DGAP-News

Lomiko Metals Inc. and Canada Strategic Report 18.4 M Tonnes of 3.19% Indicated and 16.7 M Tonnes of 3.75% Inferred Flake Graphite Resource with 1.5% Cut-Off - Seite 2

performed on the La Loutre property. The results from this resource
estimate clearly demonstrate the strong potential for future development on
the property, particularly with all the infrastructure around the project
and the proximity with the Imerys Carbon mine. With 20% carry interest in
the project, we hope to be able to leverage our interest to develop our
others assets.', stated Jean-Sebastien Lavallee, President &CEO, Canada
Strategic Metals, 'We are very excited by the decision to move the project
forward to PEA level in the coming months.'

The La Loutre Resource is constrained within a drilled area of
approximately 900 m along the N150° striking trend of the graphitic
paragneiss, 250 m across the strike and 225 m below surface. Geological
interpretation and estimation were based on 62 NQ drill holes (totaling
8,193.3 m) drilled by Lomiko and Canada Strategic Metals in 2014 and 2015.

InnovExplo performed the geological interpretation and correlated the
mineralized zones on vertical sections spaced 50 metres apart. The
mineralized-zone model was constructed to outline zones of continuous
mineralization along an average trend of N150° and an average dip of 45°. A
minimum width of 4.0 meters (true width) was respected for the
interpretation model. InnovExplo constructed a mineralized-zone wireframe
model delimiting the geologically defined extent of all mineralized zones.
The 2016 Mineral resource Estimate includes 18 graphite-bearing zones
grouping elevated graphite mineralization (assays > 4% Cg), 4
graphite-bearing zones containing low graphite grade (assays < 4 % Cg), 5
graphite-bearing quartzite (assays < 4% Cg), and a remaining external
envelope hosting isolated low graphite grade.

The mineral resource was estimated using 3-D block modeling (block size = 5
m x 5 m x 5 m), with the grades of the blocks calculated using the inverse
distance squared (ID2) interpolation method for a 1000-metre strike length
corridor of the La Loutre deposit, down to a vertical depth of 180 metres
below surface.

The resources are constrained in a Pit shell of 1,100 m by 350 m by 100 m
maximal depth.

2016 Pit constrained Mineral Resource Estimate (Indicated and Inferred
resources) at different cut-off grades - La Loutre Property

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The Independent and Qualified Persons for the Mineral Resource Estimate, as