DGAP-News

Lomiko Receives Drilling Permit for 75 - 100 Drill Holes at La Loutre Crystalline Flake Graphite Property and Monitors Sales and Revenue Developments at Graphene 3D Lab

DGAP-News: Lomiko Metals Inc. / Key word(s): Miscellaneous
Lomiko Receives Drilling Permit for 75 - 100 Drill Holes at La Loutre
Crystalline Flake Graphite Property and Monitors Sales and Revenue
Developments at Graphene 3D Lab

06.07.2015 / 14:31

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Vancouver, British Columbia, New York, New York & Montreal, Quebec--
(Newsfile Corp. - July 6, 2015) - LOMIKO METALS INC. (TSXV: LMR) (OTCQX:
LMRMF) (FSE: DH8B) (the 'Company') and Canada Strategic Metals (TSXV: CJC)
are pleased to announce they have received two drilling permit for 5,000
metres each at the La Loutre Crystalline Flake Graphite Properties located
in Quebec.

'Approximately 10,000 metres of drilling are planned at La Loutre. Drilling
should reach a vertical depth of no more than 150 meters, the
'rule-of-thumb' physical depth limit of a standard open pit.', stated A.
Paul Gill, CEO, 'Our goal is to become a low-cost producer of graphite in
Quebec. A good example of an open pit mining operation established on this
principal is the Imerys Carbon and Graphite Mine located nearby.'

After the current program is complete, the property will be assessed for a
resource and if warranted, a pre-economic assessment (PEA). The primary
focus are intersections which start within 15 metres of the surface as
highlighted below. Viable near surface mineralization reduces the amount of
waste rock that needs to be moved, reducing overall cost of the project and
reducing environmental impact.

Recent PEA publications in the graphite industry indicating capital
expenditures of $ 100 million dollars or more for developing a project and
an oversupply of graphite projects requiring sustained prices of over $
2500 per tonne prices stress the need to deliver a low CAPEX Project with
sustainable costs in a small, volatile market.

In a January 7, 2015 [url: http://www.lomiko.com/public/files/news/LMR
LaLoutre drillrslts3 01-7-2015.pdf] release, the company indicated that to
be economically viable, La Loutre must be able to deliver 1 Million Tonnes
of >94% Purity Graphite. To achieve this, the minimum resource must be at
least 20 Million Tonnes of 5% Gp. Setting high standards is required to
stand out in the current and future graphite market. In addition, Lomiko
hopes to define material >99.99% Graphite Crystalline Flake to serve as the
base material for testing graphite for the ultra-pure carbon market and for