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#439- 7184 120th Street, Surrey, B.C. V3W 0M6

November 17, 2017 TSX-V: LMR

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,

DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR

INTO THE UNITED STATES.

Lomiko Metals Inc. (“Lomiko”) (TSX -V: LMR) announces it has received conditional approval from the TSX

Venture Exchange and now will close a 2nd tranche and issue:

1. 5,330,143 units at $0.14 for gross proceeds of $746,220.02. Each unit wil l be comprised of one common

share and one share purchase warrant, with each whole warrant exercisable into one common share at a

price of $0.20 for a period of two years from closing; and

2. 645,000 units at $0.1 6 for gross proceeds of $ 103,200. Each unit w ill be comprised of one flow-through

common share and one-half share purchase warrant, with each whole warrant exercisable into one common

share at a price of $0.26 for a period of two years from closing.

All securities will be subject to a four -month plus one day hold period from the closing. The issuance of the

securities is subject to the final approval of the TSX-V.

Proceeds of the private placement will be used to complete further drilling at the La Loutre Property in the

Refractory Zone in order to define a resource in compliance with 43-101 and for working capital.

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

at: [email protected].

ON BEHALF OF THE BOARD

LOMIKO METALS INC.

Signed: “A. Paul Gill”

A. Paul Gill,

President and Chief Executive Officer

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.