Lomiko Announces Positive Results On Its Initial Metallurgical Test Programs At Its La Loutre Graphite Project |

Results Indicate Purity of >99.9% C(t) of its Concentrate and Positive Response of Samples to Expanded Graphite for All Flake Sizes Tested

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce an update on the initial metallurgical programs conducted for the La Loutre graphite project. Lomiko has engaged three independent laboratories, Corem, ProGraphite and SGS Lakefield to support the value-added metallurgical testing of samples of the La Loutre graphite concentrate.

As part of the 2022 strategic objectives as previously announced on March 3, 2022, Lomiko is undertaking several metallurgical studies to further define the chemical and physical properties of La Loutre graphite concentrate. These studies have several goals, including (a) determining the upgrading potential of the graphite flotation concentrate for value-added processing, (b) confirming the plant flowsheet to aid in the plant design for the Pre-Feasibility Study the Company will be looking to complete in 2023, and (c) evaluating the production of spherical graphite for anode battery applications. This characterization work facilitates the development of Technical Data Sheets (TDS) to initiate customer partnership discussions.

The 2021 metallurgical program produced 1.8 kg of graphite flotation concentrate (please see news release dated April 7, 2021 and referred to within the Company's Preliminary Economic Analysis ("PEA") which is available on the Company's website or on SEDAR). This concentrate was split into two samples and sent to each of Corem in Quebec and ProGraphite in Germany for characterization and purification testing.

Based on the characterization and purification tests performed by the two labs, the graphite from the La Loutre deposit would be suitable for a wide range of traditional markets such as refractories, fire retardants, crucible, and friction products, or expanded graphite markets. Further, the purification results suggest that the La Loutre graphite may be suitable for high-value anode battery applications which require ultra high purity graphite concentrate of 99.95%. It is important to note that these results are preliminary, and that further testing will be required to confirm with greater certainty product suitability and potential. The evaluation of the full processing sequence from flake graphite to battery trials is scheduled for the second half of 2022.

Belinda Labatte, CEO and Director, stated: "Our team is pleased to have received excellent results from two independent specialized laboratories, on the first of many trials to examine the purity of the La Loutre graphite concentrates for industrial use, including for anode battery-grade quality. The tests on the expanded graphite have shown that all the flake sizes tested are showing excellent results for our concentrates in a wide range of industrial applications, an important step to developing the graphite market in North America. The findings from this initial program will better define the parameters for the metallurgical optimization program that will commence in the spring of 2022 to support the project development. We are looking forward to working with Quebec institutions, local communities, and First Nations to further develop our La Loutre graphite project as we move forward with future studies of this project. As mentioned in our press release dated April 22, 2022, we are looking forward to beginning our La Loutre infill and step-out drilling program which will start as soon as the ground conditions allow in mid-May. We are working toward becoming an integral and vital part of the supply chain, including the creation of new-economy job prospects in the development of our project to be used in battery production for Quebec, Canadian, and North American solutions."

Corem upgrading process reveals high purity concentrate and low level of impurities

Corem subjected the 2021 flotation concentrate to initial chemical purification trials to assess the amenability of the La Loutre graphite concentrate to chemical upgrading. Using a chemical purification method, the graphite concentrate was successfully upgraded from 98.4% C(t) to >99.9% C(t). The upgrading process employed a caustic bake using sodium hydroxide (NaOH) followed by an acid leach with hydrochloric acid (HCl), which is considered one of the standard chemical treatment processes for graphite concentrates in place today and employs a milder reagent regime compared to the hydrofluoric acid (HF) treatment used in many Chinese operations currently.

The final product was subjected to a size fraction - commonly referred to as flake size - analysis and each product was submitted for an ICP (Inductively coupled plasma) scan. The results of an ICP scan reveal the total carbon analysis, ash content, and sulfur grade of the flotation concentrate feedstock, the intermediate product after caustic bake, and the final product after the leaching step. The concentration of most elements met the requirements for battery anode grade material and only iron and silica displayed slightly elevated levels. It should be noted that the purification trials were preliminary in nature and that the initial concentration target of 99.5% was exceeded for each size fraction.

ProGraphite concentrate reveals favourable results and excellent crystallographic properties

The second sample sent to ProGraphite was classified into various fractions (+50, +80, +100, +150, +200, -200, -100 mesh). Graphite from these fractions was used to perform several chemical and physical characterization tests and purification trials. The results were generally favourable and physical and chemical properties are outlined below, and detailed results are provided on the Lomiko website at www.lomiko.com :

These characteristics support the wide use of the La Loutre graphite in both expanded markets and the potential for further purification into battery anode material.

ProGraphite evaluated alkaline and acid purification methods, the two most common methods in use today. The trials using sodium hydroxide (NaOH) treatment followed by sulphuric acid (H 2 SO 4 ) leach produced superior purities with ash contents of only 0.04% and 0.11% in the+80 mesh and -100 mesh size fractions, respectively. Concentrations of deleterious elements were below typical threshold values for battery anode material.

The preliminary purification tests performed by ProGraphite complement the results obtained by Corem and indicate that the La Loutre graphite can be upgraded to battery anode purity levels without aggressive leach using hydrofluoric acid (HF). Further work is planned to optimize purification conditions and complete the full battery anode value-add process, including battery trials.

Update on Metallurgical Process Optimization at SGS Lakefield

Approximately 1,000kg of core sample from the La Loutre graphite project was carefully selected to represent mine plan, domain and grade composites and shipped to SGS in Lakefield, Ontario to confirm and optimize the test results achieved in the 2021 metallurgical testing program. This will further define the process flowsheet to aid in the plant design, which will be developed during the Pre-Feasibility Study.

Next steps in La Loutre metallurgical studies

Corem and ProGraphite have identified opportunities for optimization, and these will be evaluated in the upcoming months. Results from the SGS lab testing are expected to be available in the Fall and the Company will continue to move forward with and update the market on further testing for battery grade material in 2022.

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 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. Oliver Peters of MetPro Management Inc. who is leading the metallurgical development programs of the La Loutre graphite project on Lomiko's behalf is acting as QP and has also 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 .

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the suitability of the Company's graphite flotation concentrate from its La Loutre project, timing for the completion of the Pre-Feasibility Study, the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the results of the characterization and purification tests performed by Corem and ProGraphite, current market for critical minerals; current technological trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com , and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220428006357/en/

For more information, please contact:

Kimberly Darlington Communications, Lomiko Metals k.darlington@lomiko.com 514-771-3398

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Canada has an astounding wealth of mineral resources, and when it comes to critical minerals, it is rich 31 out of 35 of them. Deemed essential to electrification, decarbonization and technological advancement, many of these minerals are fast approaching current global production limits while demand continues to increase. The need for reliable critical metals production goes far beyond Canada, too. The European Union recently identified 30 critical minerals, while the United States contains deposits for all 35 critical minerals. However, the US relies entirely on Canada for 14 of these minerals and is 50 percent import-reliant for 17.

From a global perspective, Canada also accounts for 70 percent of in-development graphite projects. It’s safe to say North America will require every one of those projects moving forward. Graphite — a vital component in batteries and countless other electronic devices, alongside lithium — is expected to experience a 37 percent under-supply by 2030 and a considerable upturn in demand this year. Moreover, the production of minerals such as graphite, lithium and cobalt may need to increase by 500 percent by 2050.

Multiple major corporations are in talks with Quebec for the development of battery factories and gigafactories, with their combined investments representing billions of dollars. Stakeholders include Tesla (NASDAQ:TSLA), Britishvolt, Lion Electric Company (TSX:LEV), Stellantis, LG, Samsung Electronics (KRX: 005930) and Toyota Motor Corporation (TYO: 7203).

The Canadian Federal Government has also announced plans to hit net-zero emissions and 100 percent electric vehicle (EV) market penetration by 2035. If Canada is to reach this goal, it must look to domestic solutions for mineral development and production.

Currently, Lomiko Metals is involved in the development of two major mining projects in the Province of Quebec. The first, La Loutre, is situated within the Kitigan Zibi Anishinabeg First Nations Territory, located 180 kilometers Northwest of Montreal. The 2,867-hectare site is comprised of 48 contiguous land claims. Based on a preliminary economic assessment, La Loutre has a potential graphite concentrate production of 1.43mt graded at 95.0 percent Cg.

Alongside Critical Elements Lithium (TSXV:CRE), Lomiko Metals is also exploring the Bourier lithium project. Located southeast of Quebec's Eeyou Istchee James Bay territory, Bourier covers 10,252 hectares. An AI analysis carried out by GoldSpot (TSXV:SPOT) in 2021 revealed the project has considerable lithium potential.

Lomiko Metals is proudly represented by a diverse majority-female, majority-independent board, including Indigenous and francophone directors, who between them have decades of experience in mining development and production, capital raising, and management. It believes that committed and open engagement with community, environment, investors and public stakeholders plays a crucial role in the successful advancement of its projects.

"It is our shared values of respect, integrity, personal performance and ingenuity that brought us together so we can grow a domestic, secure and stable supply chain of critical minerals in Quebec and in Canada," says CEO and Director Belinda Labatte. "We are creating a people-first, responsibly sourced, secure and stable supply of critical minerals assets where projects are developed alongside communities and with all the innovation and ingenuity required to ensure the projects have a net positive impact on the environment and the communities we serve."

Fully-owned by Lomiko Metals with a 1.5 percent NSR, the La Loutre project has a concession size of 2,867 hectares and is situated 180 kilometers northwest of Montreal, Quebec. The site is currently undergoing various tests to confirm details such as the grade of graphite at the location, the amount of mineral present, the expected “lifetime” of the mine and the best way to ensure environmental sustainability.

La Loutre contains extensive graphite deposits with 1.04 kt indicated and 1.88 kt inferred resources. The site's estimated lifespan is 14.7 years, during which time it is expected to produce 21,874 Kilotons (kt=1,000 metric tonnes) of mill feed yielding 1,436 kt of graphite concentrate grading 95.0 percent Cg.This averages out to a graphite concentrate production rate of 108 kt for the first eight years with an overall average annual production of 97.4 kt.

Highlights of the PEA (all figures are stated in Canadian dollars unless otherwise stated):

Located near Nemaska, Quebec; the Bourier Project is owned by Critical Elements Lithium with an earn-in option representing up to 70 percent of ownership. Still in early-stage exploration, it covers 10,252 hectares situated on the Nemiscau greenstone belt southeast of the Eeyou Istchee James Bay territory in Quebec.

Gordana Slepcev is a Professional Mining Engineer with more than 25 years of global mining experience in developing, building and leading safe mining operations. Slepcev’s extensive experience spans multiple commodities, including gold, base metals, coal and industrial minerals. She brings considerable experience in mineral exploration, permitting, corporate and regulatory/First Nations/ Indigenous relations and project financing to Lomiko. Before joining the Company, Slepcev held the position of COO for BMSI, a privately held company, where she was responsible for restarting the barite reprocessing facility, mitigating historical environmental impacts and overseeing EPCM contractors. She also formerly held the role of COO of Anaconda Mining, where she was responsible for the company’s operations and development of the Goldboro project. Slepcev graduated from the University of Belgrade with a M.Sc.

Vince Osbourne is a senior finance and valuation professional with over 19 years of experience in all areas of financial management and business partnering within the retail industry. In his former position, he held the role of Real Estate finance business partner for Sobeys, contributing to significant value creation through the Real Estate portfolio and strategic partnerships. Osbourne graduated from York University with a BA in Economics.

Mike Petrina is a Mining Engineer with over 30 years of expertise in operations, engineering and project development. He is skilled at advancing open pit and underground projects whilst working responsibly with local stakeholders, First Nations communities and investors to maximize project value and is experienced in managing large workforces or small technical teams. Petrina has held executive roles for years with Adanac Molybdenum, Hawthorne Gold, MAG Silver and Probe Minerals and his extensive experience with advanced-stage projects in the Pre-economic Assessment (PEA) stage will be extremely helpful as Lomiko proceeds with the La Loutre Project.

Anne Chabot possesses over 25 years of experience working with Indigenous and non-Indigenous governments, agencies and community groups, including a number of prominent political organizations like the Assembly of First Nations and the Chiefs of Ontario. Importantly, she works directly with a number of First Nations communities advocating for their rights on land and resource development. She has developed a reputation for being trustworthy and reliable and for her ability to bring solutions to diverse perspectives. She is guided by the vision of her father, John Clarence Chabot, to bring prosperity and self reliance to First Nations, based on principles of mutual respect, trust, kindness and truth.

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Quebec Virtual Investor Conference on March 30 th and 31 st . This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors.

Individual investors, institutional investors, advisors, and analysts are invited to attend.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations and schedule 1x1 meetings.

NEW CONFERENCE FEATURE: Ability to schedule 1x1 meetings with presenting companies' management.

"We are thrilled to host the two-day Quebec Critical Metals and Technology Investor conference, highlighting the breadth of the province's rich commodities and burgeoning technology," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. We graciously welcome the participation of Quebec's Delegate General, Martine Hebert and Associate Deputy Minister of Mines, Nathalie Camden to this signature event."

"On behalf of the Quebec Government, I am delighted to take part in "Investing in Quebec's Critical and Strategic Minerals and High-Tech Sectors Conference." This conference will showcase for U.S. and investors elsewhere some our best competitive advantages : all the minerals and raw materials required for battery manufacturing and a vast territory containing new mining opportunities with a reliable, sustainable and ethical partner," said Nathalie Camden, Associate Deputy Minister of Mines. "Our action plan on critical and strategic minerals has already yielded impressive results, not only because we have the resources, the will and the tools needed, but because we ensure that all agencies and government entities work together toward one main goal: helping companies and governments to secure their mineral supply chain. We are thankful to the New York Delegate General, Martine Hebert and her team for the opportunity and their partners OTC Markets, Murdock Capital Partners and TAA Advisory for this remarkable event."

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact: John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com

News Provided by GlobeNewswire via QuoteMedia

Lomiko Metals Inc. (Lomiko) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals" or "Lomiko" or the "Corporation" or "The Company") is pleased to announce a new leadership team and the appointment of an independent director to the board effective October 25, 2021. With the appointment of Belinda Labatte as Chief Executive Officer and Director, Vince Osbourne as Chief Financial Officer and Gordana Slepcev as Chief Operating Officer, Lomiko is poised to develop its current critical minerals projects in Quebec and pursue a new growth strategy for the acquisition and development of new critical minerals assets to add to the Company's portfolio. The Board of Directors has determined it is in the best interests of all its stakeholders to appoint a dedicated and committed new leadership team at this time which will establish the Company and it's base of operations in Quebec. Lomiko is setting the stage to become a leader and responsible supplier of critical minerals in the North American market. The new leadership will continue to develop the Company's high potential La Loutre graphite project into the Pre-Feasibility Stage ("PFS") stage with the view of taking it into full production, along with plans for the advancement of its lithium exploration project, Bourier located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211026005467/en/

Lomiko MetalsTSXV: LMR, OTC: LMRMF (Graphic: Business Wire)

Belinda Labatte replaces A. Paul Gill, who will remain Executive Chair of the Board; she also joins as Director of Board. Mr. Gill will continue to be involved in advancing the current portfolio of assets with additional new directors to be appointed at the annual general meeting of shareholders. He will also continue to oversee the final stages of completing the ECOLOGO third party certification process, which reinforces Lomiko's commitment to ethical practices as endorsed by the Quebec Mineral Exploration Association (QMEA). Vince Osbourne replaces Jacqueline Michael as Chief Financial Officer and Director, who will resign her position as CFO and Director and continue in the role of Controller for Lomiko, reporting to Vince Osbourne. Also resigning as director is Mike Petrina who will remain with Lomiko in an operational capacity, as Project Manager for the La Loutre project.

"I am proud to welcome our new management team and new directors to Lomiko," said Paul Gill, Executive Chair of the Board. "The opportunity to build a new company with a wider scope and long-term vision is now. Lomiko is in a perfect position to benefit shareholders and contribute to developing new businesses in Quebec that will create jobs and prosperity while being committed to environmental and community stewardship. Our team is dedicated to meeting these challenges and to working to build a better future for all Canadians."

In addition, Eric Levy is appointed as independent director. Mr. Levy is senior partner at the law firm of Osler, Hoskin & Harcourt LLP and is recognized as a leading Canadian lawyer in corporate M&A transactions and securities law. Mr. Levy will lead the board renewal process with Mr. Paul Gill to ensure a highly diverse board that shares in the vision of building a new energy company.

Ms. Labatte, Mr. Osbourne, and Ms. Slepcev are highly regarded professionals in their field and represent a team of leaders committing to a new vision and new strategy for the Company starting in Quebec where community engagement is a priority. Critical minerals of interest include graphite, lithium, REE, PGMs and others that are deemed essential and under-supplied for our new energy and technology future. Lomiko is looking to play a significant role in Canada's decarbonization path and the need to secure the entire North American electric vehicle supply chain with critical minerals and processing technology, which will enable 2º Celsius reduction in Greenhouse Gas Emissions (GHG) emission by 2040 and net-zero by 2050.

Belinda Labatte, Chief Executive Officer, said: "I thank Paul Gill, his team and the Board of Directors for the opportunity to build Lomiko into a high growth, dynamic and modern critical minerals company with an experienced, energetic and motivated team. We start with an excellent platform that Mr. Gill and his team have built as we move forward with our plans for a people-first approach to the development of critical minerals. We are taking steps to increase value and de-risk of the La Loutre graphite project and evolving from a high potential Preliminary Economic Assessment ("PEA") project to an expanded project in the PFS stage. Our plans for La Loutre include a carbon-neutral mine plan, enhanced drilling in high potential zones, and a metallurgical testing program, among other priorities. We also plan to follow up on a very encouraging geophysical survey program at our lithium exploration project, Bourier, in Quebec, that was conducted mid-2021. We will begin to drill test the anomalies as part of a renewed exploration focus at Bourier."

Ms. Labatte continued, "We are also actively reviewing other opportunities for portfolio growth in Quebec and North America where community engagement will be a priority. Our shared values of respect, personal performance, integrity and ingenuity are at the forefront. Our team has extensive experience in growing businesses large and small, in mine construction and operations, and a deep understanding and respect for long-term relationship building and entrepreneurial support needed in the communities where we operate. We are excited to build the profile of the critical minerals supply chain in Canada, share knowledge and be a part of the new energy transition employment opportunities ahead by applying action oriented Environment, Social and Governance ("ESG") practices in all areas of the business."

Profile of new leadership team

Incoming CEO Belinda Labatte, CFA, MBA, ICD.D, has more than 15 years of senior management experience in mining and the extractive industry, and 20 years of capital markets experience, including a decade of strategic development, capital markets investment banking experience, stakeholder engagement, and asset acquisition and disposition processes. Her most recent position was Chief Development Officer of Mandalay Resources Corp. Prior to that, Ms. Labatte was the founder and President of her own Company, The Capital Lab Inc., a leading Toronto-based consulting firm. Ms. Labatte is fluent in French, Spanish and German and graduated from the Rotman School of Management with an MBA. She holds the ICD.D designation and is CFA charterholder.

Incoming COO Gordana Slepcev, M.Sc.P. Eng, is a Professional Mining Engineer with more than 25 years of global mining experience in developing, building and leading safe mining operations. Ms. Slepcev's extensive experience spans multiple commodities, including gold, base metals, coal and industrial minerals. She brings considerable experience in mineral exploration, permitting, corporate and regulatory/First Nations/ Indigenous relations, and project financing to Lomiko. Before joining the Company, Ms. Slepcev held the position of COO for BMSI, a privately held company, where she was responsible for restarting the barite reprocessing facility, mitigating historical environmental impacts and overseeing EPCM contractors. She also formerly held the role of COO of Anaconda Mining, where she was responsible for the company's operations and development of the Goldboro project. Ms. Slepcev graduated from the University of Belgrade with a M.Sc.

Incoming CFO Vince Osbourne, CMA, CBV, is a senior finance and valuation professional with over 19 years of experience in all areas of financial management and business partnering within the retail industry. In his former position, he held the role of Real Estate finance business partner for Sobeys, contributing to significant value creation through the Real Estate portfolio and strategic partnerships. Vince Osbourne graduated from York University with a BA in Economics.

Independent director Eric Levy has over 20 years of experience advising on complex issues concerning securities and governance matters. He is Head of Osler's Montreal Corporate Group and also serves on the Osler, Hoskin & Harcourt Partnership Board.

In addition, Lomiko is forming an advisory board to management to assist with the growth of the company. Normand Champigny, CEO and Director of Quebec Precious Metals Corporation has been appointed to this group.

The Company will grant 3,850,000 stock options to the newly appointed leadership team and independent director. These stock options have an exercise price of $0.12 per share, are exercisable over five years, and are subject to vesting requirements. Incoming CEO Belinda Labatte receives 1,400,000 stock options; 800,000 stock options for incoming COO Gordana Slepcev and 800,000 stock options for incoming CFO Vince Osbourne. Newly appointed independent director Eric Levy will receive 500,000 stock options and newly appointed advisor Normand Champigny will receive 350,000 stock options. Stock options have been granted in accordance with the Company's current stock option plan.

Lomiko Metals holds a 100% interest in its La Loutre graphite development in southern Quebec. Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 42 minerals claims totaling 2,509 hectares (25.1km 2 ). Lomiko published a Preliminary Economic Assessment ("PEA") on September 10, 2021 which indicated the project had a 15 year mine life, US$406/tonne cost, average graphite mill head grade of 7.44% Cg for the first eight years; Life of Mine (LOM) average graphite mill head grade of 6.67% Cg, average LOM recovery of 93.5% Cg, measured and indicated resource at the base case cut-off grade of 1.5% Cg of 23,165 kt at a 4.51% Cg grade for 1.04 Mt of graphite, inferred resource at the base case cut-off grade of 1.5% Cg of 46,821 kt at a 4.01% Cg grade for 1.89Mt of graphite. 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 company also has an interest in the Bourier project which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km 2 ), 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 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 .

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Corporation; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Corporation's objective to become a responsible supplier of critical minerals, exploration of the Corporation's projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Corporation's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Corporation's business objectives or projects, the Corporation's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Corporation's current views about future events, and while considered reasonable by the Corporation at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; current technological trends; the business relationship between the Corporation and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Corporation's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations;

The Corporation's actual results, programs and financial position could differ materially from those anticipated in such FLI as a result of numerous factors, risks and uncertainties, many of which are beyond the Corporation's control. These include, but are not limited to: the market for critical minerals; the evolution of supply and demand for critical minerals; the Corporation's projects may not be explored or developed as planned; uncertainty relating to possible cost-overruns in implementing its business strategy and developing its projects; market prices affecting development of the projects; the availability and ability to secure adequate financing and on favourable terms; inability to obtain required governmental permits; any limitations on operations imposed by governments in the jurisdictions where we operate; technology risk; inability to achieve and manage expected growth; political risk associated with foreign operations; changes in government regulations, including currency controls; changes in environmental requirements; failure to obtain or maintain necessary licenses, permits or approvals; risks associated with COVID-19; insurance risk; litigation risk; receipt and security of mineral property titles and mineral tenure risk; changes in project parameters; uncertainties associated with estimating mineral resources and mineral reserves in the future, including uncertainties regarding assumptions underlying such estimates; whether mineral resources (if any) will ever be converted into mineral reserves; opposition to exploration and/or development of the projects; surface access risk; geological, technical, drilling or processing problems; health and safety risks; unanticipated results; unpredictable weather; unanticipated delays; reduction in demand for minerals; intellectual property risks; dependency on key personnel; workforce and equipment availability; currency and interest rate fluctuations; and volatility in general market and industry conditions.

Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Corporation does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable secruties laws.

On Behalf of the Board,

"Belinda Labatte" Chief Executive Officer and Director

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026005467/en/

Belinda Labatte 647-402-8379 info@lomiko.com

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Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has announced positive results from the Preliminary Economic Assessment on its La Loutre Graphite Project in southern Quebec. The 100% owned La Loutre Project is located in the Nominingue-Chénéville Deformation Zone in Quebec. The property, which consists of one large contiguous block of 42 mineral claims totaling 2,509 hectares or approximately 25 square kilometres, is located approximately 117 kilometres northwest of Montréal in southern Québec, 230 kilometres southwest of the Nouveau Monde Matawinie Project and 100 kilometres southeast of the Imerys' Lac-des-îles mine.

The PEA was completed by Ausenco Engineering Canada, the Canadian division of the Australian-based global engineering firm with a 30 year track record with projects spanning more than 80 locations worldwide.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news along with some video comment from Lomiko's President and CEO, A. Paul Gill. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.

Based on a drill hole database containing 117 drill holes, consisting of 15,160 metres of drilling and 8,850 assay intervals, the project has a mineral resource estimate of 23,165 kilo tonnes of 4.51% graphite for 1.04 metric tonnes of graphite in the Indicated category, and 46,821 kilo tonnes of 4.01% graphite for 1.9 metric tonnes of graphite in the Inferred category, using a 1.5% cut-off grade. The cut-off grade is based on a processing cost of CDN$11.85 per tonne, and General and Administrative Costs of CDN$2.37 per tonne. A cut-off grade of 1.5% has been used for the base case of the resource estimate, which more than covers the Process and General and Administrative Costs.

The mine plan includes 21.9 metric tonnes of mill feed and 88.4 metric tonnes of waste over the 14.7-year project life. Mine planning is based on conventional open pit methods suited for the project location and local site requirements. Owner-operated and managed open pit operations are anticipated to begin prior to mill start up, running for 14.7 years to pit exhaustion, with feed from the low-grade stockpile supplementing plant feed over the last two years. The PEA indicates the property has the geological potential to extend the mine life beyond the initial 14.7 years presented in the PEA as well as the opportunity to expand the scale of production by increasing the mineral resource through ongoing exploration and drilling.

With a strong treasury to support their next steps, Lomiko plans to commence a Preliminary Feasibility Study and Environmental Impact Studies while continuing to explore the geological potential of the property. Management believes the PEA clearly demonstrates the potential for Lomiko to become a major North American graphite producer, with a positive after-tax Internal Rate of Return of 21.5% and after-tax Net Present Value of $186 million.

Management cautions that mineral resources are not mineral reserves and do not have demonstrated economic viability.

For a more detailed analysis of the PEA, please refer to the news release. The shares are trading at $0.145. For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT: InvestmentPitch Media Barry Morgan, CFO bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91913

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Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has entered into an option agreement with Critical Elements Lithium Corporation giving Lomiko the right to acquire up to a 70% interest in the Bourier project. Lomiko will earn its interest by way of a joint venture agreement.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.

The Bourier project is located approximately 85 km east-northeast of the village of Nemaska and approximately 450 km north-northeast of the town of Val-d'Or, Québec. The Bourier property, potentially a new lithium field in an established lithium district in Quebec, consists of 203 claims covering approximately 10,252 hectares or 102.5 square kilometres.

A. Paul Gill, CEO, stated: "Recent consumer interest in electric vehicles has increased investor interest in Lithium and Graphite, two of the major components of a lithium-ion battery. Quebec is in a unique position of having ample supply of both commodities and now Lomiko has opportunities in additional battery materials."

Jean-Sébastien Lavallée, Critical Elements' CEO, added: "This option agreement with Lomiko will allow the Bourier property to be explored in detail for battery minerals discoveries, such as Lithium, Nickel, Copper and Zinc. Critical Elements is currently focused on the development of its Rose Lithium-Tantalum project. With Lomiko as a joint venture partner in the Bourier project, shareholders of both companies will be able to benefit from successful exploration of a highly prospective project."

The northern boundary of the property is marked by intrusive pink granite. The metasedimentary rocks in the centre of the property are intruded by mafic and ultramafic rocks, granites, pegmatites, and late diabase dykes. The pegmatites occur as either pink, which associated with oligoclase gneisses and granite, or white, which is associated with metasedimentary rocks. Outside of work program complete between 2010 and 2012 for Zinc-Copper and Gold by Monarques Resources Inc., there has been very limited lithium exploration undertaken at the Bourier Property.

The Bourier property is adjacent to the Lemare Lithium property, wholly owned by Critical Elements, where in 2012, a previous operator discovered a "granite pegmatite dyke containing a considerable amount of spodumene", which ranged in apparent thickness from 4.8 to 14.2 metres and was followed for close to 200 metres in length on surface.

Under the first option, Lomiko can earn 49% by paying $50,000 in cash, 5 million shares, and incurring $1.3 million in exploration expenditures by December 31, 2022. Subject to completing this first option, Lomiko can increase its interest to 70% by paying an additional $250,000 in cash, 2.5 million shares, and incurring $2 million in exploration expenditures and delivering a NI 43-101 Resource Estimate by December 31, 2023. Should Lomiko produce a drill-defined NI 43-101 resource estimate of between 5 and 20 million tonnes of lithium oxide, Lomiko will pay up to $2 million, payable in cash or shares, at Lomiko's discretion. Please refer to the company's news release for the specific schedule for these terms.

Critical Elements will retain a 2% NSR on the extraction and production of any minerals on the Bourier Property, of which Lomiko can purchase 1% for $2. million. During the agreement, Critical Elements will be the operator on the property. Critical Elements will also retain the exclusive right to market and act as selling agent for any and all Lithium products, including Lithium ore, concentrate and chemical, resulting from the extraction and production activities on the Bourier Property.

For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

CONTACT: InvestmentPitch Media Barry Morgan, CFO bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82629

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Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF The company is engaged in the acquisition, exploration, and development of resource properties that contain minerals for the new green economy.

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Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF)

Lomiko Metals is being featured on BNN Bloomberg on Mar 8th to 14th, 2021, throughout the day and evenings.

BTV-Business Television is Canada's longest running business show. With Hosts Taylor Thoen and Jessica Katrichak, BTV features emerging companies across the country to bring viewers investment opportunities. BTV also produces News Alerts and branding/ awareness spots for issuers broadcast on BNN Bloomberg, Fox Business News, Bloomberg TV US and Bloomberg Terminals. www.b-tv.com

BTV - Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76480

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About Altech Chemicals Ltd: Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia. HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

Contact: Corporate Iggy Tan Managing Director Altech Chemicals Limited Tel: +61-8-6168-1555 Email: info@altechchemicals.com Shane Volk Company Secretary Altech Chemicals Limited Tel: +61-8-6168-1555 Email: info@altechchemicals.com Investor Relations (Europe) Kai Hoffmann Soar Financial Partners Tel: +49-69-175-548320 Email: hoffmann@soarfinancial.com

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Lomiko Metals (TSXV:LMR, OTC:LMRMF, FSE:DH8C) announced positive results on its initial metallurgical test programs at its La Loutre Graphite project in Quebec, and Lomiko Metals COO Gordana Slepcev is keen on advancing the project towards a pre-feasibility study.

“We have published the positive preliminary economic assessment (PEA) in July 2021. And we’ve done quite a bit of work to advance that project toward PFS. So we started with the infill program and drilled at 100 meters in the end zone. We're really happy to move it to a level 2 project with the infill drilling.”

Lomiko acquired approximately 14,255 hectares of mineral claims on six projects in the Laurentian region of Quebec and within First Nations territory. These new claims lie within a 100 km radius of the company’s flagship La Loutre graphite project. About 28 claims are directly contiguous to La Loutre, increasing the company’s claim package to 4,528 hectares.

Lomiko is currently undertaking several metallurgical studies to define the chemical and physical properties of La Loutre graphite concentrate. The studies aim to determine the upgrading potential of the graphite flotation concentrate for value-added processing and confirm the plant flowsheet to aid in the plant design for the Pre-Feasibility Study the Company will be looking to complete in 2023.

With the infill drilling and the metallurgical testing, Lomiko expects to confirm those results and create some samples that they can send to the companies for both battery production and industrial use.

“After we actually do the infill drilling and the resource estimate, we're going to upgrade our resources of 70 million tonnes of graphite for about 3 million pounds of graphite. Two thirds or about 46 million of those resources are inferred, so in order to move on with the feasibility study and really be considered as a serious development company, we really need to upgrade those resources.”

Watch the full interview of Lomiko Metals COO Gordana Slepcev above.

Disclaimer: This interview is sponsored by Lomiko Metals (TSXV:LMR, OTC:LMRMF, FSE:DH8C). This interview provides information which was sourced by the Investing News Network (INN) and approved by Lomiko Metals in order to help investors learn more about the company. Lomiko Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Lomiko Metals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

Lomiko Metals Inc. (TSXV: LMR) ("Lomiko Metals" or the "Company") announces the Company received TSX-V approval and has closed its private placement and issued 9,765,400 flow-through units (the "FT Units") at a price of $0.065 per FT Unit for aggregate gross proceeds of $634,751.

Each FT Unit consists of one common share that will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) and the Taxation Act (Quebec) and one-half (1/2) of a common share purchase warrant (a "Warrant") with each whole Warrant exercisable at a price of $0.10 per share for a period of two years following closing.

The Company has paid cash finder's fees of $31,737.55 and will issue 580,182 non-transferable finder warrants.

The securities have now been issued having a hold period expiring November 26, 2022.

The Company intends to use the gross proceeds of the private placement to incur Canadian Exploration Expenses and "flow-through mining expenditures" as defined in the Income Tax Act (Canada) and the Taxation Act (Quebec) on the Company's Laurentides regional graphite exploration program and the Bourier Lithium property, which will be incurred on or before December 31, 2023, and renounced with an effective date no later than December 31, 2022 to the initial purchasers of FT Units in an aggregate amount not less than the gross proceeds from the sale of the FT Units.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with a 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. Lomiko is ECOLOGO certified.

The Company holds a 100% interest 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.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including satisfactory completion of due diligence and ability to reach an agreement with third party owners in connection with projected acquisitions, timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: potential of future acquisitions presently evaluated by the Company; current market for critical minerals; current technological trends; the business relationship between the Company, local communities and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

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

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

Click here to connect with Lomiko Metals Inc. (TSX.V: LMR) to receive an Investor Presentation

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") announces the Company has received conditional approval and will apply to the TSX Venture Exchange (the "Exchange") to close its non-brokered private placement (the "Private Placement") of 9,765,400 flow-through units (the "FT Units") at a price of $0.065 per FT Unit for aggregate gross proceeds of $634,751.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220721006067/en/

Figure 1 New Lomiko Claims in relation to La Loutre (Graphic: Business Wire)

Each FT Unit consists of one common share that will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) and one-half (1/2) of a common share purchase warrant (a "Warrant") with each whole Warrant exercisable at a price of $0.10 per share for a period of two years following closing.

Subject to regulatory approval, the Company will pay a cash finder's fees of $31,737.55 and issue 580,182 finder warrants (the "Finder's Warrants") to three parties. Each Finder's Warrant is non-transferable and exercisable at a price of $0.10 per share for a period of two years following closing.

Pursuant to applicable Canadian securities laws, all securities issued pursuant to this private placement are subject to a hold period of four months and one day. The private placement remains subject to the final approval of the TSX Venture Exchange.

The Company intends to use the gross proceeds of the private placement to incur Canadian Exploration Expenses and "flow-through mining expenditures" as defined in the Income Tax Act (Canada) and the Taxation Act (Québec) on the Company's Laurentides regional graphite exploration program and the Bourier Lithium property, which will be incurred on or before December 31, 2023, and renounced with an effective date no later than December 31, 2022 to the initial purchasers of FT Units in an aggregate amount not less than the gross proceeds from the sale of the FT Units.

CEO and Director Belinda Labatte commented: "We are pleased to secure Flow-Through Financing and applying the new critical minerals Flow Through credit in this financing which is pending further details and qualifications of the new credit announced in the 2022 budget. The Critical Minerals Exploration Tax Credit (CMETC) is a new tax credit proposed in budget 2022 on April 7, 2022. The 30% tax credit would be applicable to eligible expenses in the exploration of critical minerals in Canada aligned with the government's new critical mineral strategy. The announced critical mineral strategy and tax credit is important and directly aligned with our ongoing regional strategy to develop the natural flake graphite claims and to advance our Bourier lithium exploration program. At La Loutre we continue to advance our diamond drill program in the EV Zone, environmental baseline studies and metallurgical studies continue. This program will replicate commercial processing and purification steps to evaluate the performance of the La Loutre flake graphite in battery anode applications.

Regional Graphite Exploration Program in the Grenville Province

Lomiko has initiated helicopter-borne geophysical surveys on its six regional graphite properties for the purpose of data acquisition aiming to identify areas of prospective graphite mineralization for future field follow-up. The program will cover approximately 14,255 hectares of mineral claims, and 236 claims in total. These new claims lie within a 100 km radius of the Company's flagship La Loutre graphite and were previously announced on May 16, 2022. With this work, the Company aims to identify near surface conductors which will help guide the field work in the future and further define the regional prospectivity for natural flake graphite. Please refer to Figure 1 for details.

In addition, at the Company's Bourier prospect, Lomiko and Critical Elements Lithium Corporation (Operator) have commenced the 2022 field exploration program. The field program is expected to last four weeks. The lithium-tantalum-cesium anomalies are of particular interest because they represent an unprecedented discovery in the Bourier claim. This anomaly spans along a 2.5 km long NE-trending mica-rich white pegmatites system. Structural interpretation by GoldSpot suggest this lithium-tantalum-cesium trend may extend to the Lemare Li showing. Please refer to Figure 2 for details.

The Company holds a 100% interest 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 km 2 ). 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.

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 .

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including satisfactory completion of due diligence and ability to reach an agreement with third party owners in connection with projected acquisitions, timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: potential of future acquisitions presently evaluated by the Company; current market for critical minerals; current technological trends; the business relationship between the Company, local communities and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721006067/en/

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

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Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide an asset update on its current royalty portfolio

Brendan Yurik, CEO of Electric Royalties,commented:"It's exciting to see the advancement of our portfolio with two new resource estimates announced during the last month along with continued drilling at two more projects. At our Cancet and Seymour Lake lithium royalties, we have seen very quick progress over the past year with nearly A$100 million raised by the operators and significant work programs completed since November 2021."

Highlights since the Company's previous update on June 16, 2022:

David Gaunt, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

About Electric Royalties Ltd. Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 19 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

For further information, please contact: Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Scott Logan Renmark Financial Communications Inc. Phone: (416) 644-2020 or (212) 812-7680 Email: slogan@renmarkfinancial.com www.renmarkfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com and at otcmarkets.com.

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Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSXV: NOU ) is pleased to announce the initial closing of the previously announced transactions contemplated under the investment agreement dated May 15, 2022 (the "Investment Agreement") between NMG and Mason Graphite Inc. ("Mason Graphite") (TSX-V: LLG) (OTCQX: MGPHF), with a view towards the development and operation of Mason Graphite's Lac Guéret property, based in Québec, Canada (the "Property").

Pursuant to the Investment Agreement, NMG has entered into an option and joint venture agreement (the "Option and JV Agreement") with Mason Graphite, pursuant to which the parties will collaborate to advance the Property, with a view to form a joint venture (the "Joint Venture"), and pursuant to which Mason Graphite will grant an option to NMG to acquire a 51% interest in the Property and other related assets (the "Option") to be exercisable by NMG, the whole subject to the conditions set forth in the Option and JV Agreement.

The entering into of the Option and JV Agreement, the granting of the Option and the formation of the Joint Venture, among other things, have been approved by 99.0% of Mason Graphite's common shares represented in person (or virtually) or by proxy at the special meeting of shareholders of Mason Graphite held on July 14, 2022.

Concurrently with the execution of the Option and JV Agreement, NMG and Mason Graphite have completed the private placement of 5.0 million common shares of Mason Graphite (the "Initial Shares") to NMG at a price of $0.50 per Initial Share for gross proceeds to Mason Graphite of $2.5 million. Mason Graphite intends to use the net proceeds from the sale of the Initial Shares to fund agreed expenses on the Property pursuant to the Option and JV Agreement. The Initial Shares will be subject to a four-month hold period pursuant to applicable securities laws.

For further information regarding the transactions contemplated in this press release, please refer to NMG's press release dated May 16, 2022 available under NMG's profile on SEDAR at www.sedar.com and on EDGAR www.sec.gov , and on NMG's website at: https://NMG.com/mason-investment/ .

NMG is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

Mason Graphite is a Canadian corporation focused on the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The company also owns 100% of the rights to the Lac Guéret deposit, one of the richest graphite deposit in the world. The company is also the largest shareholder of Black Swan Graphene. For more information: www.masongraphite.com .

Subscribe to our news feed: https://NMG.com/investors/#news

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of Canadian and United States securities legislation. All information contained herein that is not clearly historical in nature including, but not limited to the statements describing the satisfaction of the conditions mentioned in the Option and JV Agreement and the anticipated timeline of such conditions, the exercise of the Option by NMG, the proposed formation of the Joint Venture, the intended development and operation of the Property, the potential commercialization of the products resulting from the Joint Venture, the potential entering into the proposed agreements attached as schedules to the Option and JV Agreement, the potential benefits of the proposed transactions, NMG's plans, objectives, expectations and intentions, and those statements which are discussed under the "About Nouveau Monde Graphite Inc." and "About Mason Graphite Inc." paragraphs and elsewhere in the press release which essentially describe NMG's and Mason Graphite's outlook and objectives constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mason Graphite to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) the risks related to the formation of a joint venture, such as the Joint Venture with NMG, (ii) volatile stock price; (iii) the general global markets and economic conditions; (iv) the possibility of write-downs and impairments; (v) the risk associated with exploration, development and operations of mineral deposits; (vi) the risk associated with establishing title to mineral properties and assets; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the Joint Venture in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the Joint Venture; (xii) the risks associated with the various environmental regulations the Joint Venture is subject to; (xiii) risks related to regulatory and permitting delays; (xvii) risks related to potential conflicts of interest; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of potential dilution through the issuance of common shares; (xvii) the companies do not anticipate declaring dividends in the near term; (xviii) the risk of litigation; and (xix) risk management. There can be no assurance that forward-looking information will prove to be accurate. NMG disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

A further description of risks and uncertainties can be found in NMG's Annual Information Form dated March 22, 2022, including in the sections thereof captioned "Risk Factors", which is available on SEDAR at www.sedar.com and on EDGAR www.sec.gov .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding NMG is available in the SEDAR database ( www.sedar.com ) and, for United States readers, on EDGAR ( www.sec.gov ), as well as on NMG's website at: www.NMG.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20220719006180/en/

MEDIA Julie Paquet VP Communications & ESG Strategy +1-450-757-8905 #140 jpaquet@nmg.com

INVESTORS Marc Jasmin Director, Investor Relations +1-450-757-8905 #993 mjasmin@nmg.com

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