DGAP-News

Lomiko and Canada Strategic Extend Option Agreements on La Loutre and Lac Des Iles Graphite Properties for 100% Ownership

DGAP-News: Lomiko Metals Inc. / Key word(s): Miscellaneous
Lomiko and Canada Strategic Extend Option Agreements on La Loutre and Lac
Des Iles Graphite Properties for 100% Ownership

03.01.2017 / 14:57
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia and Montreal, Quebec--(Newsfile Corp. - January
3, 2017) - Lomiko Metals Inc. (TSXV: LMR) (OTCQX: LMRMD) (OTC: LMRMF) (FSE:
DH8B) ('Lomiko') and Canada Strategic Metals Inc. (TSXV: CJC) (FSE: YXEN)
(OTC Pink: CJCFF) ('Strategic Metals') have agreed to amend and extend two
options agreements for the La Loutre and Lac des Iles Properties dated
February 6, 2015 and May 13, 2016 (the 'Agreements') which allow Lomiko to
earn 80% and then 100% ownership of the two properties, respectively.

'We eagerly await drill results from the completed La Loutre drill program
in early 2017.' Stated A. Paul Gill, CEO, Lomiko Metals.

[image: http://orders.newsfilecorp.com/files/1944/24343_regular-image.jpg]

Area of New Drilling at La Loutre

To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/1944/24343_enhanced.jpg

Lomiko has yet to complete the first option as $ 383,000 work remains to be
done. The two companies have now agreed that, under the February 6, 2015
Option Agreement to earn 80%, the deadline date for work completion will be
extended from December 31, 2016 to June 30, 2017. All other requirements
under the agreement have been met.

In addition to the changes to the February 6, 2015 Agreement, the companies
have also amended the May 13, 2016 Agreement to earn 100% which starts
after the completion of the February 6, 2015 option. The companies have
agreed to eliminate the $10,000 payment required at point 6.A.1 (a) of the
Option Agreement, dated May 13, 2016.

In lieu of the above changes, Lomiko has agreed it will issue and deliver
200,000 of its common shares to Canada Strategic within ten days of TSX
approval of the Agreement.

For more information on Lomiko Metals, review the website at
www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email:
[e-mail].

On Behalf of the Board,

'A. Paul Gill'

Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.


Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/24343

News Source: Newsfile


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03.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Lomiko Metals Inc.


Canada
ISIN: CA54163Q1028



End of News DGAP News Service
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533893 03.01.2017