JOGMEC Extends Due Diligence Period for Alkali Lake Lithium Brine Project

NEWS RELEASE

DATE: March 24, 2010 TSX: V. LMR

JOGMEC EXTENDS DUE DILIGENCE PERIOD FOR ALKALI LAKE LITHIUM BRINE PROJECT

(Vancouver) LOMIKO METALS INC. (TSX-V:LMR, Pinksheets: LMRMF, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (“Lomiko” or “the Company) has received a letter from Japan, Oil, Gas and Metal National Corporation (“JOGMEC”) indicating that JOGMEC has extended its due diligence period at Alkali Lake for an additional 30 days. JOGMEC has the right to perform due diligence for up to 90 days from February 12, 2010 under the terms of the Memorandum of Agreement with Lomiko.

Lomiko continues to seek further acquisitions and Joint Ventures to expand its property portfolio.

For more information, please contact Paul Gill at 604-729-5312, email: [email protected]

On behalf of Lomiko Metals Inc.

Signed: “A.Paul Gill”

A. 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.