Lomiko Metals Identifies New Gold Showing and Extends Multi-Element Anomalies to the South at the Yellow Fox Antimony, Silver, and Gold Property Located in Central Newfoundland

Executive Summary

• Lomiko Metals completed a Phase II soil‑sampling program on the Yellow Fox antimony‑gold‑silver property, adding 264 new samples (total 815) and extending high‑priority multi‑element anomalies ~500 m south.
• A new gold showing was discovered with an assay of 1.3 g/t Au from a surface rock sample; historic grab samples from the area have returned up to 59.4 g/t Au, 11.1 % Sb, 7.0 % Zn, 72.9 g/t Ag, and 5.5 % Pb.
• The company received approval under Newfoundland & Labrador’s Mineral Incentive Program, designating the project as a “Critical Minerals” exploration target and making it eligible for CMA/PCMA funding.

Key Details

• Soil Sampling Scope: 264 additional samples collected on 250 m spaced lines trending 110°, bringing total Phase I+II sample count to 815 (Phase I = 551).
• Anomaly Extension: Multi‑element (Au, Sb, Ag, Zn, Pb, As, Fe, Mn, Ce) soil anomalies extended ~500 m further south; trends N–NE, consistent with regional structures.
• Gold Anomaly Length: Newly identified gold anomaly is nearly 1 km long and may extend further south; focus for Phase III sampling.
• Rare‑Earth Findings: Cerium‑rich anomalies spanning >2.5 km (width up to 400 m); REE test package to be re‑run for Nd, Pr, Sc, Ga, etc.
• New Gold Showing: Surface rock sample (1–4) assayed 1.3 g/t Au; outcrop ~3 m wide × 10 m long, hosted in carbonatized granite with disseminated pyrite. Planned fall prospecting to strip, trench, and channel‑sample the showing.
• Historic Grab Samples (Yellow Fox): Up to 59.43 g/t Au, 11.10 % Sb, 7.00 % Zn, 72.90 g/t Ag, 5.50 % Pb from arsenopyrite‑stibnite veins in altered monzogranite.
• Future Exploration Plan:
• Line‑cutting and ground geophysics to define high‑priority targets.
• Surface trenching and channel sampling at the new gold showing.
• Rare‑earth testing of cerium anomaly for additional REEs.
• Additional soil lines (3–5) south of the gold anomaly to delineate extent.
• Regulatory/Funding Status: July approval by Newfoundland & Labrador’s Mineral Incentive Program; eligible for CMA and PCMA funding as a “Critical Minerals” target.
• Qualified Persons: Gordana Slepcev, P.Eng. (CEO & President) and Wayne Reid, P.Geo. reviewed and approved the technical content under NI 43‑101.

Notable Quotes

“We are very excited about this new gold anomaly discovered with the second phase of the soil sampling… The anomaly may extend south, and this is where we will focus with more soil sampling in Phase 3.” – Gordana Slepcev, CEO & President

All forward‑looking statements are subject to risks and uncertainties; readers should refer to the company’s MD&A for full disclosures.