Lomiko Metals Inc. announced shoulder sampling results from the infill and extension exploration drill program at its La Loutre Graphite property, located approximately 180 kilometres northwest of Montréal in the Laurentian region of Québec. The La Loutre graphite project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nation's territory. The assay results reported in this release are for 33 holes where additional core samples were collected to close intervals of graphite mineralization reported in previous press releases.

This shoulder sampling resulted in increasing the thickness of the mineralization for 28 holes. Intervals are considered closed where graphite values fall below 0.50% graphite (“Cg”) over at least 4 successive core samples (i.e., totalling approximately 6.0 metres of core.) Out of 28 holes that have shown an increase in the width of the mineralization, twenty-two were drilled in the EV Zone and six in the Battery Zone. Increases of 3.0m or more to the thickness of graphite zones were noted for 28 intersections generally without significant dilution of the graphite grade.

Eleven of these intersections showed increased thickness greater than 20.0m ranging from 22.0m up to a maximum of 63.0m. The most notable result of the additional sampling is in hole LL-22-042. Originally two intervals of graphite mineralization were reported in this hole including 8.68% Cg over 94.5m from 4.5 to 99.0m and 6.64% Cg over 94.4m from 121.0 to 215.4m.

These intersections are in paragneiss. An interval of marble between these paragneiss intervals was originally not sampled as it was assumed that the marble did not contain graphite. In fact, the additional sampling showed the marble to contain significant graphite mineralization with a weight average of 2.13% Cg over 22.0m from 99.0 to 121.0m.

Moreover, the graphite is evenly distributed in the marble with a minimum value of 1.42% Cg and a maximum value of 3.26% Cg. Most importantly, the additional sampling joined the two previously reported zones to provide a revised weight average in hole LL-22-042 of 7.09% Cg over 210.9m from 4.5 to 215.4m (the end of the hole). The last sample assayed 3.14% Cg indicating that the graphite mineralization continues beyond the end of the hole (i.e., the interval remains open below the end of the hole).

Holes LL-22-025, -045 and -046 and were also stopped in mineralization and remain open below the end of the hole. Five holes including LL-22-023, -046, -055, -056 and -064 remain open above the first sample of the interval. The additional sampling connected zones that were previously reported as separate zones, in holes LL-22-012 and -021 and -032.

One new graphite zone was defined in hole LL-22-062 by the additional sampling. The drill core was logged and marked for sampling by a professional geologist. All the core was photographed as part of the logging procedure.

Core samples were collected by splitting each sample interval in half lengthwise with a hydraulic core splitter. One half of the interval was returned to the core box, and the other half was placed in a plastic bag with a tag. The tag number was marked in indelible ink on the outside of the bag, and the bag was sealed with a plastic tie-wrap.

One certified reference material standard and one blank were included in each batch of 21 samples. For shipping, samples were placed in rice bags that were individually sealed with numbered, tamper-proof security tags. The rice bags were then placed on wooden pallets, secured with plastic wrapping, and delivered by truck to Manitoulin Transport Inc. for shipping to Activation Laboratories Ltd. (“Actlabs”) in Ancaster, Ontario.

At Actlabs the samples were crushed to 80% passing 2mm and then riffle split to a 250g sub-sample that was pulverized to pulp 95% passing 105µm (Actlabs Code RX1). The sample pulps were then analyzed for graphitic carbon “Cg” by mild hydrochloric acid digestion followed by combustion in an infrared induction furnace (Actlabs Code 8Cg).