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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

November 1, 2018 TSX-V:LM R

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 a nnounce that on October 31, 2018 it held its Annual General

Meeting of Shareholders (the “Meeting”). A total of 12,623,760 common shares (31.49% 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 meeti ng of shareholders of the Company or until their su ccessors are

elected or appointed, as follows:

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

A. Paul Gill 6,323,022 (96.13%) 254,444 (3.87%)

Jacqueline Michael 6,348,521 (96.52%) 228,945 (3.48%)

Julius Galik 6,344,905 (96.46%) 232,561 (3.54%)

Brian Gusko 6,346,347 (96.49%) 231,119 (3.51%)

2. Appointment of Auditor

The appointment of Dale Matheson Carr-Hilton Labonte LLP, 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 resol ution passed by a vote by ballot, with 12,130,052 ( 96.09%) total

votes cast “FOR” and 493,708 (3.91%) total votes “WITHHELD”.

3. Ratification of Stock Option Plan

The Stock Option Incentive Plan was approved by a r esolution passed by a vote by ballot, with 6,291,46 1 (95.65%)

total votes cast “FOR” and 286,005 (4.35%) total votes cast “AGAINST”.

4. Re-Pricing of Options

The Re-Pricing of eligible outstanding options from $1.00 to $0.05 was approved by a resolution passed by a vote by

ballot, with 6,089,319 (92.58%) total votes cast “FOR” and 488,147 (7.42%) 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 Bo ard also elected Julius Galik, Brian Gusko and Jacq ueline

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

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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