CHANGE OF AUDITOR Lomiko Metals Inc. (the “Company”) announces th at the auditors, Galloway, Botteselle & Company , Chartered Professional Accountants, (the "Former Auditors") are not being proposed for re -appointment at the next annual
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FOR IMMEDIATE RELEASE
February 8, 2018 Trading Symbol: TSX-V: LMR
CHANGE OF AUDITOR
Lomiko Metals Inc. (the “Company”) announces th at the auditors, Galloway, Botteselle & Company , Chartered
Professional Accountants, (the "Former Auditors") are not being proposed for re -appointment at the next annual
general meeting of shareholders. Subject to all applicable regulatory and shareholder approvals, effective February
8, 2018, the Company’s new auditors will be Dale Matheson Carr -Hilton Labonte LLP, Chartered Professional
Accountants (the "Successor Auditor"), and it is being proposed that they be appointed at the next annual meeting of
shareholders.
At the next Annual General Meeting of shareholders to be held later this year, the shareholders of the Company will
be asked to approve the appointment of the firm of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional
Accountants, as auditors of the Company effective February 8, 2018.
The Company advises that other than as disclosed below, there have been no other reservations contained in the
auditor’s reports on the annual financial statements of the Company for the two fiscal yea rs immediately preceding
the date of this notice or for any period subsequent to the most recently completed period for which an audit report
was issued:
- the auditor’s report in the Company’s financial statements for the year ended July 31, 2017 contained the
following reservation: (1) the Company has a cumulative investment of $1,035,973 in a private company
which it has accounted for as an investment in an associate. Due to limited information, the auditor was
unable to perform audit procedures to verify the carrying amount of the investment, nor were they able to test
the investment for impairment.
In the opinion of the Audit Committee and the Board of Directors of the Company, there were no "Reportable
Events" as defined in National Instrument 52-102.
The Company’s audit committee and the board of directors have approved the resignation of the Former Auditor.
Pursuant to National Instrument 51 -102 Continuous Disclosure Obligations, the Notice of Change of Auditor,
together with the letter from the Former Auditor and the letter from the Successor Auditor have been reviewed by
the Company’s audit committee and board of directors and will be filed on SEDAR accordingly.
BY ORDER OF THE BOARD OF DIRECTORS OF
LOMIKO METALS INC.
Signed: “A. Paul Gill”
A. Paul Gill, President
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."