Lomiko Metals Inc. Retains Notre‐dame Capital to Establish Equity Line Financing

NEWS RELEASE

November 9, 2010 TSX: V.LMR

LOMIKO METALS INC. RETAINS NOTRE‐DAME CAPITAL TO ESTABLISH EQUITY LINE FINANCING

Vancouver, BC. ‐ LOMIKO METALS INC. (TSX‐V:LMR, OTC: LMRMF, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7,) (“Lomiko” or “the Company) announces it has retained Notre‐Dame Capital Inc. (“NDC”), an Exempt Market Dealer registered with the Ontario Securities Commission (“OSC”) for the primary purpose of establishing an Equity Line Financing (“Equity Line”).

NDC is also engaged on a non‐exclusive basis to arrange other capital instruments that are mutually agreeable to both parties and support the efforts of Lomiko to develop its business strategy. The engagement will be for an initial period of 120 days, which may be extended by the agreement of both parties.

In conjunction with retaining Notre‐Dame, Lomiko will complete and file an Annual Information Form or Short Form Prospectus.

For more information, please contact Paul Gill at 604‐729‐5312 Email: [email protected]. Website: www.lomiko.com.

On behalf of Lomiko Metals Inc.

Paul Gill President & CEO

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.