Lomiko Metals Pays the 1st Anniversary Payment for the Yellow Fox Property to Metals Creek and Adds Claims to the Agreement

Executive Summary

• Lomiko Metals paid the first‑anniversary cash and share consideration ($23,125 and 889,423 LMR shares at $0.13 per share) under its option agreement with Metals Creek for the Yellow Fox Property.
• The company also paid the finder’s first‑anniversary fee ($1,875 and 72,115 LMR shares).
• Two amendments increased the Yellow Fox land package to a total of 109 claim units covering 2,725 ha across five licences.

Key Details

• First‑anniversary payment: $23,125 cash + 889,423 LMR shares (deemed price $0.13/share), subject to TSX‑V exchange approval.
• Finder’s fee: $1,875 cash + 72,115 LMR shares (deemed price $0.13/share).
• Option payment schedule (total consideration):
• Cash: $64,750 total – $18,500 paid at closing, $23,125 paid first anniversary (now), $23,125 due second anniversary.
• Shares: $328,375 total – $50,875 paid at closing, $115,625 paid first anniversary (now), $161,875 due second anniversary.
• Amendment 1 (30 Apr 2025): Added 30 units in Block 039252M → 58 units, 1,446 ha total.
• Amendment 2 (29 Jan 2026): Added 51 units (Block 040194M – 43 units; Block 040195M – 8 units) → 109 units, 2,725 ha total.
• Current Yellow Fox footprint: 109 claim units in five licences, 2,725 ha, located ~10 km SW of Glenwood, NL (NTS 02D/14‑15).
• Exploration potential: Historic grab samples returned up to 59.43 g/t Au, 11.10 % Sb, 7.00 % Zn, 72.90 g/t Ag, and 5.50 % Pb in arsenopyrite‑stibnite veins.
• Qualified Persons: Gordana Slepcev, P.Eng. (CEO & President, QP) and Wayne Reid, P.Geo. (Metals Creek QP).
• Technical methodology: 851 soil samples analysed by ICP‑34 (Eastern Analytical Ltd.) and 7 samples by Bureau Veritas using ICP‑OES with multi‑acid digestion.

Notable Quotes

“The successful payment of the first‑anniversary consideration demonstrates our commitment to advancing the Yellow Fox option and expanding the land package, positioning us for further exploration upside.” – Gordana Slepcev, CEO & President, Lomiko Metals Inc.