Lomiko Metals Inc. announced that it has received approvals from Quebec's Ministère des Forêts, de la Faune et des Parcs to start with its infill and step-out exploration drilling program at its wholly-owned La Loutre graphite project, located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory within the Outaouais and Laurentides regions, 180 kilometers northwest of Montreal. At this stage, Lomiko intends to keep building on the results of the positive Preliminary Economic Assessment (“PEA”) for the La Loutre property, issued on July 29, 2021, and to do so with a focus on stakeholder engagement processes. As the Company's vision is to develop its projects into production, it is taking early steps towards an eventual Pre-Feasibility Study.

Lomiko intends to de-risk the La Loutre project and increase confidence in its mineral resource estimates as it further defines the quantity and quality of the resource via the exploration program which will also serve to test the extremities of the deposits.