Lokesh Machines Limited announced that the members of the company at the 38th Annual General Meeting held on September 28. 2022 inter-alia approved the appointment of Mr. S.S. Raman as an independent director of the company, the appointment of Mr. K. Krishna Swamy as non- executive director of the company. Mr. S.S. Raman is an Engineer with PGD in Production Engineering.

He is a Certified "Executive CEO Coach" from CFI India 1 st batch. Mr. Raman is also certified "Corporate Director" from Institute of Directors. He is also a Certified EQI 2.0 practitioner, CBT practitioner, NLP Basic practitioner and ADD practitioner.

He has 37 years of Experience in organizations such as TATA Motors, Birla Yamaha Limited, Whirlpool of India Limited, TVS Electronics Limited. He retired as Managing Director of TVS Electronics Limited and was Executive Director in Whirlpool of India Limited. His has exposure of various areas including Sales, Marketing and Service beside core of manufacturing, Technology and SCM, exposed to International business and alliance in global procurement.

Mr. K Krishna Swamy has more 48 years of vast experience in designing. He started his career with HMT during 1964 and after a long stint in all its divisions, became the Chief Engineer in-charge of its design depa1iment during t 978 to 1983. Mr. Krishna Swamy, during his tenure at HMT had received training under experts in the designing field including Cross Company Inc., USA, and the then as a collaborator of HMT he has designed a number of machines notable among them being Rotary Indexing Machines, Linear Transfer Machines and Line Boring Machines etc.

He has been with LOKESH since 1995 and is presently a non-executive director. Minto Metals Corp. reported the progress from its 2022 exploration drilling program at the Minto Mine.

The Company reports updated drill results from the ongoing 30,000 metre ("m") exploration drilling program. Highlights include high-grade results received from exploration drilling at Minto North. Drill hole 22EXP042 cut 2.20% Copper ("Cu") over 20 m drill width in follow-up, step-out drilling from drill hole 21EXP003 that cut 1.58% Cu over 28 m. Combined, these results represent mineralization approximately 200 m west-northwest of the current NI 43-101 resource at Minto North.

Additional Highlights -Hole 22EXP031 2.11% Cu over 12.16 m from 84.84 m downhole including 3.52% Cu over 7.26 m representing a newly discovered mineralized lens in the footwall of the 122 Lens at Cu Keel South; Hole 22EXP034- 1.30% Cu over 4.41 m from 127.04 m downhole representing a new mineralized lens below the Ridgetop orebody; Hole 22EXP023- 0.46% Cu over 29.39 m from 74.81 m downhole; a new, near-surface discovery. Drilling was conducted under the conditions and authorizations of Quartz Mining Land Use Permit# LQ00565 issued by the Department of Energy Mines and Resources, Yukon Government. Results released now are from 19 drill holes totalling 10,610 m (see Table 1 for Drill hole information and Table 2 for Assay results).

As of August 31st, Minto has drilled 43 holes for 23,311 m of a budgeted 30,000 m for 2022. Previous results for 2022 were reported in the. Drill hole 22EXP042was drilled as a 50-metre step-out from mineralization intersected in hole 21EXP003.

The hole successfully intersected 20 m @ 2.20% Cu including 5.05% Cu over 3.65 m. Host rock and sulphide content were near identical to hole 21EXP003. Early interpretation is that these two mineralized intersections represent the western down-plunge extension of the Minto North orebodies. The Company is currently awaiting results from five additional drill holes, three of which are testing the 200 m gap between the Minto North orebodies and one stepping out 50 m west of hole 22EXP042.

It remains unclear at the moment whether the mineralized zones from 22EXP042 and 21EXP042 represent an entirely new lens, down-plunge extension of Minto North lenses 122 & 122, fault-displaced (down) Minto North Main zone or up-plunge extension of mineralization from historical drill hole 09SWC587. Assay results from drill holes 22EXP044 through -048 are pending. Drill hole 22EXP031 was designed to test a strong chargeability anomaly in the footwall of the Cu Keel South orebody.

The hole successfully intersected a semi-massive, chalcocite-dominant migmatitic granodiorite with a grade of 2.11% Cu over 12.16 m that included a 7.26 m interval of 3.52% Cu. This drill intersection is interpreted as a new lens in the immediate footwall of the 112 Lens at Cu Keel South. Additional mineralized zones were also identified up to 400 m below the current Cu Keel South resources.

Drill hole 22EXP034 was designed to test a moderate to strong chargeability anomaly in the footwall to the Ridge Top orebodies. The hole cut 1.30% Cu over 4.41 m from a drill hole depth of 127.04 m downhole and is interpreted to be a new mineralized lens also intersected in historical drill holes 07SWC258 and 09SWC580. Drill hole 22EXP023 was designed to test a chargeability anomaly immediately north of the Minto Aerodrome.

The hole intersected multiple chalcopyrite-bornite mineralized lenses hosted within typical Minto host rock (gneissic to migmatitic granodiorite); the most significant of which was a near-surface lens that 29.39 m averaging 0.46% Cu from 74.81 m downhole.