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Corporate Matters – Update

Corporate Updates

# 4 3 9 - 7 1 8 4 1 2 0 t h S t r e e t , S u r r e y , B . C . V 3 W 0 M 6

October 30, 2017 TSX-V:LMR

NEWS RELEASE

CORPORATE MATTERS – UPDATE

(Vancouver) LOMIKO METALS INC. (TSX -V:LMR, OTC: LMRMF, Europe: ISIN: CA54163Q1028, WKN:

A0Q9W7,) (“Lomiko” or “the Company) is pleased to announce that on October 27, 2017 it held its Annual General

Meeting of Shareholders (the “Meeting”). A total of 7,084,095 common shares (28.26% of the outstanding common

shares) were represented at the Meeting in person or proxy.

1. Election of Directors

Each of the following individuals were elected as directors of the Company as approved by a vote by ballot, for a term

expiring at the conclusion of the next annual meeting of shareholders of the Company or until their successors are

elected or appointed, as follows:

Name Votes “For” (%) Votes “Withheld” (%)

A. Paul Gill 7,064,211 (99.72%) 19,884 (0.28%)

Jacqueline Michael 7,063,911 (99.72%) 20,184 (0.28%)

Julius Galik 7,068,264 (99.78%) 15,831 (0.22%

Brian Gusko 7,068,304 (99.78%) 15,791 (0.22%)

2. Appointment of Auditor

The appointment of Galloway, Botteselle & Company, CGA as the auditor of the Company, to hold office until the

next annual meeting of shareholders of the Company, and the authorization of the directors of the Company to fix the

auditor’s remuneration, was approved by a resolution passed by a vote by ballot, with 7,071,984 (99.83%) total votes

cast “FOR” and 12,111 (0.17%) total votes “WITHHELD”.

3. Ratification of Stock Option Plan

The Stock Option Incentive Plan was approved by a resolution passed by a vote by ballot, with 7 ,001,204 (98.83%)

total votes cast “FOR” and 82,891 (1.17%) total votes cast “AGAINST”.

4. Ratification of Shareholders Rights Plan

The Shareholders Rights Plan was approved by a resolution passed by a vote by ballot, with 7,067,821 (99.77%) total

votes cast “FOR” and 16,274 (0.23%) total votes cast “AGAINST”.

At the first meeting of the newly constituted Board of Directors held immediately after the Meeting, A. Paul Gill was

elected to serve as President and Chief Executive Officer and Jacqueline Michael as Chief Financial Officer until the

next annual general meeting of the Company. The Board also elected Julius Galik, Brian Gusko and Jacqueline

Michael to serve as the Company’s Audit Committee until the next annual general meeting of the Company.

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Further, the Company also wishes to amend the terms of its 490,000 outstanding options granted to directors and

consultants of the Company between 02-2013 and 09-2014, from $1.00 (post 1:10 rollback) to $0.20. All other terms

remain the same. The amendment to the options is subject of regulatory approval, and shareholders’ approval for those

granted to the “Insiders” of the Company.

For more information, review the website at www.lomiko.com, contact Paul Gill at 604-729-5312 or email:

[email protected]

On Behalf of the Board of

LOMIKO METALS INC.

Signed: “A. Paul Gill”

President and CEO

We seek safe harbor. This press release has been prepared by management. The TSX Venture Exchange has not reviewed and

does not accept responsibility for the adequacy or accuracy of this release