DGAP-News

Lomiko Acquires 100% of Flake Graphite Resource with 4.1 Million Tonnes Indicated of 6.5% CG

DGAP-News: Lomiko Metals Inc. / Key word(s): Miscellaneous
Lomiko Acquires 100% of Flake Graphite Resource with 4.1 Million Tonnes
Indicated of 6.5% CG

16.05.2016 / 15:02
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia and Montreal, Quebec--(Newsfile Corp. - May 16,
2016) - Lomiko Metals Inc. ('Lomiko') (TSXV: LMR) (OTCQX: LMRMF) (FSE:
DH8B) and Canada Strategic Metals Inc. ('Strategic Metals'') (TSXV: CJC)
(FSE: YXEN) (OTC Pink: CJCFF) are pleased to announce the signature of an
additional option Agreement on the La Loutre and Lac des Iles Property
allowing Lomiko to acquire up to 100% interest in the project.

'The Properties are located close to the Imerys Carbon and Graphite Mine
and benefits from similar infrastructure advantages and similar flake
graphite grade, deposit size and near surface mineralization amenable to
low cost, small footprint extraction. All of these elements make this an
excellent candidate for a positive Pre-Economic Assessment.', stated A.
Paul Gill, CEO, Lomiko Metals Inc., 'Additional resource definition in the
Refractory Zone will bolster the PEA.'

[image: http://orders.newsfilecorp.com/files/1944/20618_drillmapreg.jpg]

Graphene and Battery Zone Drill Map

To view an enhanced version of this image, please visit:
http://orders.newsfilecorp.com/files/1944/20618_drillmapenhanced.jpg

Subject to Lomiko having exercised the Additional Option signed on February
6, 2015, Canada Strategic will also grants to Lomiko the exclusive right
and option (the 'Third Option') to increase its undivided interest in and
to the La Loutre Property and the Lac des Îles Property from 80% to 100% by
paying to Canada Strategic an additional amount of $10,000, by issuing to
Canada Strategic an additional 7,500,000 common shares of Lomiko and by
funding Exploration Expenditures for an additional amount of $1,125,000 for
a period commencing on the deemed exercise of the Additional Option and
ending on December 31, 2018. Previous to this option, Lomiko owned 40% of
the La Loutre and Lac des Iles Properties and had an option to increase
ownership to 80% based on completing work and issuing shares.

The La Loutre property consists of contiguous claim blocks totalling
approximately 2,867.29 hectares (28.67 km2 situated approximately 53 km
east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite
Mine, North America's only operating graphite mine, and 117 km northwest of