Lomiko and Canada St Rategic Intersect 110.8 Metres of 14.56 % and 135.6 Metres of 7.74 % Including 44.1 Metres of 16.81% and 22.3 Metres at 17.08% Flake Graphite at LA Loutre

# 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

LOMIKO AND CANADA ST RATEGIC INTERSECT 110.8 METRES OF 14.56 % AND

135.6 METRES OF 7.74 % INCLUDING 44.1 METRES OF 16.81% AND 22.3 METRES

AT 17.08% FLAKE GRAPHITE AT LA LOUTRE

Vancouver, B.C and Montreal, Quebec January 17, 2017– Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR,

OTC: LMRMD/ LMRMF, FSE: DH8C/DH8B) and Canada Strategic Metals Inc. (“Strategic Metals””)

(TSX.V: CJC; FSE: YXEN; OTC -BB: CJCFF) are very pleased to announce high grade graphite results

from the near surface Refractory zone at the La Loutre project of 7.74% graphite over 135.60 metres

including 16.81% graphite over 44. 10 metres from hole LL -16-01, two different intersection in hole LL -16-

02 reporting 17.08% graphite over 22.30 metres and 14.80% graphite over 15.10 metres and 110.80 metres

of 14.56% Graphite in Hole LL-16-03.

The table below is showing the results from infill drilling from Hole LL -16-01, LL-16-02 and LL-16-03 and

previous results from 2015. A map of drill holes can be found under the heading Quicklinks: Drill Map. As

further results are received, the drill map of the Refractory Zone will be updated.

In December 2016, the companies completed a1550 M drill program of 10 holes in the Refractory Zone and

will release holes LL-16-04 to LL-16-10 as results are received and compiled.

“Our goal is to deliver a world class graphite resource at La Lou tre. Today's excellent results for the first

two of ten drill holes has delivered even better results th an last year. Each drill hole provides better

definition of the property's potential and bolsters the case for a top tier pre-economic assessment.”, stated

A. Paul Gill, CEO of Lomiko Metals Inc.

The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares

(28,67 km2) situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the

Timcal Graphite Mine, North America’s only operating graphite mine, and 117 km northwest of Montreal.

TABLE OF MINERALIZED INTERSECTIONS*

Hole # From (m) To (m) Length* (m) Gp %

LL-16-001

including

3.90

3.90

139.50

48.00

135.60

44.10

7.74

16.81

LL-16-002 3.90 26.20 22.30 17.08

113.90 129.00 15.10 14.80

LL-16-003 30.20 141.00 110.80 14.56

* Length along the core. The Company doesn't have enough

information to estimates the true width of the mineralized zone

intersected in the drill holes.

The 2016 drilling program is managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the

drilling campaign, supervised the program and logged and sampled the core.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and

analysis of the core samples. The drill core was logged and then split, with one half sent for assay and the

2

other retained in the core box as a witness sample. Duplicates and blanks were inserted regularly into the

sample stream.

The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this

case, the analytical facility was the ALS minerals in Val -d'Or, Quebec. The sa mples are weighed and

identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and

pulverized to 85% passing 75µm. All samples are analyzed for Carbon Graphite using C -IR18.

Jean-Sebastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies, President and Chief

Executive Officer of the Canada Strategic and a Qualified Person under NI 43 -101, has reviewed and

approved the technical content of this release.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-

729-5312 or email: [email protected].

On Behalf of the Board

“A. Paul Gill”

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.