DGAP-News

Lomiko Drilling Permit Clears the Way for Drilling Focused on Significant Resource Upgrade

DGAP-News: Lomiko Metals Inc. / Key word(s): Miscellaneous
Lomiko Drilling Permit Clears the Way for Drilling Focused on Significant
Resource Upgrade

10.11.2016 / 17:01
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia and Montreal, Quebec--(Newsfile Corp. -
November 10, 2016) - Lomiko Metals Inc. (TSXV: LMR) (OTCQX: LMRMF) (FSE:
DH8B) ('Lomiko') and Canada Strategic Metals Inc. (TSXV: CJC) (FSE: YXEN)
(OTC Pink: CJCFF) ('Strategic Metals'') are pleased to announce a permit
has been received for 1500-2000 metres of drilling for the La Loutre
Property. The work will focus on the new Refractory Zone discovered in
December, 2015. Although the zone has excellent results, there was not
enough drill holes completed to add the zone to the 43-101 Resource
Calculation released February 9th, 2016.

[image:
http://orders.newsfilecorp.com/files/1944/23464_drillmap-resized.jpg]

Current 86 Lomiko Flake Graphite Drill Holes Completed at La Loutre, Quebec

To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/1944/23464_drillmap.jpg

'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.'

On February 9th, 2016, Lomiko Metals and Canada Strategic announced
resource for the La Loutre Flake Graphite Property of 18.4 M Tonnes of
3.19% Indicated and 16.7 M Tonnes at 3.75% Flake Graphite Inferred with a
cut-off of 1.5%. The sensitivity table also features 4.1 M Tonnes of 6.5%
Indicated and 6.2 M Tonnes at 6.1% Flake Graphite Inferred with a cut-off
of 3%. The Resource is calculated on the Graphene-Battery Zone only and
does not include recent high grade intercepts of 28.5 Metres of 16.53% Cg
and 21.5 Metres of 11.53% Cg reported January 6, 2016 and 9% over 90.75
metres reported September 24th 2015 from the Refractory Zone.

The La Loutre property consists of contiguous claim blocks totalling
approximately 2,867.29 hectares (28.67 km2situated approximately 53 km east
of Imerys Carbon and Graphite, formerly known as the Timcal Graphite Mine,