Metals Creek receives Yellow Fox payment

Executive Summary

• Metals Creek Resources Corp. received the first anniversary payment from Lomiko Metals Inc. for the Yellow Fox property, consisting of $23,125 in cash and 889,423 shares of Lomiko.
• The company expanded the Yellow Fox property land package through two amendments, increasing the total holdings to 109 claim units spanning 2,725 hectares.
• Lomiko Metals announced highly anomalous Rare Earth Element (REE) soil assay results from the Yellow Fox property, including significant concentrations of Neodymium, Praseodymium, and Dysprosium, warranting further exploration.

Key Details

• First Anniversary Payment Received:
  • Cash: $23,125.
  • Shares: 889,423 shares of Lomiko Metals Inc.
  • Deemed Price: $0.13 per share.
  • Finder’s Payment: Lomiko also paid the finder $1,875 and 72,115 shares at the same deemed price.
• Property Expansion (Amendments):
  • Amendment 1 (April 30, 2025): Added 30 units in Block 039252M, bringing the total to 58 claims (1,446 hectares).
  • Amendment 2 (Jan. 29, 2026): Added 51 units in Blocks 040194M (43 units) and 040195M (8 units).
  • Current Status: The Yellow Fox property now comprises 109 claim units across five licenses, totaling 2,725 hectares.
• Option Agreement Terms (Lomiko Metals):
  • Lomiko can acquire 100% of Metals Creek’s interest.
  • Metals Creek retains a 2% NSR (Net Smelter Return).
  • Cash Consideration: Total $64,750.
    • Closing: $18,500 (Paid).
    • 1st Anniversary: $23,125 (Paid).
    • 2nd Anniversary: $23,125 (Outstanding).
  • Share Consideration: Total $328,375 payable in Lomiko shares at market price on signing.
    • Closing: $50,875 (Paid).
    • 1st Anniversary: $115,625 (Paid).
    • 2nd Anniversary: $161,875 (Outstanding).
• Exploration & Assay Results (Lomiko Metals Announcement):
  • Context: Phase II soil sampling and prospecting program results.
  • REE Highlights:
    • Seven soil samples rerun for REE specific test package.
    • Total Rare Earth Elements (TREE) ranging from 1,697 ppm to 5,176 ppm (0.52%).
    • Light Rare Earth Elements (LREE): Neodymium (Nd) 186–890 ppm; Praseodymium (Pr) 46–192 ppm.
    • Heavy Rare Earth Elements (HREE): Dysprosium (Dy) 36–191 ppm.
    • Thorium present in elevated numbers (pathfinder for REE).
  • Geological Context: REEs hosted within Mount Peyton monzogranite; anomalies parallel previously outlined Sb-Zn-Pb-Ag critical metal anomalies.
• Historic Mineralization Data:
  • Property is prospective in antimony, zinc, lead, gold, silver, and REEs.
  • Historic grab samples included: 59.43 g/t Au, 11.10% Sb, 7.00% Zn, 72.90 g/t Ag, and 5.50% Pb.

Notable Quotes

• None explicitly quoted in the text, though the Qualified Person Gordana Slepcev and Wayne Reid are noted as approving the technical content.