Lomiko Reports 195% Increase in Indicated Graphite Resource: La Loutre Estimate of 68.2 million tonnes of Indicated Mineral Resource Averaging 4.50% Cg per tonne

Vancouver, B.C., April 13, 2023 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for its La Loutre Natural flake Graphite property (‘’La Loutre Project’’), located approximately 180 kilometres northwest of Montréal in the Laurentian region of Québec. The La Loutre Project is located within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory. The estimate was completed in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

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