 11.10 per cent Sb, 7.00 per cent Zn, 72.90 g/t Ag and 5.50 per cent Pb in arsenopyrite-stibnite veins within altered monzogranite.

We seek Safe Harbor.