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Lomiko to Work with SHD Smart Home Devices Ltd to Manufacture, Distribute and Sell Internet of Things (IoT) Based Device USB Spider Charger - Seite 2

Lomiko will contribute to SHD any and all R&D, trademarks, its e-commerce website, contacts and intellectual property ('Lomiko Assets') created under it's previous license agreements with MegaHertz Power Systems Ltd. The parties have mutually agreed to transfer the existing license agreements to SHD, focus the development of IoT products and business under SHD Smart Home Devices, and target the development of a revenue stream and Initial Public Offering (IPO) for SHD.

Lomiko Metals Inc. already controls 778,890 shares (12.97%) of SHD based on the February 16, 2016 agreement. Now, SHD will recognize the Lomiko Assets at a gross conditional value of $474,633 Cdn and issue to Lomiko Six Hundred Fifty-Nine Thousand Two Hundred and Thirteen (659,213) new common shares of SHD, valued at seventy-two cents ($0.72) per share, in lieu of cash payment for the Lomiko Assets. Further, Lomiko shall either pay to SHD $ 150,000 Cdn or issue to SHD Six Hundred Thousand (600,000) shares of Lomiko common stock within 60 days from the signing of this agreement to receive an additional 208,333 shares of SHD common stock at the price of seventy-two cents ($0.72) per share and own 19.71% of SHD. Also, SHD shall assume all past, current and future obligations of Lomiko to MegaHertz under the License Agreements and the Addendum thereto, and MegaHertz agrees to accept the assumption by SHD of any and all such obligations of Lomiko to MegaHertz. 

To view an enhanced version of Side View of Spider Charger Showing USB Ports, please visit:
http://orders.newsfilecorp.com/files/1944/19264_enhanced%202.jpg

The agreement is subject to TSX Venture approval.

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/25734

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20.03.2017 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.

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Language:	English
Company:	Lomiko Metals Inc.
	Canada
ISIN:	CA54163Q1028

End of News	DGAP News Service

555683  20.03.2017