Lomiko Gives Replace on Technique and Regional Flake Graphite Exploration Program

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MONTREAL — Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Firm”) is happy to announce an replace on its technique to additional advance its regional exploration alternatives within the Grenville graphite belt with the target of creating a sustainable and long-term pure flake graphite useful resource base that may feed into the graphite market at giant, and the regional marketplace for electrical autos battery manufacturing.

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Lomiko believes that early-stage growth of this technique, mixed with a present emphasis on metallurgical testing of its flake graphite at La Loutre and a dedicated imaginative and prescient to work with the Kitigan Zibi Anishinabeg (“KZA”) First Nation and native communities is necessary to turning into a pacesetter and operator of alternative within the area. On the similar time, the Firm is alternatives within the carbon offset market and carbon impartial mine planning. Carbon offset initiatives embody forestry, conservation, renewable power and neighborhood initiatives the place each tonne of emissions decreased by an environmental challenge creates one carbon offset or carbon credit score.

Belinda Labatte, CEO and director of Lomiko acknowledged: “Our staff is eager to tackle new alternatives within the area, round our La Loutre property, as we develop the potential for pure flake graphite through natural development and acquisition. We plan to steer the accountable growth of regional graphite property with neighborhood and First Nations engagement, water administration and stewardship initiatives, and carbon offset initiatives that additional advance our carbon-neutral mannequin of graphite growth.”

The Firm has staked roughly 14,255 hectares of mineral claims, 236 claims in complete, on six initiatives within the Laurentian area of Quebec and inside First Nations territory. These new claims lie inside a 100 km radius of the Firm’s flagship La Loutre graphite challenge and 28 claims are immediately contiguous to La Loutre, with the Firm declare package deal now overlaying 4,528 hectares. The best graphite grades are generally related to rock contacts between marble and paragneiss or quartzite which is the host rock current within the Grenville Province and at La Loutre. Massive, disseminated pure flake graphite mineralization happens at quite a few locations within the Grenville Province metamorphic belt, positioned in Canada’s Quebec and southeastern Ontario jurisdictions, and the conglomeration of this mineralization in shut proximity within the area presents alternatives sooner or later for accountable and low affect mining or quarry actions which might be distinctive to this area.

This regional exploration program will cowl quite a few under-explored graphite showings primarily occurring inside paragneiss items of the Grenville geological belt. The claims staked are largely accessible and located near street entry and qualify as early-stage greenfield exploration. Lomiko intends to provoke exploration of those potential graphite targets with excessive definition airborne magnetic, and time-domain electromagnetic surveys. This work shall be adopted by geological, prospecting, and sampling surveys primarily based on floor targets generated by the airborne surveys. Lomiko will interact with communities and the KZA as this work evolves. Please confer with Determine 1 for particulars.

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Company growth replace

The Firm continues to evaluate different prospects for eventual acquisition. Lomiko’s technique is to create scale and a regional method for the exploration and growth of pure flake graphite as an operator of alternative and this can embody carbon impartial mine planning and potential for carbon offset initiatives. This technique would serve to supply a long-term, sustainable and accountable answer to supply flake graphite, and in the end anode-grade graphite, into the electrical automobile provide chain.

Investor conferences

All buyers are inspired to satisfy with administration in individual on the Vancouver Useful resource Funding Convention (VRIC) happening in Vancouver on Could 17^th and 18^th, and at PDAC in Toronto from June 13^th to fifteen^th. Additionally, administration shall be presenting at The Northern Miner’s digital International Mining Symposium on Could 25^th. Extra data is offered on the Firm’s web site at www.lomiko.com.

About Lomiko Metals Inc.

Lomiko Metals has a brand new imaginative and prescient and a brand new technique in new power. Lomiko represents an organization with a goal: a people-first firm the place we are able to manifest a world of considerable renewable power with Canadian and Quebec vital minerals for an answer in North America. Our purpose is to create a brand new power future in Canada the place we are going to develop the vital minerals workforce, turn into a valued associate and neighbour with the communities during which we function, and supply a safe and responsibly sourced provide of vital minerals.

The Firm holds a 100% curiosity in its La Loutre graphite growth in southern Quebec. The La Loutre challenge web site is positioned throughout the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are a part of the Algonquin Nation and the KZA territory is located throughout the Outaouais and Laurentides areas.​ Positioned 180 kilometres northwest of Montreal, the property consists of 1 giant, steady block with 76 minerals claims totaling 4,528 hectares (45.3 km²). Lomiko Metals printed a Preliminary Financial Evaluation (“PEA”) on September 10, 2021 which indicated the challenge had a 15-year mine life producing per 12 months 100,000 tonnes of the graphite focus at 95percentCg or a complete of 1.5Mt of the graphite focus. This report was ready as Nationwide Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Companies, and Metpro Administration Inc., collectively the Report Authors. The Bourier challenge web site is positioned close to Nemaska Lithium and Essential Components south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a complete floor place of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle close to the James Bay area of Quebec that has traditionally housed lithium deposits and mineralization traits.

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Mr. Mike Petrina, Mission Supervisor, a Certified Individual (“QP”) underneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks, has reviewed and authorised the technical disclosure on this information launch.

For extra data on Lomiko Metals, evaluate the web site at www.lomiko.com, contact Belinda Labatte at 647-402-8379 or electronic mail: data@lomiko.com.

Cautionary Notice Relating to Ahead-Wanting Data

This information launch incorporates “forward-looking data” throughout the which means of the relevant Canadian securities laws that’s primarily based on expectations, estimates, projections and interpretations as on the date of this information launch. The data on this information launch in regards to the Firm; and every other data herein that isn’t a historic truth could also be “forward-looking data” (“FLI”). All statements, apart from statements of historic truth, are FLI and may be recognized by means of statements that embody phrases reminiscent of “anticipates”, “plans”, “continues”, “estimates”, “expects”, “could”, “will”, “initiatives”, “predicts”, “proposes”, “potential”, “goal”, “implement”, “scheduled”, “intends”, “might”, “may”, “ought to”, “imagine” and related phrases or expressions. FLI on this new launch contains, however isn’t restricted to: the Firm’s goal to turn into a accountable provider of vital minerals, exploration of the Firm’s initiatives, together with anticipated prices of exploration and timing to attain sure milestones, together with passable completion of due diligence and talent to achieve an settlement with third celebration house owners in reference to projected acquisitions, timing for completion of exploration packages; the Firm’s potential to efficiently fund, or stay totally funded for the implementation of its enterprise technique and for exploration of any of its initiatives (together with from the capital markets); any anticipated impacts of COVID-19 on the Firm’s enterprise targets or initiatives, the Firm’s monetary place or operations, and the anticipated timing of bulletins on this regard. FLI entails identified and unknown dangers, assumptions and different elements that will trigger precise outcomes or efficiency to vary materially. This FLI displays the Firm’s present views about future occasions, and whereas thought of cheap by the Firm at the moment, are inherently topic to vital uncertainties and contingencies. Accordingly, there may be no certainty that they are going to precisely replicate precise outcomes. Assumptions upon which such FLI relies embody, with out limitation: potential of future acquisitions presently evaluated by the Firm; present marketplace for vital minerals; present technological traits; the enterprise relationship between the Firm, native communities and its enterprise companions; potential to implement its enterprise technique and to fund, discover, advance and develop every of its initiatives, together with outcomes therefrom and timing thereof; the flexibility to function in a secure and efficient method; uncertainties associated to receiving and sustaining exploration, environmental and different permits or approvals in Quebec; any unexpected impacts of COVID-19; affect of accelerating competitors within the mineral exploration enterprise, together with the Firm’s aggressive place within the trade; basic financial circumstances, together with in relation to foreign money controls and rate of interest fluctuations.

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The FLI contained on this information launch are expressly certified of their entirety by this cautionary assertion, the “Ahead-Wanting Statements” part contained within the Firm’s most up-to-date administration’s dialogue and evaluation (MD&A), which is offered on SEDAR at www.sedar.com, and on the investor presentation on its web site. All FLI on this information launch are made as of the date of this information launch. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data. The Firm doesn’t undertake to replace or revise any such forward-looking statements or forward-looking data contained herein to replicate new occasions or circumstances, besides as could also be required by relevant securities legal guidelines.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch. No inventory change, securities fee or different regulatory authority has authorised or disapproved the knowledge contained herein.

On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.

View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20220516006014/en/

Contacts

For extra data, please contact:

Kimberly Darlington
Investor Relations, Lomiko Metals Inc.
okay.darlington@lomiko.com
514-771-3398

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