Lomiko Metals Identifies New Gold Showing and Extends Multi-Element Anomalies to the South at the Yellow Fox Antimony, Silver, and Gold Property Located in Central Newfoundland

Core Insights - Lomiko Metals Inc. has identified a new gold anomaly and extended multi-element anomalies at the Yellow Fox property in Newfoundland, indicating promising exploration results [1][2][34] - The company plans to focus on further soil sampling in Phase 3 to explore the newly identified gold anomaly, which is nearly one kilometer long [2][5] - Newfoundland has been recognized as one of the top ten most attractive jurisdictions for mining investment by the Fraser Institute, enhancing the region's appeal for exploration [2][3] Exploration Results - The Phase II soil sampling program collected 264 additional samples, bringing the total to 815 samples, which successfully extended several high-priority multi-element anomalies [5][8] - A new gold showing was discovered with an assay result of 1.3 grams per tonne (g/t), located in an area with minimal prior exploration [9][10] - Historical work at the Yellow Fox property has returned significant samples, including up to 59.43 g/t Au and 11.10% Sb, indicating the potential for high-grade mineralization [4][26] Future Plans - The company plans to conduct further prospecting and surface trenching to evaluate the extent of the new gold showing and to collect additional rock samples [9][15] - Ground geophysics and line cutting permits have been received, with plans to run a Rare Earth Elements testing package to explore cerium anomalies [10][15] - Additional soil sampling will be conducted on 3-5 lines south of the new gold anomaly to determine its extent [15]